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

Lantz Financial LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,076 shares of the utilities provider's stock, valued at approximately $1,005,000.

Several other hedge funds also recently modified their holdings of the business. Lake Street Advisors Group LLC grew its stake in American Water Works by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 1,858 shares of the utilities provider's stock valued at $272,000 after acquiring an additional 75 shares during the period. IHT Wealth Management LLC boosted its stake in shares of American Water Works by 1.2% during the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider's stock worth $938,000 after buying an additional 76 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in American Water Works by 2.9% during the third quarter. Miracle Mile Advisors LLC now owns 2,790 shares of the utilities provider's stock worth $408,000 after acquiring an additional 79 shares in the last quarter. Invesco LLC increased its holdings in American Water Works by 3.4% during the third quarter. Invesco LLC now owns 2,467 shares of the utilities provider's stock worth $361,000 after buying an additional 82 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider's stock worth $54,000 after purchasing an additional 89 shares during the period. Institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the topic of several research analyst reports. Mizuho cut shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their price target for the company from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an "underperform" rating and a $124.00 price target for the company. UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and increased their price target for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised American Water Works from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $133.00 to $129.00 in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $141.00.

American Water Works Price Performance

Shares of American Water Works stock traded down $0.14 during trading on Friday, reaching $121.67. 786,291 shares of the company's stock were exchanged, compared to its average volume of 829,488. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works Company, Inc. has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a market cap of $23.71 billion, a P/E ratio of 24.09, a PEG ratio of 2.62 and a beta of 0.71. The firm's 50-day moving average price is $128.48 and its 200 day moving average price is $136.78.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Stockholders of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.51%. American Water Works's payout ratio is currently 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.