BATS:AWK   American Water Works Company, Inc.
American Water Works Company (AWK) is committed to providing water and wastewater treatment services to residential, commercial, and industrial customers across the United States.

Financial Performance:
Q2 2023: The company reported revenue of $8.882 billion in the second quarter of 2023, showing an increase compared to the same period last year. Net income also increased to $2.02374 billion, or $0.97 per share, while in Q2 2022, it was $0.87 billion, or $2.2022 per share.
Q3 2023: For the third quarter of 2023, the revenue was reported at $3 billion, higher than the $2.0231 billion reported in the same period last year. The net profit for AWK this quarter was $1.94 billion, or $215.1 per share.

AWK announced a quarterly dividend of $0.7075 per share, translating to an annual dividend of $2.83 per share, with a dividend yield ranging between 2.39% to 2.44%. The company has been increasing its dividend for 14 consecutive years, demonstrating a strong commitment to maintaining and growing its dividend. The payout ratio has consistently stayed below 75%.

Technical Analysis:
Technical Indicators: The 50-day moving average for AWK stands at $121.38, while the 200-day moving average is at $129.77, serving as potential support or resistance levels for the stock.
Like other utility companies, AWK faces operational risks including regulatory compliance, infrastructure investments, and weather-related disruptions, which could impact its financial performance and stock valuation.

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