Bank of New York Mellon Corp reduced its stake in American States Water (NYSE:AWR – Get Rating) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 495,742 shares of the utilities provider's stock after selling 1,248 shares during the quarter. Bank of New York Mellon Corp's holdings in American States Water were worth $44,131,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank N A MO purchased a new stake in American States Water in the 4th quarter valued at $93,000. Resources Investment Advisors LLC. raised its position in American States Water by 34.6% in the 1st quarter. Resources Investment Advisors LLC. now owns 3,500 shares of the utilities provider's stock valued at $312,000 after buying an additional 900 shares during the last quarter. Cozad Asset Management Inc. raised its position in American States Water by 10.3% in the 1st quarter. Cozad Asset Management Inc. now owns 23,728 shares of the utilities provider's stock valued at $2,112,000 after buying an additional 2,207 shares during the last quarter. Wedbush Securities Inc. raised its position in American States Water by 4.8% in the 1st quarter. Wedbush Securities Inc. now owns 2,869 shares of the utilities provider's stock valued at $255,000 after buying an additional 131 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in American States Water in the 1st quarter valued at $586,000. 72.67% of the stock is owned by hedge funds and other institutional investors.
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Insider Transactions at American States Water
In other news, Director Anne M. Holloway sold 400 shares of the stock in a transaction on Thursday, August 18th. The stock was sold at an average price of $88.91, for a total transaction of $35,564.00. Following the completion of the transaction, the director now owns 37,854 shares in the company, valued at approximately $3,365,599.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other American States Water news, insider Granville R. Hodges, Jr. sold 13,559 shares of the firm's stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $89.90, for a total value of $1,218,954.10. Following the completion of the transaction, the insider now owns 244 shares in the company, valued at approximately $21,935.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Holloway sold 400 shares of the firm's stock in a transaction dated 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 owns 37,854 shares of the company's stock, valued at approximately $3,365,599.14. The disclosure for this sale can be found here. 0.92% of the stock is owned by corporate insiders.
American States Water Trading Down 1.1 %
Shares of American States Water stock opened at $82.86 on Tuesday. American States Water has a 1 year low of $71.22 and a 1 year high of $103.77. The firm has a market cap of $3.06 billion, a PE ratio of 37.16 and a beta of 0.30. The stock has a fifty day moving average price of $84.77 and a 200-day moving average price of $83.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.40 and a quick ratio of 0.36.
American States Water (NYSE:AWR – Get Rating) last announced its earnings results on Monday, August 1st. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.13). American States Water had a net margin of 17.05% and a return on equity of 12.95%. During the same period in the previous year, the business earned $0.72 EPS. Equities research analysts anticipate that American States Water will post 2.54 EPS for the current year.
American States Water Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a dividend of $0.3975 per share. This is an increase from American States Water's previous quarterly dividend of $0.37. The ex-dividend date was Friday, August 12th. This represents a $1.59 annualized dividend and a dividend yield of 1.92%. American States Water's dividend payout ratio is presently 71.30%.
Analyst Ratings Changes
AWR has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on American States Water from $75.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 3rd. Barclays decreased their target price on American States Water from $88.00 to $80.00 and set an "underweight" rating for the company in a research report on Monday, July 18th.
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.
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