St. Johns Investment Management Company LLC Has $340,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

St. Johns Investment Management Company LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,785 shares of the utilities provider’s stock after purchasing an additional 167 shares during the period. St. Johns Investment Management Company LLC’s holdings in American Water Works were worth $340,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after buying an additional 1,633,389 shares during the last quarter. Parsifal Capital Management LP purchased a new position in shares of American Water Works in the 4th quarter worth approximately $44,441,000. Corient Private Wealth LLC boosted its stake in shares of American Water Works by 10.5% in the 4th quarter. Corient Private Wealth LLC now owns 94,996 shares of the utilities provider’s stock worth $12,539,000 after buying an additional 9,005 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of American Water Works in the 4th quarter worth approximately $974,000. Finally, Humankind Investments LLC boosted its stake in shares of American Water Works by 4.9% in the 4th quarter. Humankind Investments LLC now owns 8,078 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 376 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 0.1 %

Shares of AWK stock opened at $129.51 on Thursday. The company’s fifty day simple moving average is $128.31 and its two-hundred day simple moving average is $125.59. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.85 and a quick ratio of 0.79. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $151.22. The stock has a market capitalization of $25.23 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.09 and a beta of 0.67.

American Water Works (NYSE:AWK) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American Water Works had a net margin of 22.27% and a return on equity of 9.74%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. During the same period in the previous year, the firm earned $0.91 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.24 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Tuesday, May 14th were issued a dividend of $0.765 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.71. The ex-dividend date was Monday, May 13th. This represents a $3.06 dividend on an annualized basis and a yield of 2.36%. American Water Works’s payout ratio is presently 62.07%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AWK. UBS Group boosted their target price on American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $141.33.

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.