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MarketScreener Homepage  >  Equities  >  Nyse  >  American Water Works Company, Inc.    AWK

AMERICAN WATER WORKS COMPANY, INC.

(AWK)
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California American Water : Teams Up With State Legislators for “Operation Gobble”

11/23/2020 | 06:31pm EST

Company works with elected officials to make contributions to Local Non-profits

California American Water is working with state legislators across the state in areas where the company serves to make donations and other contributions to local non-profits as part of its 30th annual “Operation Gobble” program.

“Operation Gobble” is a joint charitable venture between California water companies and local state legislators that normally delivers thousands of turkeys to underprivileged families throughout the state during the Thanksgiving holiday. Introduced in 1990, the program pairs the local knowledge of elected officials with the resources of the private sector to benefit those in need within the areas the company serves.

Due the pandemic and social distancing restrictions, California American Water has changed its giving method to ensure donations are received safely. Working with state elected leaders, the company will provide donations to families in need. In addition, California American Water is making contributions to foodbanks and other nonprofits across the state.

“Instead of providing turkeys directly to recipients, we are using alternatives like direct donations and contributions to local nonprofits in the areas we serve,” said Evan Jacobs, California American Water’s Director of Regulatory Policy. “This will provide families the ability to acquire a complete Thanksgiving meal all while adhering to COVID safety protocols.”

California American Water is working with state elected leaders in Placer, Sacramento, Sonoma, Monterey County and Southern California to aid non-profits where the company serves a combined total of more than 680,000 customers.

“This annual program has taken on a new and urgent relevance against the backdrop of the pandemic,” Jacobs said. “Families, particularly in the communities we serve, have been hit hard by the historic job losses that affected the country. We are proud to be help out those in need.”

Millions of Californians lack sufficient resources to feed themselves on a regular basis. Many of these residents are low income families that will not be able to afford a Thanksgiving meal.

About California American Water: California American Water, a subsidiary of American Water (NYSE:AWK), provides high-quality and reliable water and/or wastewater services to more than 680,000 California residents. Information regarding California American Water’s service areas can be found on the company’s website www.californiaamwater.com.

About American Water: With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to more than 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.


© Business Wire 2020
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Financials (USD)
Sales 2020 3 807 M - -
Net income 2020 705 M - -
Net Debt 2020 10 105 M - -
P/E ratio 2020 41,3x
Yield 2020 1,33%
Capitalization 29 168 M 29 168 M -
EV / Sales 2020 10,3x
EV / Sales 2021 9,91x
Nbr of Employees 6 800
Free-Float 96,8%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 162,22 $
Last Close Price 160,91 $
Spread / Highest target 15,0%
Spread / Average Target 0,82%
Spread / Lowest Target -29,8%
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Managers and Directors
NameTitle
Walter J. Lynch President, CEO, Chief Operating Officer & Director
Karl F. Kurz Non-Executive Chairman
M. Susan Hardwick Chief Financial Officer & Executive Vice President
George F. MacKenzie Independent Director
Julia L. Johnson Independent Director