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Is American Water Works Company, Inc. (AWK) the Best Water Stock to Buy According to Hedge Funds?

The article from MSN Money discusses whether American Water Works Company Inc. (AWK) is the best water stock to buy, based on hedge fund investments. It highlights that while AWK has seen a slight decrease in hedge fund ownership, it still ranks among the top water stocks due to its significant market presence and infrastructure. The piece notes that despite a 1.3% drop in hedge fund stakes in the last quarter, AWK remains a favorite due to its essential service in providing water and wastewater services, which are critical and less susceptible to economic downturns. The article also mentions other water stocks like Essential Utilities Inc. (WTRG) and California Water Service Group (CWT), but emphasizes AWK's strong position due to its size and the necessity of its services. Additionally, it provides insights into the broader investment landscape, suggesting that water stocks could be a safe haven in volatile markets.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/is-american-water-works-company-inc-awk-the-best-water-stock-to-buy-according-to-hedge-funds/ar-AA1A2XuY ]