Utility Sector Ideas

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>>> American Water Works Co. (AWK), the largest publicly traded U.S. water utility, boosted third-quarter profit after completing four acquisitions.

Net income from continuing operations gained 4.5 percent to $156.6 million, or 87 cents a share, compared with a year ago, the Voorhees, New Jersey-based company said today in a statement. Revenue increased 2.9 percent to $846.2 million.

American Water added about 2,200 customers through its four acquisitions in the quarter and received the company’s 11th military base contract, according to the statement.

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http://www.bloomberg.com/news/2014-11-06/american-water-quarterly-income-advances-with-four-acquisitions.html?cmpid=yhoo