St. Johns Investment Management Company LLC Buys 105 Shares of American Water Works Company, Inc. (NYSE:AWK)

St. Johns Investment Management Company LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,231 shares of the utilities provider’s stock after buying an additional 105 shares during the period. St. Johns Investment Management Company LLC’s holdings in American Water Works were worth $402,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its stake in shares of American Water Works by 1.9% in the 3rd quarter. State Street Corp now owns 11,503,553 shares of the utilities provider’s stock valued at $1,682,280,000 after buying an additional 214,082 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of American Water Works by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 4,564,193 shares of the utilities provider’s stock valued at $665,163,000 after purchasing an additional 43,754 shares in the last quarter. Nordea Investment Management AB increased its position in shares of American Water Works by 5.5% during the 4th quarter. Nordea Investment Management AB now owns 2,418,102 shares of the utilities provider’s stock worth $300,739,000 after purchasing an additional 125,128 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in American Water Works by 6.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,245,306 shares of the utilities provider’s stock valued at $328,354,000 after buying an additional 143,914 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after buying an additional 1,321,320 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $121.86 on Friday. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $23.75 billion, a PE ratio of 24.13, a PEG ratio of 2.62 and a beta of 0.71. The stock’s fifty day simple moving average is $128.94 and its 200 day simple moving average is $136.94.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

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

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.