D.A. Davidson & CO. lowered its position in American States Water (NYSE:AWR – Get Rating) by 0.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 106,301 shares of the utilities provider's stock after selling 856 shares during the period. D.A. Davidson & CO.'s holdings in American States Water were worth $9,463,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank N A MO bought a new position in shares of American States Water during the fourth quarter valued at approximately $93,000. Resources Investment Advisors LLC. raised its holdings in shares of American States Water by 34.6% during the first quarter. Resources Investment Advisors LLC. now owns 3,500 shares of the utilities provider's stock valued at $312,000 after acquiring an additional 900 shares in the last quarter. Cozad Asset Management Inc. raised its holdings in shares of American States Water by 10.3% during the first quarter. Cozad Asset Management Inc. now owns 23,728 shares of the utilities provider's stock valued at $2,112,000 after acquiring an additional 2,207 shares in the last quarter. Wedbush Securities Inc. raised its holdings in shares of American States Water by 4.8% during the first quarter. Wedbush Securities Inc. now owns 2,869 shares of the utilities provider's stock valued at $255,000 after acquiring an additional 131 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of American States Water during the first quarter valued at approximately $586,000. Hedge funds and other institutional investors own 72.67% of the company's stock.
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American States Water Price Performance
NYSE AWR traded down $0.28 during trading on Tuesday, hitting $84.38. 673 shares of the stock traded hands, compared to its average volume of 140,014. The company has a market capitalization of $3.12 billion, a P/E ratio of 37.96 and a beta of 0.28. The firm has a 50-day simple moving average of $84.26 and a 200-day simple moving average of $83.25. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of 0.64. American States Water has a 12-month low of $71.22 and a 12-month high of $103.77.
American States Water (NYSE:AWR – Get Rating) last announced its earnings results on Monday, August 1st. The utilities provider reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.13). American States Water had a return on equity of 12.95% and a net
margin of 17.05%. During the same period in the previous year, the firm posted $0.72 earnings per share. As a group, analysts predict that American States Water will post 2.54 EPS for the current year.
American States Water Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.3975 dividend. This represents a $1.59 annualized dividend and a dividend yield of 1.88%. This is a positive change from American States Water's previous quarterly dividend of $0.37. The ex-dividend date is Friday, August 12th. American States Water's payout ratio is presently 71.30%.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Barclays decreased their price objective on American States Water from $88.00 to $80.00 and set an "underweight" rating for the company in a report on Monday, July 18th. Wells Fargo & Company increased their target price on American States Water from $75.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 3rd.
Insider Transactions at American States Water
In other news, Director Anne M. Holloway sold 400 shares of the business's stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $88.91, for a total value of $35,564.00. Following the completion of the transaction, the director now directly owns 37,854 shares of the company's stock, valued at approximately $3,365,599.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Granville R. Hodges, Jr. sold 13,559 shares of the business's stock in a transaction on Friday, August 12th. The stock was sold at an average price of $89.90, for a total transaction of $1,218,954.10. Following the transaction, the insider now directly owns 244 shares in the company, valued at approximately $21,935.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne M. Holloway sold 400 shares of the business's stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of $88.91, for a total value of $35,564.00. Following the sale, the director now owns 37,854 shares in the company, valued at approximately $3,365,599.14. The disclosure for this sale can be found here. Corporate insiders own 0.92% of the company's stock.
American States Water Company Profile
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American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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.
Further Reading
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