American Water Charitable Foundation Awards Workforce Readiness Grants to Two Kentucky Organizations
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 1 hour ago
0mins
Source: PRnewswire
- Grant Program Launch: The American Water Charitable Foundation has initiated its Keep Communities Flowing Grant Program by awarding Workforce Readiness grants to two nonprofit organizations in Kentucky, aimed at enhancing community career skills and life capabilities.
- Educational Program Support: The Kentucky Chamber Foundation received funding for the Educator's Guide to Industry and Leadership Institute for School Principals programs, which help educators connect with local industries, thereby strengthening the link between education and the job market.
- Vocational Training Innovation: DV8 Kitchen Vocational Training Foundation received support for its Speaking for a Purpose program, designed to provide second-chance employees with public speaking skills, thereby enhancing their employability.
- Community Impact Enhancement: Kentucky American Water's president noted that these grants will support community programming and services across multiple counties, with expected positive impacts on the development of future leaders.
AWK.N$0.0000%Past 6 months

No Data
Analyst Views on AWK
Wall Street analysts forecast AWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWK is 136.17 USD with a low forecast of 117.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast AWK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AWK is 136.17 USD with a low forecast of 117.00 USD and a high forecast of 155.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Current: 129.500

Current: 129.500

upgrade
$114 -> $124
Reason
Jefferies upgraded American Water to Hold from Underperform with a price target of $124, up from $114. The firm says the stock's valuation now better reflects the company's fundamentals after the 10% post-merger pullback.
downgrade
$47 -> $44
Reason
Jefferies downgraded Essential Utilities (WTRG) to Hold from Buy with a price target of $44, down from $47, after the announcement of a merger with American Water (AWK). The 10% headline premium is "one of the lower premium deals in memory for a non merger of equals," the analyst tells investors.
Wells Fargo
Shahriar Pourreza
Equal Weight
initiated
$142
Reason
Wells Fargo
Shahriar Pourreza
Wells Fargo analyst Shahriar Pourreza initiated coverage of American Water with an Equal Weight rating and $142 price target. The firm launched coverage of the powers and utilities group with 19 Overweights and 14 Equal Weights. Wells prefers names where with growth prospects "actually driving earnings higher" or stocks that are trading at valuation levels "not necessarily reflecting fundamentals." Wells added Constellation (CEG) to its "Best Idea List" for power and Sempra (SRE) to its "Best Idea List" for utilities. Utilities are "materially undervalued" as a "perfect storm of tailwinds" is hitting the group that is much more structural in nature than cyclical, contends the firm.
TD Cowen initiated coverage of American Water with a Hold rating and $155 price target.
About AWK
American Water Works Company, Inc. is a water and wastewater utility company. The Company's primary business involves the ownership of utilities that provide water and wastewater services to residential, commercial, industrial, public authority, fire service and sale for resale customers. It also operates other businesses that provide water and wastewater services to the United States government on military installations, as well as municipalities. The Company operates its business through the Regulated Businesses segment. The Regulated Businesses segment includes subsidiaries that provide water and wastewater services to customers in approximately 14 states. The Company's utilities operate in states such as Pennsylvania, Georgia, Hawaii, Indiana, Iowa, Kentucky, Maryland, Tennessee, Virginia and West Virginia. The Company also serves commercial customers, fire service customers, industrial customers, public authorities, other utilities and community water and wastewater systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.