American States Water Company (AWR) Shares Bought by BKS Advisors LLC
BKS Advisors LLC increased its position in American States Water Company (NYSE:AWR) by 1.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,551 shares of the utilities provider’s stock after buying an additional 531 shares during the period. American States Water accounts for about 1.1% of BKS Advisors LLC’s holdings, making the stock its 29th largest position. BKS Advisors LLC owned 0.15% of American States Water worth $2,634,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. IndexIQ Advisors LLC acquired a new position in shares of American States Water during the second quarter worth approximately $166,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of American States Water during the second quarter valued at about $418,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of American States Water during the second quarter valued at about $213,000. Victory Capital Management Inc. boosted its position in shares of American States Water by 8.1% in the second quarter. Victory Capital Management Inc. now owns 17,203 shares of the utilities provider’s stock valued at $816,000 after buying an additional 1,285 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of American States Water by 2.7% in the second quarter. KBC Group NV now owns 111,930 shares of the utilities provider’s stock valued at $5,307,000 after buying an additional 2,945 shares in the last quarter. 65.48% of the stock is currently owned by institutional investors.
Shares of American States Water Company (AWR) opened at 49.33 on Wednesday. American States Water Company has a 52-week low of $37.47 and a 52-week high of $51.75. The company’s 50-day moving average is $49.06 and its 200-day moving average is $46.20. The firm has a market cap of $1.81 billion, a P/E ratio of 26.62 and a beta of 0.47.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities research analysts forecast that American States Water Company will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.255 per share. The ex-dividend date is Friday, August 11th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio (DPR) is 55.14%.
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Several brokerages have issued reports on AWR. BidaskClub cut shares of American States Water from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research report on Monday, July 17th.
In related news, CEO Robert J. Sprowls sold 15,200 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $49.00, for a total transaction of $744,800.00. Following the sale, the chief executive officer now owns 109,454 shares of the company’s stock, valued at $5,363,246. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anne M. Holloway sold 5,450 shares of the stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total value of $201,377.50. Following the sale, the director now directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,609 shares of company stock worth $2,907,261. 1.49% of the stock is owned by corporate insiders.
American States Water Company 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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