<p>水务公司等公用事业行业受到高度监管。这通常使得寻求增长的投资者寻找其他选择。但在过去几年中，几个催化因素使得水基础设施股票成为有吸引力的增长目标。</p>
<p>长期的案例始于本十年初。在其 2025 年基础设施报告卡中，美国土木工程师学会对美国水基础设施的评分在 C-到 D 之间。升级始于 2021 年《基础设施投资和就业法案》（IIJA）的通过，该法案在五年内为饮用水和废水相关基础设施分配了 500 亿美元。</p>
<p>获取 <strong>American Water Works</strong> 的提醒：</p>
<p>这笔支出正在减少。然而，在 2026 年 3 月 17 日，美国内政部宣布为六个西部州的关键水基础设施项目提供额外的 8.89 亿美元资金，称这笔资金得益于《一项美丽的大法案》。</p>
<p>行业整合正在重塑水务行业。许多小型公用事业缺乏必要的资本进行升级，推动私人投资进入水务和废水系统。美国有超过 50,000 个社区水系统和 16,000 个废水处理设施，这一趋势还有继续发展的空间。</p>
<p>一个更传统的催化因素来自于允许水务公司在没有竞争的情况下运营的监管费率结构。这些公司还受益于自 2024 年秋季以来更加宽松的利率政策。</p>
<h2>American Water Works：费率基础增长与整合主题</h2>
<p>American Water Works NYSE: AWK 是美国最大的上市水务公司之一。</p>
<p>该公司是一个很好的例子，说明了如何从多个水基础设施催化因素中受益。</p>
<p>首先，American Water Works 的受监管业务的费率基础以 6% 到 8% 的复合年增长率（CAGR）增长。这意味着州批准的资本投资推动收入增长，几乎直接流入收益。该公司预计 2026 年全年的每股收益（EPS）为 6.02 美元至 6.12 美元，低端同比增长 5%。</p>
<p>American Water Works 是行业整合的一个例子，其计划以 191 亿美元收购 Essential Utilities，预计将在 2027 年完成。</p>
<p>这种增长尚未在 AWK 中显现，过去 12 个月股价下跌超过 12%。但分析师预测收益增长为 9.8%。</p>
<p>在投资者等待这一增长的同时，他们将获得连续 18 年增加的股息，并且在过去五年中平均年增长率超过 8%。</p>
<h2>Essential Utilities：具有 33 年股息记录的并购机会</h2>
<p>如前所述，Essential Utilities NYSE: WTRG 将在明年被 American Water Works 收购，形成一家将在 17 个州为超过 2000 万人提供服务的公司，合并后的费率基础接近 340 亿美元。该并购在 2026 年 4 月获得肯塔基州监管机构的批准，两家公司股东的投票在 2 月时也获得了压倒性通过。</p>
<p>然而，在投资者等待该交易完成的同时，Essential Utilities 仍在独立运营，并且表现良好。2026 年第一季度收入同比增长 10%，公司确认了全年的前景。</p>
<p>另一个值得关注的原因是股息。Essential Utilities 已连续 32 年提高其分红。这一记录经历了经济衰退、费率周期，现在又面临即将到来的企业并购。当前股息收益率约为 3.5%，并购后每股收益增长目标为每年 7% 至 9%，Essential Utilities 为投资者提供了一个在等待中拥有明确催化剂和收入的罕见组合。</p>
<h2>Xylem：水现代化的技术角度</h2>
<p>Xylem NYSE: XYL 不是传统意义上的水务公司。相反，该公司制造保持水务公司运营的工具。</p>
<p>Xylem 生产泵、处理系统、智能水表和数据分析平台，水务公司用它们来移动、监测和清洁水。这使其与受监管的垄断企业有所不同。它在水基础设施支出增长时也会增长，而不会受到费率案件的滞后影响。</p>
<p>数字证明了这一点。该公司在 2025 年实现了 90 亿美元的创纪录全年收入，调整后的每股收益同比增长 19%。在 2026 年第一季度，报告的每股收益又增长了 14%，管理层预计 2026 年调整后的每股收益为 5.35 美元至 5.60 美元，息税折旧摊销前利润率将扩大最多 110 个基点。</p>
<p>XYL 从高点回落了大约 20%，主要是由于谨慎的收入增长前景和一些亚太地区的逆风。但对于希望在不拥有公用事业的情况下接触结构性水基础设施建设的投资者来说，XYL 的回调似乎提供了一个有吸引力的入场点。</p>
<h2>你现在应该投资 1000 美元在 American Water Works 吗？</h2>
<p>在考虑投资 American Water Works 之前，你需要听听这个。</p>
<p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每天推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐现在购买，以便在更广泛的市场注意到之前……而 American Water Works 并不在名单上。</p>
<p>虽然 American Water Works 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>查看这五只股票</p>

美国水业

赛莱默

WTRG

标普全球水资源指数 ETF - Invesco

水资源 ETF - First Trust

环球水资源 ETF - Invesco

AQWA

水资源 ETF - PowerShares

<p>联邦支出、行业整合和监管定价结构正在推动水务基础设施股票的增长，如美国水业（American Water Works，AWK）、Essential Utilities（WTRG）和赛莱默（Xylem，XYL）。基础设施投资和就业法案为水务基础设施分配了 500 亿美元，并在 2026 年宣布了额外资金。AWK 计划收购 WTRG，从而增强其市场影响力。赛莱默作为一家支持水务公司的科技公司，报告了强劲的收入增长。尽管近期股价有所下跌，投资者仍然被这些股票的增长潜力和稳定的股息所吸引</p>

<p>Utilities like water companies are highly regulated industries. This usually keeps growth-oriented investors looking for other options. But in the last few years, several catalysts have made water infrastructure stocks attractive growth targets.</p>
<div class="lb-trans"><p>水务公司等公用事业行业受到高度监管。这通常使得寻求增长的投资者寻找其他选择。但在过去几年中，几个催化因素使得水基础设施股票成为有吸引力的增长目标。</p>
</div><p>The long-term case started earlier this decade. In its 2025 infrastructure report card, the American Society of Civil Engineers gave the United States water infrastructure grades ranging from a C- to a D. The upgrades began with the passage of the Infrastructure Investment and Jobs Act (IIJA) in 2021, which allocated $50 billion over five years for drinking water and wastewater-related infrastructure.</p>
<div class="lb-trans"><p>长期的案例始于本十年初。在其 2025 年基础设施报告卡中，美国土木工程师学会对美国水基础设施的评分在 C-到 D 之间。升级始于 2021 年《基础设施投资和就业法案》（IIJA）的通过，该法案在五年内为饮用水和废水相关基础设施分配了 500 亿美元。</p>
</div><p>Get <strong>American Water Works</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>American Water Works</strong> 的提醒：</p>
</div><p>That spending is winding down. However, on March 17, 2026, the U.S. Department of the Interior announced an additional $889 million for critical water infrastructure projects across six Western states, saying the funding was made possible by the One Big Beautiful Bill Act.</p>
<div class="lb-trans"><p>这笔支出正在减少。然而，在 2026 年 3 月 17 日，美国内政部宣布为六个西部州的关键水基础设施项目提供额外的 8.89 亿美元资金，称这笔资金得益于《一项美丽的大法案》。</p>
</div><p>Industry consolidation is reshaping the water utility sector. Many smaller utilities lack the capital necessary for upgrades, driving private investment into water utilities and wastewater systems. With over 50,000 community water systems and 16,000 wastewater treatment facilities, this trend has room to continue.</p>
<div class="lb-trans"><p>行业整合正在重塑水务行业。许多小型公用事业缺乏必要的资本进行升级，推动私人投资进入水务和废水系统。美国有超过 50,000 个社区水系统和 16,000 个废水处理设施，这一趋势还有继续发展的空间。</p>
</div><p>A more conventional catalyst comes from a regulated rate structure that allows water utilities to run their business without competition. The companies are also getting a tailwind from an interest rate policy that has been more accommodative since the fall of 2024.</p>
<div class="lb-trans"><p>一个更传统的催化因素来自于允许水务公司在没有竞争的情况下运营的监管费率结构。这些公司还受益于自 2024 年秋季以来更加宽松的利率政策。</p>
</div><h2>American Water Works: Rate-Base Growth to a Consolidation Theme</h2>
<div class="lb-trans"><h2>American Water Works：费率基础增长与整合主题</h2>
</div><p>American Water Works NYSE: AWK is one of the largest publicly traded water utility companies in the United States.</p>
<div class="lb-trans"><p>American Water Works NYSE: AWK 是美国最大的上市水务公司之一。</p>
</div><p>The company is a good example of a company that’s benefiting from multiple catalysts in water infrastructure.</p>
<div class="lb-trans"><p>该公司是一个很好的例子，说明了如何从多个水基础设施催化因素中受益。</p>
</div><p>For starters, American Water Works’ regulated business has a rate base that is growing at a compound annual growth rate (CAGR), between 6% and 8%. That means state-approved capital investments drive revenue increases, which flow almost directly to earnings. The company is guiding to full-year 2026 earnings per share (EPS) of $6.02 to $6.12, a 5% year-over-year (YOY) gain at the low end.</p>
<div class="lb-trans"><p>首先，American Water Works 的受监管业务的费率基础以 6% 到 8% 的复合年增长率（CAGR）增长。这意味着州批准的资本投资推动收入增长，几乎直接流入收益。该公司预计 2026 年全年的每股收益（EPS）为 6.02 美元至 6.12 美元，低端同比增长 5%。</p>
</div><p>American Water Works is an example of industry consolidation, with its planned $19.1 billion acquisition of Essential Utilities expected to close in 2027.</p>
<div class="lb-trans"><p>American Water Works 是行业整合的一个例子，其计划以 191 亿美元收购 Essential Utilities，预计将在 2027 年完成。</p>
</div><p>That growth isn’t showing up yet in AWK, which is down over 12% in the last 12 months. But analysts are forecasting 9.8% earnings growth.</p>
<div class="lb-trans"><p>这种增长尚未在 AWK 中显现，过去 12 个月股价下跌超过 12%。但分析师预测收益增长为 9.8%。</p>
</div><p>While investors wait on that growth, they’ll collect a dividend that has increased for 18 consecutive years and has been increasing at an average annual rate of over 8% in the last five years.</p>
<div class="lb-trans"><p>在投资者等待这一增长的同时，他们将获得连续 18 年增加的股息，并且在过去五年中平均年增长率超过 8%。</p>
</div><h2>Essential Utilities: A Merger Play With a 33-Year Dividend Streak</h2>
<div class="lb-trans"><h2>Essential Utilities：具有 33 年股息记录的并购机会</h2>
</div><p>As previously mentioned, Essential Utilities NYSE: WTRG is being acquired by American Water Works next year, creating a company that will serve over 20 million people across 17 states with a combined rate base approaching $34 billion. The merger received Kentucky regulatory approval in April 2026, and shareholder votes from both companies passed overwhelmingly in February.</p>
<div class="lb-trans"><p>如前所述，Essential Utilities NYSE: WTRG 将在明年被 American Water Works 收购，形成一家将在 17 个州为超过 2000 万人提供服务的公司，合并后的费率基础接近 340 亿美元。该并购在 2026 年 4 月获得肯塔基州监管机构的批准，两家公司股东的投票在 2 月时也获得了压倒性通过。</p>
</div><p>However, while investors wait for that deal to close, Essential Utilities is still operating on its own and doing it well. Q1 2026 revenue rose 10% YOY, and the company affirmed its full-year outlook.</p>
<div class="lb-trans"><p>然而，在投资者等待该交易完成的同时，Essential Utilities 仍在独立运营，并且表现良好。2026 年第一季度收入同比增长 10%，公司确认了全年的前景。</p>
</div><p>The other reason to pay attention is the dividend. Essential Utilities has raised its payout for 32 consecutive years. That’s a streak that's survived recessions, rate cycles, and now a pending corporate merger. With a current yield of around 3.5% and a post-merger EPS growth target of 7% to 9% annually, Essential Utilities offers investors a rare combination of a company with a defined catalyst ahead and income while you wait.</p>
<div class="lb-trans"><p>另一个值得关注的原因是股息。Essential Utilities 已连续 32 年提高其分红。这一记录经历了经济衰退、费率周期，现在又面临即将到来的企业并购。当前股息收益率约为 3.5%，并购后每股收益增长目标为每年 7% 至 9%，Essential Utilities 为投资者提供了一个在等待中拥有明确催化剂和收入的罕见组合。</p>
</div><h2>Xylem: The Tech Angle on Water Modernization</h2>
<div class="lb-trans"><h2>Xylem：水现代化的技术角度</h2>
</div><p>Xylem NYSE: XYL isn't a water utility in the traditional sense. Rather, the company builds tools that keep water utilities running.</p>
<div class="lb-trans"><p>Xylem NYSE: XYL 不是传统意义上的水务公司。相反，该公司制造保持水务公司运营的工具。</p>
</div><p>Xylem makes pumps, treatment systems, smart meters, and data analytics platforms that utilities use to move, monitor, and clean water. That positions it differently from regulated monopolies. It grows when water infrastructure spending grows, without the rate-case lag.</p>
<div class="lb-trans"><p>Xylem 生产泵、处理系统、智能水表和数据分析平台，水务公司用它们来移动、监测和清洁水。这使其与受监管的垄断企业有所不同。它在水基础设施支出增长时也会增长，而不会受到费率案件的滞后影响。</p>
</div><p>The numbers back that up. The company posted record full-year 2025 revenue of $9 billion, with adjusted EPS up 19% YOY. In Q1 2026, EPS rose another 14% on a reported basis, and management is guiding for 2026 adjusted EPS of $5.35 to $5.60, with EBITDA margins expanding by up to 110 basis points.</p>
<div class="lb-trans"><p>数字证明了这一点。该公司在 2025 年实现了 90 亿美元的创纪录全年收入，调整后的每股收益同比增长 19%。在 2026 年第一季度，报告的每股收益又增长了 14%，管理层预计 2026 年调整后的每股收益为 5.35 美元至 5.60 美元，息税折旧摊销前利润率将扩大最多 110 个基点。</p>
</div><p>XYL has pulled back roughly 20% from its highs, largely on a cautious revenue growth outlook and some Asia-Pacific headwinds. But for investors who want exposure to the structural water infrastructure buildout without owning a utility, XYL's pullback looks like it’s offering an attractive entry point.</p>
<div class="lb-trans"><p>XYL 从高点回落了大约 20%，主要是由于谨慎的收入增长前景和一些亚太地区的逆风。但对于希望在不拥有公用事业的情况下接触结构性水基础设施建设的投资者来说，XYL 的回调似乎提供了一个有吸引力的入场点。</p>
</div><h2>Should You Invest $1,000 in American Water Works Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在 American Water Works 吗？</h2>
</div><p>Before you consider American Water Works, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑投资 American Water Works 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Water Works wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 跟踪华尔街顶级评级和表现最佳的研究分析师及其每天推荐给客户的股票。MarketBeat 已识别出五只股票，顶级分析师正在悄悄地向客户推荐现在购买，以便在更广泛的市场注意到之前……而 American Water Works 并不在名单上。</p>
</div><p>While American Water Works currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 American Water Works 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>查看这五只股票</p>
</div>

Water Infrastructure: Why This Boring Sector Could Get Exciting

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Essential Utilities

Global X Clean Water ETF

水基础设施：为什么这个看似乏味的行业可能会变得令人振奋