5 Best Water Stocks To Buy

4. American Water Works Company, Inc. (NYSE:AWK)

Number of Hedge Fund Holders: 35

American Water Works Company, Inc. (NYSE:AWK) provides water and wastewater services in the United States. Its customer base includes residential, commercial, industrial, and public sector entities. American Water Works Company, Inc. (NYSE:AWK) operates water and wastewater treatment plants, pumping stations, and a significant network of transmission and distribution mains. It is one of the best water stocks to monitor. 

On November 1, American Water Works Company, Inc. (NYSE:AWK) reported a Q3 GAAP EPS of $1.66 and a revenue of $1.17 billion, falling in-line with market consensus. Additionally, the company is set to pay a $0.7075 per share quarterly dividend on December 1. 

According to Insider Monkey’s third quarter database, 35 hedge funds were bullish on American Water Works Company, Inc. (NYSE:AWK), compared to 34 funds in the last quarter. Ian Simm’s Impax Asset Management is the leading position holder in the company, with 5.6 million shares worth $695.85 million. 

ClearBridge Global Infrastructure Value Strategy made the following comment about American Water Works Company, Inc. (NYSE:AWK) in its Q4 2022 investor letter:

“Turning to the U.S. and Canada, U.S. electric utility PG&E and U.S. water company American Water Works Company, Inc. (NYSE:AWK) also made strong contributions. AWK provides water and wastewater utility services to customers across several states within the U.S. Shares did well after AWK announced the acquisition of a municipal facility, providing additional opportunities for growth.”