Chicago Equity Partners LLC lowered its holdings in shares of American States Water Co (NYSE:AWR) by 3.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 21,725 shares of the utilities provider’s stock after selling 705 shares during the period. Chicago Equity Partners LLC owned 0.06% of American States Water worth $1,635,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of American States Water in the fourth quarter valued at about $16,752,000. Geode Capital Management LLC raised its position in American States Water by 9.2% during the fourth quarter. Geode Capital Management LLC now owns 392,979 shares of the utilities provider’s stock valued at $26,345,000 after purchasing an additional 33,156 shares in the last quarter. Meeder Asset Management Inc. raised its position in American States Water by 36.2% during the first quarter. Meeder Asset Management Inc. now owns 1,478 shares of the utilities provider’s stock valued at $105,000 after purchasing an additional 393 shares in the last quarter. Copeland Capital Management LLC increased its holdings in shares of American States Water by 20.7% during the first quarter. Copeland Capital Management LLC now owns 414,501 shares of the utilities provider’s stock worth $29,554,000 after buying an additional 70,996 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of American States Water by 25.3% during the first quarter. BNP Paribas Arbitrage SA now owns 17,274 shares of the utilities provider’s stock worth $1,232,000 after buying an additional 3,493 shares in the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.
In other news, Director Lloyd E. Ross sold 3,028 shares of American States Water stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $75.45, for a total transaction of $228,462.60. Following the sale, the director now owns 44,083 shares of the company’s stock, valued at approximately $3,326,062.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick Ronald Scanlon sold 1,105 shares of American States Water stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $90.73, for a total transaction of $100,256.65. Following the sale, the insider now directly owns 20,479 shares in the company, valued at approximately $1,858,059.67. The disclosure for this sale can be found here. Insiders have sold a total of 9,583 shares of company stock valued at $771,422 over the last ninety days. 1.24% of the stock is currently owned by insiders.
NYSE:AWR opened at $90.55 on Friday. The firm has a 50-day moving average price of $85.77 and a two-hundred day moving average price of $75.76. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 52.65, a price-to-earnings-growth ratio of 5.26 and a beta of -0.06. American States Water Co has a 52 week low of $58.26 and a 52 week high of $94.39. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.09 and a current ratio of 1.15.
American States Water (NYSE:AWR) last released its quarterly earnings data on Monday, August 5th. The utilities provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.12. American States Water had a net margin of 16.55% and a return on equity of 13.04%. The company had revenue of $124.65 million during the quarter, compared to the consensus estimate of $119.71 million. During the same period last year, the firm earned $0.44 EPS. American States Water’s revenue for the quarter was up 16.6% on a year-over-year basis. As a group, sell-side analysts forecast that American States Water Co will post 2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.305 per share. This is an increase from American States Water’s previous quarterly dividend of $0.28. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Wednesday, August 14th. American States Water’s payout ratio is currently 70.93%.
A number of analysts recently weighed in on the company. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Thursday, August 8th. Wells Fargo & Co reissued a “sell” rating on shares of American States Water in a research report on Monday, June 10th.
American States Water Company 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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