First Trust Advisors LP reduced its position in American States Water Company (NYSE:AWR) by 70.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,869 shares of the utilities provider’s stock after selling 370,346 shares during the period. First Trust Advisors LP owned about 0.43% of American States Water worth $7,726,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its position in shares of American States Water by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 4,824 shares of the utilities provider’s stock worth $229,000 after acquiring an additional 51 shares in the last quarter. Eqis Capital Management Inc. grew its position in American States Water by 0.7% during the second quarter. Eqis Capital Management Inc. now owns 13,442 shares of the utilities provider’s stock valued at $637,000 after purchasing an additional 93 shares in the last quarter. IFP Advisors Inc grew its position in American States Water by 1.9% during the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 101 shares in the last quarter. Amalgamated Bank grew its position in American States Water by 3.1% during the second quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 152 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its position in American States Water by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock valued at $2,165,000 after purchasing an additional 239 shares in the last quarter. 63.61% of the stock is currently owned by institutional investors and hedge funds.

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AWR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research report on Monday, October 23rd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th. BidaskClub raised shares of American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Finally, Wells Fargo & Company boosted their target price on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Shares of American States Water Company (NYSE:AWR) opened at $52.94 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93. American States Water Company has a one year low of $39.50 and a one year high of $56.31. The firm has a market cap of $1,941.80, a price-to-earnings ratio of 28.93, a PEG ratio of 6.17 and a beta of 0.46.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). American States Water had a return on equity of 13.34% and a net margin of 15.28%. The firm had revenue of $124.40 million during the quarter, compared to analyst estimates of $145.78 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. American States Water’s quarterly revenue was up .5% compared to the same quarter last year. research analysts anticipate that American States Water Company will post 1.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Tuesday, November 14th. American States Water’s payout ratio is 55.74%.

In related news, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction on Monday, September 4th. The shares were sold at an average price of $36.95, for a total transaction of $201,377.50. Following the completion of the transaction, the director now directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The disclosure for this sale can be found here. Insiders sold 15,473 shares of company stock valued at $703,859 over the last 90 days. 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).

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

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