Bryce Point Capital LLC Sells 2,497 Shares of American States Water Company $AWR

Bryce Point Capital LLC decreased its holdings in American States Water Company (NYSE:AWR) by 22.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 8,536 shares of the utilities provider’s stock after selling 2,497 shares during the period. Bryce Point Capital LLC’s holdings in American States Water were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jump Financial LLC acquired a new stake in American States Water in the 1st quarter worth about $202,000. Alpha Cubed Investments LLC acquired a new stake in American States Water in the 1st quarter worth about $472,000. First Citizens Bank & Trust Co. acquired a new stake in American States Water in the 2nd quarter worth about $292,000. Yousif Capital Management LLC raised its stake in American States Water by 2.8% in the 2nd quarter. Yousif Capital Management LLC now owns 14,348 shares of the utilities provider’s stock worth $1,100,000 after purchasing an additional 393 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in American States Water by 18.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 44,278 shares of the utilities provider’s stock worth $3,394,000 after purchasing an additional 6,751 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $77.50.

American States Water Price Performance

Shares of NYSE:AWR opened at $74.71 on Wednesday. The firm has a 50 day moving average of $73.37 and a 200-day moving average of $75.82. The stock has a market capitalization of $2.88 billion, a PE ratio of 22.85, a PEG ratio of 3.92 and a beta of 0.64. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. American States Water Company has a 12 month low of $69.45 and a 12 month high of $87.20.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $163.07 million during the quarter, compared to analyst estimates of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. American States Water’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. On average, equities research analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a $0.504 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. American States Water’s payout ratio is presently 61.47%.

American States Water Profile

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.