Russell Investments Group Ltd. Has $10.40 Million Position in American States Water Company (AWR)

Russell Investments Group Ltd. increased its holdings in American States Water Company (NYSE:AWR) by 54.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 211,151 shares of the utilities provider’s stock after purchasing an additional 74,392 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.58% of American States Water worth $10,399,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AWR. Pinebridge Investments L.P. boosted its position in American States Water by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 4,824 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 51 shares during the last quarter. IFP Advisors Inc boosted its position in American States Water by 1.9% during the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 101 shares during the last quarter. Amalgamated Bank boosted its position in American States Water by 3.1% during the second quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 152 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in American States Water by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock valued at $2,165,000 after acquiring an additional 239 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in American States Water by 0.9% during the second quarter. Texas Permanent School Fund now owns 26,734 shares of the utilities provider’s stock valued at $1,267,000 after acquiring an additional 245 shares during the last quarter. 64.71% of the stock is currently owned by institutional investors.

In other news, Director Anne M. Holloway sold 1,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $55.00, for a total transaction of $55,000.00. Following the transaction, the director now owns 38,399 shares in the company, valued at $2,111,945. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The disclosure for this sale can be found here. Insiders have sold 5,775 shares of company stock worth $311,573 in the last quarter. Company insiders own 1.49% of the company’s stock.

A number of analysts have commented on AWR shares. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research report on Monday, October 23rd. Wells Fargo & Company upped their price target on shares of 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 given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $51.00.

Shares of American States Water Company (NYSE:AWR) opened at $57.27 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market cap of $2,095.11, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 6.66 and a beta of 0.48. American States Water Company has a 1 year low of $41.14 and a 1 year high of $58.11.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). American States Water had a net margin of 15.28% and a return on equity of 13.34%. The firm had revenue of $124.40 million for the quarter, compared to the consensus estimate of $145.78 million. During the same period last year, the company posted $0.59 EPS. The business’s revenue was up .5% compared to the same quarter last year. equities research analysts expect that American States Water Company will post 1.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.02 annualized dividend and a dividend yield of 1.78%. American States Water’s dividend payout ratio is currently 55.74%.

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About American States Water

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).

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

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