American States Water Company (NYSE:AWR) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. grew its position in American States Water Company (NYSE:AWR) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,768,089 shares of the utilities provider’s stock after purchasing an additional 74,002 shares during the period. Vanguard Group Inc. owned about 10.29% of American States Water worth $178,644,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake 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 purchasing an additional 1,196 shares in the last quarter. Bruderman Asset Management LLC bought a new stake in American States Water during the 2nd quarter worth about $127,000. Ameritas Investment Partners Inc. bought a new stake in American States Water during the 1st quarter worth about $140,000. IndexIQ Advisors LLC bought a new stake in American States Water during the 2nd quarter worth about $166,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in American States Water during the 2nd quarter worth about $208,000. Institutional investors own 65.25% of the company’s stock.

In related news, CEO Robert J. Sprowls sold 5,614 shares of American States Water stock in a transaction on Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $286,314.00. Following the transaction, the chief executive officer now directly owns 111,346 shares in the company, valued at $5,678,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.72, for a total value of $31,032.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,605 shares of company stock worth $1,572,067. Company insiders own 1.49% of the company’s stock.

American States Water Company (NYSE:AWR) traded up 0.6585% during midday trading on Friday, hitting $54.5569. The stock had a trading volume of 10,704 shares. 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 1-year low of $38.21 and a 1-year high of $56.31. The stock has a market capitalization of $2.00 billion, a PE ratio of 29.4425 and a beta of 0.45.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the 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 for the quarter, compared to the consensus estimate of $119.23 million. During the same period last year, the business posted $0.45 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts anticipate that American States Water Company will post $1.70 EPS for the current fiscal year.

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A number of analysts have recently commented on the company. US Capital Advisors reaffirmed 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 company a “market perform” rating in a research report on Tuesday, October 3rd. BidaskClub upgraded American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research lowered American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. American States Water has an average rating of “Hold” and an average target price of $51.00.

American States Water 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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