GSA Capital Partners LLP acquired a new stake in American States Water Company (NYSE:AWR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,823 shares of the utilities provider’s stock, valued at approximately $276,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of AWR. Riverhead Capital Management LLC grew its stake in shares of American States Water by 85.4% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,196 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of American States Water in the second quarter valued at $127,000. Ameritas Investment Partners Inc. acquired a new stake in shares of American States Water in the first quarter valued at $140,000. IndexIQ Advisors LLC acquired a new stake in shares of American States Water in the second quarter valued at $166,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new stake in shares of American States Water in the second quarter valued at $208,000. 65.25% of the stock is owned by institutional investors and hedge funds.
American States Water Company (AWR) opened at 54.75 on Friday. American States Water Company has a 12-month low of $38.21 and a 12-month high of $56.31. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 29.55 and a beta of 0.45. The company has a 50-day moving average price of $51.78 and a 200-day moving average price of $48.52.
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, 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 firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. During the same period in the prior year, the firm earned $0.45 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts forecast that American States Water Company will post $1.70 earnings per share for the current year.
In other news, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $49.43, for a total transaction of $61,787.50. Following the completion of the sale, the insider now directly owns 11,947 shares in the company, valued at $590,540.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anne M. Holloway sold 5,450 shares of the firm’s stock in a transaction dated Monday, September 4th. The shares were sold at an average price of $36.95, for a total value of $201,377.50. Following the sale, the director now owns 48,963 shares of the company’s stock, valued at $1,809,182.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,605 shares of company stock valued at $1,572,067. 1.49% of the stock is owned by insiders.
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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a report on Monday, October 23rd. BidaskClub upgraded American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Wells Fargo & Company lifted their target price on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Tuesday, October 3rd. 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 assigned a strong buy rating to the company. American States Water has an average rating of “Hold” and an average price target of $51.00.
About American States Water
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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