2024-07-17 14:00:00 ET
Summary
- American Water Works has a history of growing cash returns to shareholders.
- Based on our estimates we view shares as attractively valued.
- We believe opportunities for American Water Works to further enhance its revenues and profitability are not fully appreciated by the market.
The following segment was excerpted from this fund letter.
American Water Works Company, Inc. ( AWK )
Founded in 1886 and headquartered in New Jersey, American Water Works is the largest and most geographically diverse water (~92% of regulated sales) and wastewater (~8%) utility in the United States. The company serves a population of approximately 14 million people across 14 states, with operations that span 53,700 miles of pipe, 540 water treatment plants, 1,200 groundwater wells, 1,700 pumping stations and 74 dams....
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American Water Works: Attractively Valued Yet Not Fully Appreciated By The Market