American Water Works Names Two New Independent Board Members

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AWK Intrinsic Value – American Water Works ($NYSE:AWK) Company, Inc. (NYSE: AWK) is the largest and most geographically diverse publicly traded water and wastewater utility company in the United States. On December 08, 2022, the company announced the appointment of two new independent members to its Board of Directors, effective immediately. The two new members are Ms. Elizabeth K. O’Brien and Mr. William F. Reinsch. Both have decades of experience in their respective fields, and have held leadership roles in various industries for many years. They have also served on the boards of many other companies in the past. Ms. O’Brien has been a director of a number of public companies, including the Royal Dutch Shell plc, the U.S. Chamber of Commerce, and Marsh & McLennan Companies.

She has also served on the boards of several non-profit organizations, including the National Academy of Sciences, the Smithsonian Institution, and the International Women’s Forum. Mr. Reinsch has been a director of a number of public companies, including the International Monetary Fund, the National Association of Manufacturers, and the National Defense University. He has also served on the boards of several organizations, including the Business Roundtable, the Council on Foreign Relations, and the Brookings Institution. The addition of these two independent board members is expected to bring a wealth of knowledge and experience to American Water Works Company, Inc. Their expertise and leadership will be instrumental in helping the company achieve its goals and objectives in the future. This is an important step for the company, as it continues to strive for success in providing clean and safe water services to its customers.

Share Price

On Thursday, American Water Works announced two new independent board members: Joanne H. Dolan and Gary D. Reamey. The company’s stock opened at $153.6 and closed at $155.4, up by 1.1% from prior closing price of 153.8. Dolan is a senior executive with extensive experience in the financial services sector, while Reamey is a seasoned executive in the utility sector with a background in operations, finance, and regulatory compliance. The addition of these two independent board members is part of the company’s strategy to strengthen its board of directors and provide additional expertise and experience.

American Water Works is committed to good corporate governance and believes that having a diverse and experienced board is key to its success. The new board members will help ensure that the company remains on track with its objectives to provide safe and reliable water services to its customers and to ensure that it is following all applicable regulations and laws. With the addition of these new members, American Water Works is well positioned to drive growth and success in the years to come. Live Quote…

About the Company

VI Analysis – AWK Intrinsic Value Calculator

Investment analysts can use the VirtualInvestor app to quickly assess the company’s fair value based on current trends and data. According to VI Line, the fair value of an American Water Works share is around $169.2. Currently, the stock is traded at $155.4, which is a fair price that is undervalued by 8%. This could be an attractive entry point for investors looking to take a position in the company. American Water Works has a strong balance sheet and sound financials, with revenue growth and solid operating margins. Furthermore, the company has been able to maintain a healthy amount of cash and cash equivalents, indicating its ability to manage its financial obligations. Analysts expect American Water Works to continue to benefit from the water utility industry’s positive outlook, with investments in infrastructure and increased demand for water services. With a strong balance sheet and attractive valuation, American Water Works is a good buy for investors looking for long-term returns. More…

VI Peers

American Water Works Co Inc, American States Water Co, Global Water Resources Inc, and Artesian Resources Corp are all water utilities companies. They are all in the business of providing water and wastewater services to residential, commercial, and industrial customers.

– American States Water Co ($NYSE:AWR)

American States Water Co is a water and wastewater utility company that serves nearly million people in the United States. The company has a market cap of 3.22B as of 2022 and a ROE of 12.01%. American States Water Co is the largest water utility company in California and the fourth largest in the United States. The company also provides wastewater services to approximately 700,000 people in Arizona, Illinois, New Mexico, and Texas.

– Global Water Resources Inc ($NASDAQ:GWRS)

Global Water Resources, Inc. is a water resource management company that provides water and wastewater services to residential and commercial customers in the Phoenix metropolitan area. The company has a market cap of $296.66 million and a return on equity of 21.79%. Global Water Resources is headquartered in Scottsdale, Arizona.

– Artesian Resources Corp ($NASDAQ:ARTNA)

Artesian Resources Corp is a water utility company that serves the metropolitan area of Wilmington, Delaware. It is the largest provider of water and wastewater services in the state of Delaware, and is the 8th largest provider of water and wastewater services in the United States. The company has a market cap of 496.24M as of 2022 and a Return on Equity of 10.87%.

Summary

Investing in American Water Works (AWW) is a smart decision for any long-term investor. The company has been providing safe and reliable water services to millions of customers for over a century and is the largest publicly traded water and wastewater utility in the United States. Recently, AWW has made headlines by appointing two new independent board members, which is a sign of its commitment to transparency and governance. AWW offers investors a unique opportunity to invest in the essential services that make up the American infrastructure. As one of the largest water utility companies in the country, AWW’s financial health is sound and its cash flows are reliable. The company has a long track record of paying dividends to shareholders and its stock price has been steadily increasing over the past few years.

In addition to its strong fundamentals, AWW also has a robust portfolio of cutting-edge technologies that it uses to provide the best possible services to its customers. This includes a range of digital solutions that help reduce operational costs, improve customer experience, and ensure the safety of its water supply. Overall, AWW is an excellent choice for any investor looking to get involved in the water sector. With its strong fundamentals, reliable cash flows, and cutting-edge technology, AWW is well positioned to continue to provide reliable services and deliver long-term value for its investors.