American Water Works Q4 Earnings Cap Off a Solid Year
American Water Works (NYSE: AWK) on Wednesday released strong fourth-quarter 2020 results that capped off a solid year.
Shares of the U.S. water utility giant fell 2.9% on Thursday. That decline is probably in large part attributable to market dynamics. The S&P 500 was down 1.9% on Thursday, and many dividend stocks that are viewed as safe havens -- including those of utilities -- have recently pulled back due to fears of inflation and rising bond yields.
In 2021, American Water stock has returned negative 7.2%, while the S&P 500 has returned 1.7%. Long-term investors shouldn't be fazed by short-term price gyrations. The stock is still a solid outperformer over the medium and longer terms.
Source Fool.com
