Deutsche Bank AG grew its position in American States Water (NYSE:AWR) by 57.8% during the 4th quarter, Holdings Channel reports. The firm owned 123,550 shares of the utilities provider’s stock after purchasing an additional 45,275 shares during the period. Deutsche Bank AG’s holdings in American States Water were worth $7,153,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Front Row Advisors LLC purchased a new position in American States Water in the fourth quarter worth $116,000. Cetera Advisor Networks LLC purchased a new position in American States Water in the third quarter worth $201,000. Eldridge Investment Advisors Inc. purchased a new position in American States Water in the fourth quarter worth $235,000. Advisor Group Inc. grew its holdings in American States Water by 52.7% in the fourth quarter. Advisor Group Inc. now owns 5,638 shares of the utilities provider’s stock worth $327,000 after purchasing an additional 1,945 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in American States Water by 39.6% in the fourth quarter. Cornerstone Wealth Management LLC now owns 5,986 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 1,697 shares during the last quarter. 66.24% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on AWR. Zacks Investment Research lowered shares of American States Water from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Wells Fargo lowered shares of American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price objective on the stock. in a report on Monday, December 18th. UBS started coverage on shares of American States Water in a report on Thursday, March 8th. They set a “sell” rating and a $42.00 price objective on the stock. Finally, ValuEngine raised shares of American States Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. American States Water currently has an average rating of “Hold” and an average price target of $51.00.
Shares of AWR opened at $52.61 on Friday. The firm has a market cap of $1,957.30, a PE ratio of 30.77, a P/E/G ratio of 6.00 and a beta of 0.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.96 and a current ratio of 0.99. American States Water has a 1-year low of $43.08 and a 1-year high of $60.00.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, February 26th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates 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%. American States Water’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. sell-side analysts anticipate that American States Water will post 1.78 EPS for the current fiscal year.
In other news, SVP James C. Cotton III sold 734 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $51.54, for a total transaction of $37,830.36. Following the sale, the senior vice president now directly owns 7,403 shares of the company’s stock, valued at $381,550.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Diana M. Bonta sold 1,797 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $51.05, for a total transaction of $91,736.85. Following the sale, the director now directly owns 21,676 shares in the company, valued at $1,106,559.80. The disclosure for this sale can be found here. Insiders have sold 4,381 shares of company stock worth $226,446 over the last three months. Corporate insiders own 1.49% of the company’s stock.
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American States Water Profile
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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