Lantz Financial LLC Takes Position in American Water Works Company, Inc. (NYSE:AWK)

Lantz Financial LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,076 shares of the utilities provider’s stock, valued at approximately $1,005,000.

Several other hedge funds have also recently bought and sold shares of AWK. Pacer Advisors Inc. lifted its holdings in American Water Works by 4.8% during the 2nd quarter. Pacer Advisors Inc. now owns 13,812 shares of the utilities provider’s stock worth $1,784,000 after buying an additional 635 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in American Water Works by 49.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 33,029 shares of the utilities provider’s stock worth $4,266,000 after acquiring an additional 10,994 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of American Water Works by 60.5% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 37,312 shares of the utilities provider’s stock valued at $4,819,000 after purchasing an additional 14,066 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of American Water Works by 55.1% in the 2nd quarter. Toronto Dominion Bank now owns 112,390 shares of the utilities provider’s stock valued at $14,516,000 after purchasing an additional 39,920 shares in the last quarter. Finally, AXA S.A. lifted its position in shares of American Water Works by 12.2% during the 2nd quarter. AXA S.A. now owns 296,056 shares of the utilities provider’s stock worth $38,239,000 after purchasing an additional 32,173 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $121.67 on Friday. The stock has a market cap of $23.71 billion, a P/E ratio of 24.09, a P/E/G ratio of 2.62 and a beta of 0.71. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $150.68. The stock has a 50 day moving average of $128.48 and a two-hundred day moving average of $136.78. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be given a $0.765 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.51%. American Water Works’s dividend payout ratio (DPR) is 60.59%.

Analyst Ratings Changes

Several research firms recently commented on AWK. Wells Fargo & Company raised American Water Works from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on American Water Works in a research note on Monday, October 7th. They set an “underperform” rating and a $124.00 target price for the company. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $151.00 to $155.00 in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $141.00.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.