Van Hulzen Asset Management LLC boosted its holdings in shares of American States Water (NYSE:AWR) by 16.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,442 shares of the utilities provider’s stock after acquiring an additional 2,486 shares during the period. Van Hulzen Asset Management LLC’s holdings in American States Water were worth $925,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Comerica Bank raised its position in shares of American States Water by 2.5% in the first quarter. Comerica Bank now owns 39,054 shares of the utilities provider’s stock valued at $2,147,000 after buying an additional 967 shares during the last quarter. Victory Capital Management Inc. raised its holdings in American States Water by 5.0% in the first quarter. Victory Capital Management Inc. now owns 20,373 shares of the utilities provider’s stock valued at $1,081,000 after acquiring an additional 979 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in American States Water by 6.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the utilities provider’s stock valued at $915,000 after acquiring an additional 1,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in American States Water by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 318,880 shares of the utilities provider’s stock valued at $18,466,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in American States Water by 2.3% in the fourth quarter. Teachers Advisors LLC now owns 65,719 shares of the utilities provider’s stock valued at $3,806,000 after acquiring an additional 1,483 shares in the last quarter. Institutional investors own 70.20% of the company’s stock.
A number of brokerages have weighed in on AWR. UBS started coverage on shares of American States Water in a report on Thursday, March 8th. They set a “sell” rating and a $42.00 target price on the stock. ValuEngine upgraded shares of American States Water from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, Zacks Investment Research lowered shares of American States Water from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $51.00.
AWR stock traded down $0.08 during mid-day trading on Monday, reaching $54.58. 52 shares of the stock traded hands, compared to its average volume of 327,877. The company has a current ratio of 0.74, a quick ratio of 0.72 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.01 billion, a PE ratio of 31.84, a P/E/G ratio of 6.19 and a beta of 0.39. American States Water has a 52-week low of $44.08 and a 52-week high of $60.00.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Monday, May 7th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.05). American States Water had a return on equity of 12.92% and a net margin of 15.45%. The company had revenue of $94.73 million during the quarter, compared to analysts’ expectations of $94.52 million. During the same period last year, the company earned $0.34 earnings per share. American States Water’s revenue for the quarter was down 4.1% compared to the same quarter last year. equities research analysts anticipate that American States Water will post 1.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Tuesday, May 15th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $1.02 dividend on an annualized basis and a yield of 1.87%. American States Water’s dividend payout ratio is currently 59.65%.
In other news, Director Lloyd E. Ross sold 1,100 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $52.59, for a total value of $57,849.00. Following the sale, the director now owns 49,694 shares in the company, valued at $2,613,407.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Bryan K. Switzer sold 750 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $52.04, for a total transaction of $39,030.00. Following the completion of the sale, the vice president now owns 14,886 shares in the company, valued at approximately $774,667.44. The disclosure for this sale can be found here. Insiders sold 4,381 shares of company stock worth $226,446 in the last 90 days. 1.41% of the stock is currently owned by corporate insiders.
About American States Water
American States Water Company, through its subsidiaries, provides water and electric services to residential, 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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