Best water stocks in the US market

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    Water is a necessity of life. The Human body itself is 70% water. Although it is such an important commodity, resources are scarce. Water utility companies are gaining a solid foothold in recent years, and consequently, investors are considering purchasing water stocks of those companies involved in the industry.
    Best water stocks to invest in
    Consolidated Water Company (CWCO)

    Consolidated Water Company (CWCO). The organization utilizes a desalination technique that provides water in places where naturally consumable water is scarce or vastly insufficient. CWCO has since developed to more than $76 million in yearly income.

    In CWCO’s transition from its second to its third Quarter Revenue, it’s water stocks have seen an expansion by 11.4% year by year to $17.7M, brought about by increments of $3.3 million in the administration section and $0.2 million in the assembling portion.

    Even after being affected by the covid-19 pandemic, Cash and cash equivalents at quarter-end stood at $38.2 million with a 2.2% Dividend Yield. It is one of the safest water stocks to purchase based on its high-profit margins.
    American States Water (AWR)

    American States Water is a utility service company with two specialty units: Utilities (primary water, some electricity) and Services (wastewater administrations on a few US army installations), thereby maintaining a safe revenue stream.

    American States Water reported its fourth-quarter earnings results on February 22nd, 2021. A Completely diluted earnings-per-share expanded from $0.45 in Q4 2019 to $0.54 in Q4 2020, while earnings for the final quarter developed by 9.9% to $124.2 long term over year.

    The company’s water stocks continue well despite the COVID-19 crisis due to its stable business model with a dividend yield of 1.9%. It is the safest water stock considering its connection to the US army.
    Ecolab Inc. (ECL)

    Ecolab’s water stocks lead the industry and generate annual sales of roughly $15 billion. It operates three primary business segments: Global Industrial, Global Institutional, and Global Energy. In mid-February of 2021, Ecolab reported financial results for the fourth quarter of fiscal 2020.

    Not dissimilar to the previous fiscal quarters, Ecolab’s healthcare segment benefitted from the pandemic, but it burdened the industrial and institutional segment. An adjusted revenue decrease of 6%, and an adjusted earnings-per-share decrease of 15% in the fourth quarter with a dividend yield of 0.9% has been observed.

    Although adversely affected, Ecolab water stocks expected to turn it around in the next quarter.
    A.O. Smith (AOS)

    A.O. Smith made public its fourth-quarter earnings results in January. The company claims to have generated revenue worth $830 million during that quarter, which represented an increase of 11% compared to last year. A.O. Smith’s revenues were seen to rise by 7% in North America and even higher in the rest of the world, which essentially implies the China region.

    During the fourth quarter, $0.74 earnings-per-share was up by a relatively large 31% on an annual basis, from $0.56 during the previous year’s fourth quarter. Currently, the Dividend Yield is 1.6%.

    A.O. Smith has also issued guidelines for the fiscal year of 2021. The company has forecasting earnings-per-share in a range of $2.40 and $2.50, which might prompt a profitable purchase of water stocks.
    Pentair plc (PNR)

    Pentair spun off its Technical Solutions segment and now operates as a pure-play water solutions company operating in 3 segments: Aquatic Systems, Filtration Solutions, and Flow Technologies.

    Pentair reported its fourth-quarter earnings results in January as well. Quarterly revenue of $800 million increased on a 5% year-over-year basis. Core sales, excluding the impact of currency rate fluctuations, acquisitions, and divestitures rose by 3% in this quarter.

    Pentair reported earnings-per-share of $0.70 for the fourth quarter, which increased by 3% year over year, despite the pandemic and subsequent financial crisis. The Dividend Yield stands at 1.3%. Pentair managed to deliver earnings-per-share of $2.50 for fiscal 2020, up 5% from 2019.

    This was a surprisingly steady performance, taking into consideration the pandemic and its effect. For fiscal year 2021, Pentair has predicted earnings-per-share in a range of $2.60 to $2.75 after carefully considering water stock investment trends in the fiscal year 2021.
    Conclusion

    Most water stocks in the above-discussed list are members of the Dividend Aristocrats, given their long-standing safe and profitable rates. Although none of them were left untouched by the covid-19 pandemic, they still maintained a good position in the stock market, and the forecasts suggest a profitable earring in these water stocks.

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