D.A. Davidson & CO. lifted its holdings in shares of American States Water Company (NYSE:AWR) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,826 shares of the utilities provider’s stock after purchasing an additional 820 shares during the quarter. D.A. Davidson & CO. owned about 0.26% of American States Water worth $4,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AWR. Riverhead Capital Management LLC grew its holdings in shares of American States Water by 85.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 1,196 shares during the period. Bruderman Asset Management LLC purchased a new position in shares of American States Water during the 2nd quarter worth $127,000. Ameritas Investment Partners Inc. purchased a new position in shares of American States Water during the 1st quarter worth $140,000. IndexIQ Advisors LLC purchased a new position in shares of American States Water during the 2nd quarter worth $166,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in shares of American States Water during the 2nd quarter worth $208,000. Institutional investors and hedge funds own 65.47% of the company’s stock.

American States Water Company (NYSE AWR) traded up 0.80% during trading on Thursday, reaching $51.60. The company had a trading volume of 11,597 shares. The firm’s 50 day moving average is $49.84 and its 200-day moving average is $46.88. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.75. The company has a market capitalization of $1.89 billion, a P/E ratio of 27.85 and a beta of 0.45.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.17. The business had revenue of $113.20 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, equities analysts expect that American States Water Company will post $1.70 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s payout ratio is 55.14%.

Several research firms recently issued reports on AWR. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research note on Monday, July 17th. BidaskClub raised American States Water from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Finally, Zacks Investment Research lowered American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.

In other American States Water news, CEO Robert J. Sprowls sold 5,614 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $286,314.00. Following the completion of the sale, the chief executive officer now owns 111,346 shares of the company’s stock, valued at $5,678,646. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Holloway sold 5,450 shares of the business’s stock in a transaction dated Monday, September 4th. The shares were 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 of the company’s stock, valued at approximately $1,809,182.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,605 shares of company stock valued at $1,567,120. 1.49% of the stock is owned by company insiders.

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

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