American Water Works pany(AWK)
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7 Water Stocks to Buy Now: May 2024
investorplace.com· 2024-05-28 00:13
Articles about water stocks to buy typically focus on income-oriented investors. That’s because, like many utility stocks, water stocks are known for their predictability. But if you’re looking for growth, predictable doesn’t cut it. However, for the next several years, water may be a key sector for investors who are looking for growth. It comes to an undeniable fact. That is, the nation’s water infrastructure is in massive need of repair. According to a study by the FMI Corporation, 78% of companies in t ...
American Water (AWK) Unit to Invest $8.4M in Three Projects
zacks.com· 2024-05-25 01:06
American Water Works (AWK) announced that its unit, New Jersey American Water will invest $8.4 million in three different projects to strengthen water and wastewater infrastructure in its service region. The company keeps on upgrading old infrastructure and adding new assets to provide reliable services to its customers.Proper maintenance and upgrade of the old infrastructure allow the company to meet rising demand from its residential and commercial customers and assist firefighters during emergencies.New ...
American Water Works Will Benefit From Future Interest Rate Cuts
seekingalpha.com· 2024-05-23 22:04
Thomas Barwick/DigitalVision via Getty Images Overview I really enjoy seeing the dividend income in my portfolio grow over time with the least amount of effort on my end. This enjoyment prompts me to spend a lot of time looking for the next opportunity to increase my annual passive income. I believe that utilities offer a ton of opportunities at the moment as these businesses are typically very sensitive to interest rate changes. Utility-based companies often depend on attractive debt financing to fund ...
American Water's (AWK) Unit to Invest $28.3M in Water Storage
zacks.com· 2024-05-18 02:55
American Water Works (AWK) announced that its unit, Pennsylvania American Water, will invest $28.3 million to rehabilitate 10 of its water storage tanks and construct four new tanks. Pennsylvania American Water’s tank rehabilitation program of inspecting, sandblasting and repainting tanks extends the tanks’ service lives and helps to protect water quality.Proper maintenance of the old water storage tanks and the addition of new tanks allow the company to meet rising demand from its residential and commercia ...
11 Upcoming Dividend Increases Including A King
Seeking Alpha· 2024-05-10 08:51
baona/E+ via Getty Images Don't adjust your set; this week's headline looks much like last week's. The exception is that we have just one dividend king this week: MSA Safety Incorporated (MSA). MSA extends its 53-year growth streak with an 8.5% increase. A dividend king status is something to be celebrated, a testament to a quality business's ability to reward shareholders for over 50 years. The other companies on the list have streaks ranging from 6 to 31 years. Together, they feature an average increa ...
Why American Water Works (AWK) is a Great Dividend Stock Right Now
Zacks Investment Research· 2024-05-09 00:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric tha ...
American Water Works pany(AWK) - 2024 Q1 - Earnings Call Transcript
2024-05-02 23:55
财务数据和关键指标变化 - 2024年第一季度每股收益为0.95美元,较上年同期的0.91美元增加了0.04美元 [4][15] - 2024年第一季度收益增加主要来自于最近在印第安纳州和西弗吉尼亚州完成的费率案件带来的收入增加 [14] - 运营维护成本增加0.07美元/股,主要由于燃料、电力和化学品成本上升以及员工相关成本增加 [14] - 折旧费用增加0.06美元/股,长期融资成本增加0.11美元/股,均为预期增加 [14] - 短期融资带来0.07美元/股的收益,主要来自于本季度持有的现金储备产生的利息收入 [15] - 2024年2月对HOS出售相关的卖方票据修订带来0.02美元/股的额外利息收入 [4][15] 各条业务线数据和关键指标变化 - 公司未披露各业务线的具体数据和指标变化情况 [1-44] 各个市场数据和关键指标变化 - 公司未披露各地区市场的具体数据和指标变化情况 [1-44] 公司战略和发展方向及行业竞争 - 公司维持7%-9%的长期每股收益和股利增长目标,体现了公司强劲的资本增长计划和出色的监管及运营执行能力 [6] - 公司完成了10亿美元的长期债务融资,为支持公司的监管业务增长提供资金 [17] - 公司在2024年第一季度投资超过6亿美元用于基础设施建设,保持了较高的资本投入水平 [4][13] - 公司通过费率案件和基础设施费率机制,减少了监管滞后,降低了客户费率上涨的幅度 [13] - 公司在宾夕法尼亚州的收购环境正在发生变化,但公司仍有信心推进宾州的收购管线 [16] 管理层对经营环境和未来前景的评论 - 管理层表示公司有能力应对PFAS水质标准的挑战,预计不会对之前的资本和运营开支估算产生影响 [7][8] - 管理层认为公司有能力应对当前的高利率环境,并将继续采取积极的融资策略以实现低资本成本 [17] - 管理层对公司的财务状况和信用评级保持乐观,有信心维持当前的投资级信用评级 [17] - 管理层表示公司将继续专注于执行,并相信公司的行业领先的每股收益和股利增长以及ESG领导地位将继续受到投资者的青睐 [17] 问答环节重要的提问和回答 问题1 **Richard Sunderland 提问** 询问宾夕法尼亚州费率案件的进展以及公司对宾州公平市场价值法修订的看法 [19][20] **Susan Hardwick 回答** - 宾州费率案件目前进展到最后阶段,和解可能性较小,预计将在未来几周内有结果 [20] - 公司密切关注宾州公平市场价值法的修订动态,并将继续与监管机构和立法者进行沟通,以确保为社区提供最佳解决方案 [20][21] 问题2 **Angie Storozynski 提问** 询问宾州费率案件中提出的一些问题,如费率案件频率、允许ROE等,以及对公司资本投资计划的影响 [25][26] **Susan Hardwick 回答** - 公司对自身在宾州的计划和监管执行保持高度信心,投资计划是为了满足基础设施更新和更换的需求 [26][27] - 公司频繁提出费率案件是由于大幅增加的资本支出计划,与同行业水平相当,不属于异常情况 [27] - 公司预计未来收购审批可能需要更长时间,但不会对收购策略产生重大影响 [29] 问题3 **Aditya Gandhi 提问** 询问公司在PFAS相关立法方面的进展和策略 [35][40] **Cheryl Norton 回答** - 公司正在积极推动PFAS责任保护法案,该法案旨在保护水和污水系统作为被动接收者免受PFAS责任 [37][39] - 该法案目前在参众两院均有提出,公司正在与两党立法者进行沟通和教育,但难以预测具体通过时间 [40][41] - EPA表示将酌情使用裁量权,但公司仍希望通过立法获得更加明确的保护 [43]
American Water (AWK) Q1 Earnings Lag, Revenues Beat Estimates
Zacks Investment Research· 2024-05-02 19:51
American Water Works Company (AWK) posted first-quarter 2024 operating earnings per share (EPS) of 95 cents, which lagged the Zacks Consensus Estimate of 99 cents by 4.1%. However, the bottom line improved 4.4% from the year-ago quarter's earnings of 91 cents.The year-over-year improvement in earnings was due to favorable impacts of the implementation of new rates in Regulated businesses, offset somewhat by increased production and employee-related costs, and higher financing costs to fund the capital inves ...
American Water Works pany(AWK) - 2024 Q1 - Quarterly Results
2024-05-02 04:32
每股收益 - 2024年第一季度每股收益为0.95美元,较2023年同期的0.91美元有所增长[1] - 2024年每股收益指引范围为5.20至5.30美元,包括约0.10美元的利息收入增加[2] 资本投资计划 - 2024年资本投资计划为31亿美元,已完成Granite City, IL的收购,金额为8600万美元[1] - 公司计划在2024年在全国范围内投资约31亿美元[6] 股利政策 - 宣布每股普通股的季度现金股利为0.7650美元,较前一季度增长8.1%[1] 收入情况 - 2024年第一季度管制业务净收入为1.85亿美元,较2023年同期的1.74亿美元有所增长[7] - 运营收入在2024年3月31日的三个月内增加了6800万美元,主要是由于已完成的一般费率案件和基础设施程序的授权收入增加[8] - 自2024年1月1日以来,公司已从一般费率案件中获得了4300万美元的额外年收入[9] 费用情况 - 运营和维护费用在2024年3月31日的三个月内比2023年增加了2100万美元,主要是由于生产成本增加[10] 融资情况 - 公司于2024年2月23日完成了14亿美元的长期债务发行,用于资助公司的资本投资计划[11] 财务表现 - 公司在2024年第一季度实现营业收入1011百万美元,较去年同期增长7.8%[24] - 公司在2024年第一季度净利润为185百万美元,每股基本收益为0.95美元[24] 资产负债表 - 公司资产总额为31086百万美元,较去年底增长788百万美元[25] - 公司长期债务为12569百万美元,较去年底增长851百万美元[26]
American Water Works pany(AWK) - 2024 Q1 - Quarterly Report
2024-05-02 04:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I.R.S ...