State Street Corp Has $46.95 Million Holdings in American States Water Company (AWR)

State Street Corp raised its stake in American States Water Company (NYSE:AWR) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 990,335 shares of the utilities provider’s stock after buying an additional 39,563 shares during the period. State Street Corp owned about 2.70% of American States Water worth $46,948,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWR. UBS Asset Management Americas Inc. grew its position in shares of American States Water by 52.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 26,975 shares of the utilities provider’s stock valued at $1,195,000 after buying an additional 9,274 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of American States Water by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 62,895 shares of the utilities provider’s stock valued at $2,786,000 after purchasing an additional 2,245 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of American States Water by 7.5% during the 1st quarter. California Public Employees Retirement System now owns 79,100 shares of the utilities provider’s stock valued at $3,504,000 after purchasing an additional 5,500 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of American States Water by 0.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,165 shares of the utilities provider’s stock valued at $672,000 after purchasing an additional 139 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of American States Water by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after purchasing an additional 201,727 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

Several brokerages recently commented on AWR. BidaskClub upgraded American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors restated a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research report on Monday, October 23rd. Finally, Wells Fargo & Company upped their target price on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. American States Water currently has an average rating of “Hold” and an average price target of $51.00.

Shares of American States Water Company (AWR) opened at $53.80 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.98 billion, a P/E ratio of 29.25, a PEG ratio of 6.34 and a beta of 0.46.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. equities analysts forecast that American States Water Company will post 1.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, November 14th. American States Water’s payout ratio is 55.14%.

In other American States Water news, CEO Robert J. Sprowls sold 5,614 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $286,314.00. Following the transaction, the chief executive officer now owns 111,346 shares of the company’s stock, valued at $5,678,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Denise L. Kruger sold 1,250 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $53.88, for a total value of $67,350.00. Following the completion of the transaction, the insider now directly owns 8,216 shares in the company, valued at approximately $442,678.08. The disclosure for this sale can be found here. Insiders sold 32,605 shares of company stock worth $1,577,629 in the last three months. Insiders own 1.49% of the company’s stock.

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American States Water Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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