Rhumbline Advisers decreased its position in American States Water Company (NYSE:AWR) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,581 shares of the utilities provider’s stock after selling 3,190 shares during the quarter. Rhumbline Advisers owned 0.24% of American States Water worth $4,313,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AWR. Riverhead Capital Management LLC grew its holdings 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 in the last quarter. Bruderman Asset Management LLC bought a new position in shares of American States Water in the 2nd quarter valued at about $127,000. IndexIQ Advisors LLC bought a new position in shares of American States Water in the 2nd quarter valued at about $166,000. Advisor Group Inc. grew its holdings in shares of American States Water by 16.3% in the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after acquiring an additional 609 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its holdings in shares of American States Water by 328.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 3,226 shares in the last quarter. 64.71% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Anne M. Holloway sold 1,000 shares of American States Water stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $55.00, for a total transaction of $55,000.00. Following the completion of the transaction, the director now owns 38,399 shares in the company, valued at $2,111,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Diana M. Bonta sold 1,675 shares of American States Water stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $57.42, for a total value of $96,178.50. The disclosure for this sale can be found here. Insiders have sold 5,775 shares of company stock valued at $311,573 in the last quarter. 1.49% of the stock is currently owned by corporate insiders.
American States Water Company (NYSE AWR) opened at $57.27 on Tuesday. American States Water Company has a 1-year low of $41.14 and a 1-year high of $58.11. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2,095.11, a PE ratio of 31.21, a P/E/G ratio of 6.66 and a beta of 0.48.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). American States Water had a return on equity of 13.34% and a net margin of 15.28%. The business had revenue of $124.40 million for the quarter, compared to the consensus estimate of $145.78 million. During the same quarter in the previous year, the business posted $0.59 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. analysts forecast that American States Water Company will post 1.72 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, November 14th. American States Water’s payout ratio is currently 55.74%.
AWR has been the subject of several analyst reports. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a report on Monday, October 23rd. Wells Fargo & Company raised their price objective 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $51.00.
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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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