Advisor Group Holdings Inc. Sells 5,118 Shares of American States Water (NYSE:AWR)

Advisor Group Holdings Inc. lowered its position in shares of American States Water (NYSE:AWR) by 28.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,606 shares of the utilities provider’s stock after selling 5,118 shares during the period. Advisor Group Holdings Inc.’s holdings in American States Water were worth $1,005,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Federated Hermes Inc. boosted its stake in shares of American States Water by 40.4% during the first quarter. Federated Hermes Inc. now owns 692 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 199 shares in the last quarter. Versant Capital Management Inc grew its holdings in American States Water by 43.1% during the 2nd quarter. Versant Capital Management Inc now owns 730 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 220 shares during the last quarter. Pflug Koory LLC acquired a new position in American States Water in the 2nd quarter valued at approximately $64,000. Arkadios Wealth Advisors increased its position in American States Water by 1,239.7% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,045 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 967 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of American States Water by 24.6% during the second quarter. Advisors Asset Management Inc. now owns 1,509 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 298 shares during the last quarter. 69.21% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on AWR shares. Barclays started coverage on shares of American States Water in a research note on Thursday, July 15th. They issued an “equal weight” rating and a $87.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of American States Water from $87.00 to $98.00 and gave the stock an “overweight” rating in a report on Wednesday, August 4th. Finally, Zacks Investment Research cut American States Water from a “buy” rating to a “hold” rating and set a $93.00 target price on the stock. in a research report on Tuesday.

NYSE:AWR opened at $88.68 on Wednesday. The business’s fifty day moving average is $88.68 and its 200 day moving average is $81.71. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 35.47 and a beta of 0.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.15 and a current ratio of 1.22. American States Water has a 52-week low of $69.25 and a 52-week high of $94.96.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Sunday, August 1st. The utilities provider reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American States Water had a return on equity of 14.30% and a net margin of 18.39%. The firm had revenue of $128.41 million for the quarter, compared to analysts’ expectations of $124.00 million. During the same period in the prior year, the business posted $0.69 earnings per share. Equities analysts predict that American States Water will post 2.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, August 16th were paid a $0.365 dividend. The ex-dividend date of this dividend was Friday, August 13th. This is a boost from American States Water’s previous quarterly dividend of $0.34. This represents a $1.46 annualized dividend and a yield of 1.65%. American States Water’s dividend payout ratio is currently 62.66%.

In other news, Director Anne M. Holloway sold 600 shares of the firm’s stock in a transaction on Friday, August 13th. The shares were sold at an average price of $88.72, for a total transaction of $53,232.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James L. Anderson sold 6,500 shares of the company’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $89.28, for a total transaction of $580,320.00. Following the completion of the transaction, the director now owns 33,483 shares of the company’s stock, valued at $2,989,362.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,842 shares of company stock valued at $1,155,377. Insiders own 0.97% of the company’s stock.

American States Water Profile

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

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