Copeland Capital Management LLC decreased its holdings in shares of American States Water Co (NYSE:AWR) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 410,509 shares of the utilities provider’s stock after selling 8,046 shares during the quarter. American States Water makes up about 1.5% of Copeland Capital Management LLC’s portfolio, making the stock its 12th largest holding. Copeland Capital Management LLC’s holdings in American States Water were worth $23,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of AWR. Assenagon Asset Management S.A. bought a new stake in shares of American States Water during the 4th quarter valued at $8,524,000. Russell Investments Group Ltd. grew its position in shares of American States Water by 54.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 211,151 shares of the utilities provider’s stock valued at $10,399,000 after acquiring an additional 74,392 shares during the period. Vanguard Group Inc. lifted its stake in shares of American States Water by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 3,768,089 shares of the utilities provider’s stock valued at $178,644,000 after buying an additional 74,002 shares in the last quarter. Nuance Investments LLC purchased a new position in shares of American States Water during the 3rd quarter valued at $3,402,000. Finally, APG Asset Management N.V. purchased a new position in shares of American States Water during the 3rd quarter valued at $2,142,000. 65.04% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research note on Wednesday, January 3rd. Wells Fargo & Co lifted their target price on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $50.67.
American States Water Co (NYSE AWR) traded up $0.06 on Tuesday, hitting $55.64. 366,600 shares of the company were exchanged, compared to its average volume of 343,260. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97. American States Water Co has a 52 week low of $41.14 and a 52 week high of $60.00. The stock has a market cap of $2,050.00, a PE ratio of 30.38, a price-to-earnings-growth ratio of 7.88 and a beta of 0.48.
American States Water (NYSE:AWR) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 EPS. equities research analysts anticipate that American States Water Co will post 1.72 EPS for the current year.
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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).
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