Crow Point Partners LLC Buys New Holdings in American States Water Company (NYSE:AWR)

Crow Point Partners LLC acquired a new stake in shares of American States Water Company (NYSE:AWR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,733 shares of the utilities provider’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS Asset Management Americas Inc. grew its position in shares of American States Water by 52.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,975 shares of the utilities provider’s stock worth $1,195,000 after acquiring an additional 9,274 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in American States Water during the 1st quarter valued at approximately $140,000. Mason Street Advisors LLC boosted its position in American States Water by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,555 shares of the utilities provider’s stock valued at $379,000 after purchasing an additional 564 shares during the period. Envestnet Asset Management Inc. boosted its position in American States Water by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,280 shares of the utilities provider’s stock valued at $235,000 after purchasing an additional 450 shares during the period. Finally, Victory Capital Management Inc. raised its stake in American States Water by 42.8% during the 1st quarter. Victory Capital Management Inc. now owns 15,918 shares of the utilities provider’s stock valued at $705,000 after acquiring an additional 4,774 shares in the last quarter. Hedge funds and other institutional investors own 65.25% of the company’s stock.

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AWR has been the topic of several recent analyst reports. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Wells Fargo & Company boosted their price objective on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.00.

Shares of American States Water Company (NYSE AWR) traded up 0.6565% on Friday, reaching $54.5558. The company’s stock had a trading volume of 65,347 shares. The company has a 50 day moving average price of $51.78 and a 200 day moving average price of $48.52. The company has a market cap of $2.00 billion, a P/E ratio of 29.4419 and a beta of 0.45. American States Water Company has a 52-week low of $38.21 and a 52-week high of $56.31.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. American States Water’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, analysts anticipate that American States Water Company will post $1.70 earnings per share for the current fiscal year.

In related news, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert J. Sprowls sold 9,586 shares of American States Water stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total transaction of $488,981.86. Following the transaction, the chief executive officer now directly owns 111,454 shares of the company’s stock, valued at $5,685,268.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,605 shares of company stock worth $1,572,067. Corporate insiders own 1.49% of the company’s stock.

American States Water Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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