Creative Planning reduced its stake in shares of American States Water Co (NYSE:AWR) by 26.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,368 shares of the utilities provider’s stock after selling 837 shares during the quarter. Creative Planning’s holdings in American States Water were worth $205,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of AWR. FinTrust Capital Advisors LLC raised its stake in American States Water by 18.1% in the third quarter. FinTrust Capital Advisors LLC now owns 978 shares of the utilities provider’s stock valued at $88,000 after buying an additional 150 shares during the last quarter. Usca Ria LLC purchased a new stake in American States Water in the third quarter valued at about $90,000. Clear Harbor Asset Management LLC purchased a new stake in American States Water in the fourth quarter valued at about $96,000. Farmers & Merchants Investments Inc. raised its stake in American States Water by 333.3% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,300 shares of the utilities provider’s stock valued at $113,000 after buying an additional 1,000 shares during the last quarter. Finally, GQ Asset Management LLC purchased a new stake in American States Water in the third quarter valued at about $115,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Shares of AWR stock opened at $93.85 on Friday. The stock’s 50-day simple moving average is $87.95 and its 200-day simple moving average is $88.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.05 and a current ratio of 1.11. The firm has a market capitalization of $3.41 billion, a PE ratio of 45.14, a P/E/G ratio of 5.35 and a beta of -0.13. American States Water Co has a fifty-two week low of $67.51 and a fifty-two week high of $96.00.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be issued a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Thursday, February 13th. American States Water’s dividend payout ratio is presently 70.93%.
Separately, Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating and set a $91.00 price objective on the stock in a report on Friday, January 3rd.
In other news, VP Bryan K. Switzer sold 400 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $86.60, for a total value of $34,640.00. Following the transaction, the vice president now directly owns 9,590 shares of the company’s stock, valued at $830,494. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 1,200 shares of company stock worth $104,184 over the last three months. Corporate insiders own 1.24% of the company’s stock.
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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