American Water Works Co Inc
AWK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$999.00 | Hkvdl | Fxnykyjll |
American Water Earnings: Shares Attractive as Management Continues Strong Execution
We are reaffirming our $142 per share fair value estimate after American Water reported full-year operating earnings of $4.90 per share, compared with $4.51 in 2022. Management increased its 2024 earnings guidance to $5.20 to $5.30 per share, up from $5.10 to $5.20, to account for higher interest income on its HOS business sale. Incorporating the gain will not have an material impact on our fair value estimate.