American States Water Company $AWR Stock: ProShare Advisors LLC Boosts Stake

ProShare Advisors LLC raised its stake in American States Water Company (NYSE:AWR) by 26.4% in the third quarter, HoldingsChannel.com reports. The fund owned 122,505 shares of the utilities provider’s stock after buying an additional 25,581 shares during the quarter. ProShare Advisors LLC’s holdings in American States Water were worth $10,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vise Technologies Inc. bought a new position in American States Water in the 3rd quarter worth approximately $975,000. Parcion Private Wealth LLC grew its holdings in American States Water by 10.0% during the third quarter. Parcion Private Wealth LLC now owns 3,593 shares of the utilities provider’s stock worth $296,000 after acquiring an additional 326 shares during the period. Soltis Investment Advisors LLC acquired a new position in shares of American States Water in the 3rd quarter worth approximately $349,000. Choreo LLC increased its holdings in shares of American States Water by 23.2% in the third quarter. Choreo LLC now owns 5,261 shares of the utilities provider’s stock valued at $433,000 after buying an additional 991 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of American States Water by 2.6% during the third quarter. Oppenheimer & Co. Inc. now owns 9,900 shares of the utilities provider’s stock worth $815,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of American States Water in a report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

American States Water Stock Down 0.6%

Shares of American States Water stock opened at $87.05 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 3.31 and a beta of 0.54. The stock has a 50-day simple moving average of $85.11 and a 200-day simple moving average of $80.19. American States Water Company has a 52-week low of $69.50 and a 52-week high of $91.72.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.93 by $0.16. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The company had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.5455 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.18 dividend on an annualized basis and a yield of 2.5%. American States Water’s dividend payout ratio is presently 59.73%.

Insider Activity

In related news, Director Anne Holloway sold 900 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total transaction of $79,974.00. Following the completion of the sale, the director directly owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. This represents a 2.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

American States Water Profile

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

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.