Thrivent Financial For Lutherans cut its position in shares of American States Water Co (NYSE:AWR) by 47.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,243 shares of the utilities provider’s stock after selling 43,619 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.13% of American States Water worth $2,794,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Front Row Advisors LLC bought a new position in shares of American States Water during the 4th quarter valued at about $116,000. Cetera Advisor Networks LLC purchased a new stake in American States Water during the 3rd quarter valued at about $201,000. Eldridge Investment Advisors Inc. purchased a new stake in American States Water during the 4th quarter valued at about $235,000. Invictus RG purchased a new stake in American States Water during the 3rd quarter valued at about $253,000. Finally, Trexquant Investment LP purchased a new stake in American States Water during the 3rd quarter valued at about $316,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.
In other American States Water news, Director Lloyd E. Ross sold 1,100 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $55.79, for a total value of $61,369.00. Following the completion of the sale, the director now owns 50,706 shares in the company, valued at approximately $2,828,887.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Diana M. Bonta sold 1,797 shares of the stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $51.05, for a total value of $91,736.85. Following the completion of the sale, the director now owns 21,676 shares of the company’s stock, valued at approximately $1,106,559.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,381 shares of company stock valued at $229,966. Company insiders own 1.49% of the company’s stock.
Shares of American States Water stock opened at $54.06 on Monday. The firm has a market capitalization of $1,984.84, a PE ratio of 28.60, a P/E/G ratio of 6.05 and a beta of 0.41. American States Water Co has a fifty-two week low of $43.08 and a fifty-two week high of $60.00. The company has a current ratio of 0.99, a quick ratio of 0.96 and a debt-to-equity ratio of 0.61.
American States Water (NYSE:AWR) last issued its earnings results on Monday, February 26th. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $121.02 million. American States Water had a net margin of 15.74% and a return on equity of 13.50%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 earnings per share. equities analysts predict that American States Water Co will post 1.79 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Thursday, February 15th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, February 14th. American States Water’s dividend payout ratio is presently 54.26%.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded American States Water from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a report on Wednesday, January 3rd. Wells Fargo cut 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. Finally, UBS assumed coverage on American States Water in a report on Thursday, March 8th. They set a “sell” rating and a $42.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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