American States Water Co (NYSE:AWR) Holdings Lifted by FIL Ltd

FIL Ltd raised its holdings in shares of American States Water Co (NYSE:AWR) by 42.9% in the first quarter, Holdings Channel reports. The firm owned 10,000 shares of the utilities provider’s stock after buying an additional 3,000 shares during the quarter. FIL Ltd’s holdings in American States Water were worth $713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of American States Water by 3.3% in the fourth quarter. Bank of Montreal Can now owns 14,707 shares of the utilities provider’s stock worth $985,000 after acquiring an additional 470 shares during the last quarter. Rhumbline Advisers grew its stake in shares of American States Water by 17.5% in the fourth quarter. Rhumbline Advisers now owns 114,761 shares of the utilities provider’s stock worth $7,694,000 after acquiring an additional 17,093 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of American States Water by 161.1% in the fourth quarter. SG Americas Securities LLC now owns 13,334 shares of the utilities provider’s stock worth $894,000 after acquiring an additional 8,227 shares during the last quarter. TD Asset Management Inc. grew its stake in shares of American States Water by 59.8% in the fourth quarter. TD Asset Management Inc. now owns 46,476 shares of the utilities provider’s stock worth $3,116,000 after acquiring an additional 17,400 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of American States Water by 2.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,274 shares of the utilities provider’s stock worth $823,000 after acquiring an additional 280 shares during the last quarter. 72.37% of the stock is owned by institutional investors and hedge funds.

Separately, Wells Fargo & Co restated a “sell” rating on shares of American States Water in a research note on Monday, June 10th.

In related news, Director Lloyd E. Ross sold 500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $69.40, for a total value of $34,700.00. Following the completion of the transaction, the director now directly owns 49,331 shares of the company’s stock, valued at $3,423,571.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Sprowls sold 12,402 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $71.55, for a total value of $887,363.10. Following the completion of the transaction, the chief executive officer now directly owns 129,701 shares of the company’s stock, valued at $9,280,106.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,840 shares of company stock valued at $2,602,162. 1.24% of the stock is owned by company insiders.

Shares of AWR stock opened at $74.76 on Friday. The firm has a market capitalization of $2.75 billion, a P/E ratio of 43.47, a PEG ratio of 4.71 and a beta of 0.05. American States Water Co has a one year low of $55.83 and a one year high of $76.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.09 and a quick ratio of 1.03.

American States Water (NYSE:AWR) last issued its earnings results on Monday, May 6th. The utilities provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $101.70 million during the quarter, compared to the consensus estimate of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. As a group, sell-side analysts predict that American States Water Co will post 1.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Thursday, May 16th were given a $0.275 dividend. The ex-dividend date was Wednesday, May 15th. This represents a $1.10 annualized dividend and a yield of 1.47%. American States Water’s dividend payout ratio (DPR) is currently 63.95%.

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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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Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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