KBC Group NV lifted its stake in American States Water Co (NYSE:AWR) by 46.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 157,992 shares of the utilities provider’s stock after purchasing an additional 50,425 shares during the period. KBC Group NV owned 0.43% of American States Water worth $9,149,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in American States Water during the 2nd quarter worth $276,000. California Public Employees Retirement System grew its holdings in American States Water by 5.6% during the 2nd quarter. California Public Employees Retirement System now owns 83,500 shares of the utilities provider’s stock worth $3,959,000 after acquiring an additional 4,400 shares during the period. Advisor Group Inc. grew its holdings in American States Water by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 609 shares during the period. Voya Investment Management LLC grew its holdings in American States Water by 8.9% during the 2nd quarter. Voya Investment Management LLC now owns 17,281 shares of the utilities provider’s stock worth $819,000 after acquiring an additional 1,416 shares during the period. Finally, State Street Corp grew its holdings in American States Water by 4.2% during the 2nd quarter. State Street Corp now owns 990,335 shares of the utilities provider’s stock worth $46,948,000 after acquiring an additional 39,563 shares during the period. 65.40% of the stock is owned by institutional investors and hedge funds.
In other news, Director Lloyd E. Ross sold 1,100 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $55.79, for a total value of $61,369.00. Following the completion of the transaction, the director now owns 50,706 shares of the company’s stock, valued at approximately $2,828,887.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Diana M. Bonta sold 1,675 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total transaction of $96,178.50. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by insiders.
AWR has been the subject of a number of analyst reports. Zacks Investment Research raised shares of 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. Wells Fargo & Co lowered shares of American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 target price for the company. in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. American States Water presently has an average rating of “Hold” and a consensus price target of $50.67.
Shares of American States Water Co (NYSE AWR) opened at $53.13 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. American States Water Co has a fifty-two week low of $41.14 and a fifty-two week high of $60.00. The company has a market cap of $1,921.99, a price-to-earnings ratio of 29.03, a price-to-earnings-growth ratio of 7.35 and a beta of 0.38.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Wednesday, February 14th. American States Water’s dividend payout ratio is presently 55.74%.
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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).
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