Teachers Advisors LLC lifted its position in American States Water Company (NYSE:AWR) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,224 shares of the utilities provider’s stock after acquiring an additional 2,329 shares during the period. Teachers Advisors LLC owned approximately 0.18% of American States Water worth $3,092,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of American States Water by 85.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 1,196 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in shares of American States Water in the 1st quarter valued at approximately $140,000. IndexIQ Advisors LLC acquired a new stake in shares of American States Water in the 2nd quarter valued at approximately $166,000. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of American States Water in the 2nd quarter valued at approximately $208,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of American States Water in the 2nd quarter valued at approximately $213,000. Institutional investors and hedge funds own 65.25% of the company’s stock.
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In related news, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction on Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the completion of the sale, the director now owns 48,963 shares in the company, valued at $1,809,182.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Denise L. Kruger sold 1,250 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.43, for a total value of $61,787.50. Following the sale, the insider now owns 11,947 shares of the company’s stock, valued at approximately $590,540.21. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $1,572,067 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.
American States Water Company (AWR) opened at 54.20 on Friday. The company has a market capitalization of $1.99 billion, a PE ratio of 29.25 and a beta of 0.45. The stock’s 50 day moving average is $51.78 and its 200 day moving average is $48.52. 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. American States Water’s revenue was up 1.1% compared to the same quarter last year. Analysts predict that American States Water Company will post $1.70 EPS for the current fiscal year.
A number of analysts recently issued reports on AWR shares. Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Monday. Wells Fargo & Company raised their price target on shares of 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. BidaskClub raised shares of American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $51.00.
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).
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