American Water Works Posts Strong Growth at Market-Based Segment
We are increasing our fair value estimate for American Water Works to $83 from $82 per share after the company reported strong 2018 third-quarter earnings driven by exceptional growth at its market-based segment. Adjusted EPS for the recently ended quarter was $1.20 versus $1.08 in the same period last year with the unregulated segment contributing an incremental $0.05 per share, or 71%, over the same period last year. ÂAmerican Water narrowed its 2018 adjusted EPS guidance to $3.27-$3.32, the ...
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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