AlphaCrest Capital Management LLC Purchases 1,950 Shares of American States Water (NYSE:AWR)

AlphaCrest Capital Management LLC increased its position in American States Water (NYSE:AWRGet Rating) by 21.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,913 shares of the utilities provider’s stock after buying an additional 1,950 shares during the period. AlphaCrest Capital Management LLC’s holdings in American States Water were worth $1,129,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Mutual of America Capital Management LLC raised its position in shares of American States Water by 2.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 5,047 shares of the utilities provider’s stock valued at $522,000 after buying an additional 123 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of American States Water by 3.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,971 shares of the utilities provider’s stock valued at $340,000 after buying an additional 142 shares in the last quarter. Eaton Vance Management raised its position in shares of American States Water by 0.9% during the 3rd quarter. Eaton Vance Management now owns 16,579 shares of the utilities provider’s stock valued at $1,158,000 after buying an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of American States Water by 3.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,337 shares of the utilities provider’s stock valued at $552,000 after buying an additional 158 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of American States Water by 54.9% during the 4th quarter. Quadrant Capital Group LLC now owns 454 shares of the utilities provider’s stock valued at $47,000 after buying an additional 161 shares in the last quarter. 72.04% of the stock is owned by institutional investors.

Shares of AWR stock opened at $77.99 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.82 and a quick ratio of 0.74. The company has a market capitalization of $2.88 billion, a P/E ratio of 32.36 and a beta of 0.29. The company’s 50-day simple moving average is $84.36 and its two-hundred day simple moving average is $90.18. American States Water has a one year low of $74.77 and a one year high of $103.77.

American States Water (NYSE:AWRGet Rating) last issued its earnings results on Monday, May 2nd. The utilities provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.15). American States Water had a return on equity of 13.14% and a net margin of 18.20%. During the same quarter in the prior year, the company earned $0.52 earnings per share. On average, research analysts expect that American States Water will post 2.59 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 16th will be paid a $0.365 dividend. The ex-dividend date is Friday, May 13th. This represents a $1.46 dividend on an annualized basis and a yield of 1.87%. American States Water’s dividend payout ratio is currently 60.58%.

In other news, insider Bryan K. Switzer sold 708 shares of the stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $83.28, for a total transaction of $58,962.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.

Several brokerages recently commented on AWR. Wells Fargo & Company cut their price target on shares of American States Water from $94.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, February 24th. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating and set a $90.00 price target on the stock. in a report on Monday, April 18th. StockNews.com began coverage on shares of American States Water in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays cut their price target on shares of American States Water from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, March 15th.

American States Water Profile (Get Rating)

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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

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