83,073 Shares in American States Water Company $AWR Purchased by CoreCap Advisors LLC

CoreCap Advisors LLC bought a new position in shares of American States Water Company (NYSE:AWR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 83,073 shares of the utilities provider’s stock, valued at approximately $6,839,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC boosted its position in American States Water by 6.3% in the 2nd quarter. Tidal Investments LLC now owns 9,508 shares of the utilities provider’s stock valued at $786,000 after buying an additional 564 shares during the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of American States Water by 26.2% in the second quarter. Integrated Wealth Concepts LLC now owns 5,429 shares of the utilities provider’s stock worth $449,000 after acquiring an additional 1,126 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of American States Water by 84.2% in the second quarter. IFP Advisors Inc now owns 1,179 shares of the utilities provider’s stock worth $97,000 after acquiring an additional 539 shares in the last quarter. Allworth Financial LP boosted its holdings in American States Water by 7.8% in the second quarter. Allworth Financial LP now owns 3,568 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 258 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in American States Water by 1.4% in the second quarter. Arizona State Retirement System now owns 10,784 shares of the utilities provider’s stock valued at $891,000 after purchasing an additional 151 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American States Water

In other American States Water news, Director Anne Holloway sold 900 shares of American States Water stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the transaction, the director owned 38,518 shares of the company’s stock, valued at $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.90% of the stock is owned by company insiders.

American States Water Stock Up 0.5%

Shares of AWR stock traded up $0.44 during trading hours on Thursday, hitting $81.90. 259,046 shares of the company were exchanged, compared to its average volume of 290,644. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.08 and a beta of 0.56. American States Water Company has a one year low of $69.45 and a one year high of $91.72. The business’s 50-day simple moving average is $86.42 and its two-hundred day simple moving average is $81.71. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 0.98.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.16. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The firm had revenue of $181.29 million during the quarter, compared to analyst estimates of $171.72 million. During the same period in the previous year, the company earned $0.87 earnings per share. American States Water’s quarterly revenue was up 11.2% on a year-over-year basis. Sell-side analysts predict that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were given a dividend of $0.5455 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.18 annualized dividend and a dividend yield of 2.7%. This is an increase from American States Water’s previous quarterly dividend of $0.5040. American States Water’s dividend payout ratio is currently 59.73%.

Analysts Set New Price Targets

Several research firms have issued reports on AWR. Freedom Capital upgraded American States Water to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

American States Water Profile

American States Water Company (NYSE: AWR) is a holding company that provides regulated water and electric utility services, as well as water and wastewater operations for military installations. The company serves residential, commercial, industrial, and public-sector customers through its subsidiaries.

Golden State Water Company operates regulated water systems in California, supplying drinking water and related services to communities across the state. Bear Valley Electric Service provides regulated electric distribution service in the mountain communities of California’s San Bernardino County.

Through American States Utility Services, Inc, the company operates and maintains water and wastewater systems at U.S.