American Water Works (AWK) Stock May Be 16% Overvalued As Black Mountain Deal Closes

American Water Works Company has delivered a 19.9% share price gain over the past three years, while also paying a regular dividend. With the stock last closing at US$131.71, the immediate question for income focused investors is whether that price can be supported by the future dividend stream. A 19.9% return over three years puts real weight on the question of how much value American Water Works Company’s dividend stream can justify on its own. Recent moves such as the Black Mountain...