Asset Management One Co. Ltd. cut its stake in American States Water Co (NYSE:AWR) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,116 shares of the utilities provider’s stock after selling 6,085 shares during the quarter. Asset Management One Co. Ltd. owned about 0.30% of American States Water worth $5,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AWR. AMP Capital Investors Ltd grew its holdings in shares of American States Water by 5.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 24,993 shares of the utilities provider’s stock worth $1,230,000 after purchasing an additional 1,200 shares during the period. Invictus RG purchased a new position in shares of American States Water during the 3rd quarter worth $253,000. Stifel Financial Corp purchased a new position in shares of American States Water during the 3rd quarter worth $376,000. HCR Wealth Advisors grew its holdings in shares of American States Water by 301.1% during the 3rd quarter. HCR Wealth Advisors now owns 19,410 shares of the utilities provider’s stock worth $956,000 after purchasing an additional 14,571 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of American States Water by 6.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 223,662 shares of the utilities provider’s stock worth $11,016,000 after purchasing an additional 13,005 shares during the period. 64.98% of the stock is owned by institutional investors and hedge funds.

American States Water Co (NYSE:AWR) opened at $54.56 on Wednesday. American States Water Co has a twelve month low of $41.14 and a twelve month high of $58.11. The company has a market capitalization of $2,040.10, a PE ratio of 30.39, a P/E/G ratio of 8.08 and a beta of 0.48. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61.

American States Water (NYSE:AWR) last announced its earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). American States Water had a net margin of 15.28% and a return on equity of 13.34%. The firm had revenue of $124.40 million for the quarter, compared to analysts’ expectations of $145.78 million. During the same quarter last year, the business earned $0.59 earnings per share. The business’s revenue was up .5% compared to the same quarter last year. equities analysts anticipate that American States Water Co will post 1.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Tuesday, November 14th. American States Water’s dividend payout ratio (DPR) is 55.74%.

A number of research firms have recently weighed in on AWR. Wells Fargo & Company cut American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target for the company. in a report on Monday. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Monday, October 23rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. American States Water presently has an average rating of “Hold” and an average target price of $51.00.

In related news, Director Diana M. Bonta sold 1,675 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $57.42, for a total transaction of $96,178.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $49.61, for a total value of $62,012.50. Following the transaction, the insider now owns 9,466 shares of the company’s stock, valued at $469,608.26. The disclosure for this sale can be found here. Insiders have sold a total of 5,775 shares of company stock valued at $311,573 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

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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).

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

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