BKS Advisors LLC Sells 406 Shares of American States Water Co (AWR)

BKS Advisors LLC trimmed its holdings in shares of American States Water Co (NYSE:AWR) by 0.8% in the first quarter, Holdings Channel reports. The fund owned 52,198 shares of the utilities provider’s stock after selling 406 shares during the period. American States Water makes up 1.5% of BKS Advisors LLC’s investment portfolio, making the stock its 16th largest position. BKS Advisors LLC’s holdings in American States Water were worth $3,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Suntrust Banks Inc. boosted its position in shares of American States Water by 1.9% during the 4th quarter. Suntrust Banks Inc. now owns 8,639 shares of the utilities provider’s stock valued at $579,000 after purchasing an additional 164 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of American States Water by 0.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 25,873 shares of the utilities provider’s stock worth $1,735,000 after acquiring an additional 197 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of American States Water by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 12,311 shares of the utilities provider’s stock worth $825,000 after acquiring an additional 225 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of American States Water by 12.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 268 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of American States Water by 2.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,274 shares of the utilities provider’s stock worth $823,000 after acquiring an additional 280 shares during the period. 72.15% of the stock is owned by institutional investors.

Separately, Wells Fargo & Co reiterated a “sell” rating on shares of American States Water in a report on Tuesday, March 26th.

In other news, CFO Eva G. Tang sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $71.00, for a total value of $42,600.00. Following the sale, the chief financial officer now directly owns 31,912 shares of the company’s stock, valued at approximately $2,265,752. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lloyd E. Ross sold 500 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $69.40, for a total value of $34,700.00. Following the completion of the sale, the director now directly owns 49,331 shares in the company, valued at $3,423,571.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,633 shares of company stock worth $1,329,597. Insiders own 1.41% of the company’s stock.

Shares of AWR traded down $0.43 during mid-day trading on Tuesday, reaching $68.90. The company had a trading volume of 1,135 shares, compared to its average volume of 139,960. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.67. American States Water Co has a 52 week low of $52.49 and a 52 week high of $72.50. The stock has a market cap of $2.54 billion, a P/E ratio of 40.02, a P/E/G ratio of 5.80 and a beta of 0.08.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, February 25th. The utilities provider reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. American States Water had a return on equity of 11.70% and a net margin of 14.62%. The firm had revenue of $111.00 million for the quarter, compared to analysts’ expectations of $104.54 million. During the same period in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that American States Water Co will post 2 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2019/04/16/bks-advisors-llc-sells-406-shares-of-american-states-water-co-awr.html.

About American States Water

American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.

Read More: What are the benefits of momentum investing?

Want to see what other hedge funds are holding AWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American States Water Co (NYSE:AWR).

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

Receive News & Ratings for American States Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit