Lantz Financial LLC Purchases New Shares in American Water Works Company, Inc. (NYSE:AWK)

Lantz Financial LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 8,076 shares of the utilities provider’s stock, valued at approximately $1,005,000.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $133.00 to $129.00 in a research note on Tuesday, January 7th. Jefferies Financial Group started coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 price target on the stock. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Mizuho cut shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $141.00.

American Water Works Stock Down 0.1 %

NYSE AWK opened at $121.67 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21. The business’s fifty day simple moving average is $128.48 and its 200-day simple moving average is $136.78. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The firm has a market cap of $23.71 billion, a PE ratio of 24.09, a P/E/G ratio of 2.62 and a beta of 0.71.

American Water Works Dividend Announcement

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

American Water Works Profile

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.