Lokken Investment Group LLC Grows Position in American Water Works Company, Inc. (NYSE:AWK)

Lokken Investment Group LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,318 shares of the utilities provider’s stock after buying an additional 164 shares during the period. Lokken Investment Group LLC’s holdings in American Water Works were worth $1,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of American Water Works by 5.5% in the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock valued at $300,739,000 after acquiring an additional 125,128 shares during the period. Sovran Advisors LLC acquired a new position in shares of American Water Works in the fourth quarter valued at about $277,000. M&T Bank Corp increased its holdings in shares of American Water Works by 3.3% in the fourth quarter. M&T Bank Corp now owns 65,249 shares of the utilities provider’s stock valued at $8,123,000 after purchasing an additional 2,113 shares during the period. Czech National Bank raised its stake in shares of American Water Works by 6.5% in the fourth quarter. Czech National Bank now owns 42,257 shares of the utilities provider’s stock worth $5,261,000 after purchasing an additional 2,562 shares during the last quarter. Finally, PFW Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter worth about $1,783,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of NYSE AWK opened at $147.51 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The stock has a market capitalization of $28.76 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.80 and a beta of 0.69. The firm’s 50 day simple moving average is $133.54 and its 200-day simple moving average is $134.31. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $152.07.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.13 by $0.09. American Water Works had a net margin of 22.44% and a return on equity of 10.29%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. Analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

Analysts Set New Price Targets

AWK has been the topic of several research reports. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, March 19th. Wells Fargo & Company increased their price objective on shares of American Water Works from $133.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $141.86.

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.