American Water Works Company, Inc. $AWK Shares Acquired by Lantz Financial LLC

Key Points

• Lantz Financial LLC increased its stake in American Water Works Company by 72.5% in Q2, now holding 13,305 shares worth approximately $1.85 million.
• Institutional investors own 86.58% of American Water Works stock, with notable increases from firms like Price T Rowe Associates and GAMMA Investing.
• Analysts have varying price targets for the stock, with a consensus rating of "Reduce" and an average target price of $141.13, indicating mixed sentiment on its future performance.

Lantz Financial LLC grew its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 72.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,305 shares of the utilities provider's stock after acquiring an additional 5,594 shares during the quarter. Lantz Financial LLC's holdings in American Water Works were worth $1,851,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Advisors increased its holdings in shares of American Water Works by 33.4% in the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock valued at $1,431,000 after purchasing an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after purchasing an additional 2,570 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of American Water Works by 2.2% in the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock valued at $1,556,000 after purchasing an additional 229 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of American Water Works by 21.5% in the first quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock valued at $1,135,000 after purchasing an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Barclays cut their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. UBS Group cut their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company cut their target price on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Mizuho increased their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $141.13.

American Water Works Trading Down 0.3%

Shares of NYSE AWK traded down $0.37 during trading on Friday, reaching $135.02. The stock had a trading volume of 2,660,203 shares, compared to its average volume of 999,788. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The business's 50-day moving average price is $141.96 and its 200-day moving average price is $142.63. The company has a market cap of $26.34 billion, a P/E ratio of 24.33, a PEG ratio of 3.20 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The company's quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's payout ratio is presently 59.64%.

American Water Works Company 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.