Advisors Asset Management Inc. decreased its stake in American States Water Co. (NYSE:AWR) by 50.4% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,045 shares of the company’s stock after selling 12,221 shares during the period. Advisors Asset Management Inc.’s holdings in American States Water were worth $528,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of AWR. BlackRock Institutional Trust Company N.A. boosted its stake in American States Water by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 929,990 shares of the company’s stock valued at $36,604,000 after buying an additional 2,402 shares during the period. Norges Bank purchased a new stake in shares of American States Water during the fourth quarter worth $16,931,000. Commonwealth Equity Services Inc boosted its stake in shares of American States Water by 1.6% in the first quarter. Commonwealth Equity Services Inc now owns 61,578 shares of the company’s stock worth $2,424,000 after buying an additional 942 shares during the last quarter. UBS Group AG boosted its stake in shares of American States Water by 22.4% in the first quarter. UBS Group AG now owns 120,868 shares of the company’s stock worth $4,758,000 after buying an additional 22,092 shares during the last quarter. Finally, BlackRock Group LTD boosted its stake in shares of American States Water by 1.7% in the first quarter. BlackRock Group LTD now owns 166,660 shares of the company’s stock worth $6,561,000 after buying an additional 2,782 shares during the last quarter. 63.65% of the stock is owned by institutional investors.
American States Water Co. (NYSE:AWR) traded down 0.47% on Tuesday, reaching $40.27. The company had a trading volume of 44,617 shares. The stock has a market capitalization of $1.47 billion, a P/E ratio of 25.03 and a beta of 0.40. The firm has a 50-day moving average of $40.17 and a 200-day moving average of $40.75. American States Water Co. has a 12 month low of $37.28 and a 12 month high of $47.24.
American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The firm had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the prior year, the company earned $0.41 EPS. American States Water’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts expect that American States Water Co. will post $1.63 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 15th were paid a $0.224 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, August 11th. American States Water’s payout ratio is currently 56.25%.
A number of equities research analysts have recently weighed in on the company. Barclays PLC dropped their price objective on American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research note on Tuesday, September 6th. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $39.00 in a research note on Friday, August 5th. Finally, Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th.
In other American States Water news, Director Diana M. Bonta sold 980 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.62, for a total transaction of $38,827.60. Following the transaction, the director now owns 23,972 shares of the company’s stock, valued at approximately $949,770.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lloyd E. Ross sold 1,000 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $38.71, for a total value of $38,710.00. Following the transaction, the director now directly owns 54,254 shares in the company, valued at approximately $2,100,172.34. The disclosure for this sale can be found here. 1.43% of the stock is owned by corporate insiders.
About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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