American Water Works remains focused on regulated businesses.
We are reaffirming our $80 fair value estimate and narrow moat and stable moat trend ratings for American Water Works after the company reported in-line 2017 adjusted earnings of $3.03 per share, $0.01 less than our estimate and $0.01 higher than consensus. American Water also reaffirmed its 2018 earnings guidance of $3.22-$3.32 per share, and our $3.30 per share estimate is unchanged.The impact of tax reform on American Water’s regulated business is similar to that of most other utilities. We ...
American Water Works is a holding company. Through its subsidiaries, the company is a publicly-traded water and wastewater utility company. The company provides drinking water, wastewater and other related services to people in various states. The company's Regulated Businesses provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. The company's Market-Based Businesses provide complementary home services primarily to residential and smaller commercial customers and water and wastewater services to the United States government on military installations, as well as municipalities, utilities and industrial customers.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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