Forsta AP Fonden cut its holdings in American States Water (NYSE:AWR) by 65.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,900 shares of the utilities provider’s stock after selling 26,500 shares during the period. Forsta AP Fonden’s holdings in American States Water were worth $738,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Front Row Advisors LLC acquired a new stake in shares of American States Water in the fourth quarter valued at approximately $116,000. SG Americas Securities LLC acquired a new stake in shares of American States Water in the first quarter valued at approximately $176,000. Hoylecohen LLC acquired a new stake in shares of American States Water in the fourth quarter valued at approximately $220,000. Eldridge Investment Advisors Inc. acquired a new stake in shares of American States Water in the fourth quarter valued at approximately $235,000. Finally, Advisor Group Inc. raised its holdings in shares of American States Water by 52.7% in the fourth quarter. Advisor Group Inc. now owns 5,638 shares of the utilities provider’s stock valued at $327,000 after purchasing an additional 1,945 shares during the last quarter. Institutional investors own 70.20% of the company’s stock.
In related news, Director Lloyd E. Ross sold 1,100 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $52.59, for a total value of $57,849.00. Following the completion of the transaction, the director now directly owns 49,694 shares of the company’s stock, valued at $2,613,407.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP James C. Cotton III sold 734 shares of the firm’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 completion of the transaction, the senior vice president now directly owns 7,403 shares of the company’s stock, valued at $381,550.62. The disclosure for this sale can be found here. Insiders sold 4,381 shares of company stock valued at $226,446 over the last three months. 1.41% of the stock is owned by company insiders.
American States Water opened at $55.05 on Tuesday, according to MarketBeat Ratings. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.72 and a current ratio of 0.74. American States Water has a 12-month low of $44.12 and a 12-month high of $60.00. The company has a market capitalization of $2.01 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 6.19 and a beta of 0.39.
American States Water (NYSE:AWR) last released its earnings results on Monday, May 7th. The utilities provider reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.05). American States Water had a net margin of 15.45% and a return on equity of 12.92%. The firm had revenue of $94.73 million during the quarter, compared to the consensus estimate of $94.52 million. During the same period in the prior year, the business posted $0.34 earnings per share. American States Water’s quarterly revenue was down 4.1% compared to the same quarter last year. analysts predict that American States Water will post 1.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be paid a $0.255 dividend. The ex-dividend date is Monday, May 14th. This represents a $1.02 annualized dividend and a dividend yield of 1.85%. American States Water’s dividend payout ratio is presently 59.65%.
A number of analysts have recently issued reports on AWR shares. ValuEngine upgraded shares of American States Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. UBS started coverage on shares of American States Water in a report on Thursday, March 8th. They issued a “sell” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of American States Water from a “buy” rating to a “hold” rating in a report on Friday, March 23rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.00.
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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