American Water Works (AWK) is the largest water utility by market capitalization, which is currently $14 billion. The next largest competitor is half its size. Out of 14 industry members, AWK has the 6th highest PE (25.86), the 7th highest forward PE (22.42), and the 9th highest dividend (currently yielding 2.10%).
Like other utilities, water utilities have been decreasing for the last few months as interest rates have increased:
AWK's chart shows it is in a downtrend as well:
Prices are now below the 200-day EMA as well as the shorter EMAs (the 10-, 20-, and 50-day). Momentum is negative but rising. According to the wider Bollinger Bands, overall volatility is higher.
