American Water Works Co Inc

AWK: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$338.00	Bknybn	Cjlzdfpzl

American Water Works Earnings: Regulatory Execution Aids Strong Results

Andrew Bischof

Jul 27, 2023

We are reaffirming our $136 per share fair value estimate after American Water Works reported second-quarter operating earnings of $1.44 per share compared with $1.20 in the same year-ago period. Management reaffirmed its 2023 earnings guidance of $4.72 to $4.82, in line with our expectations. Management also reaffirmed its long-term outlook for 7%-9% earnings growth and dividend growth, which we expect the company to achieve the midpoint. Our narrow moat rating remains unchanged.

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