Great West Life Assurance Co. Can Decreases Holdings in American States Water Co (AWR)
Great West Life Assurance Co. Can reduced its position in shares of American States Water Co (NYSE:AWR) by 6.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 49,478 shares of the utilities provider’s stock after selling 3,380 shares during the quarter. Great West Life Assurance Co. Can owned about 0.13% of American States Water worth $2,450,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. American International Group Inc. boosted its stake in American States Water by 5.7% during the 3rd quarter. American International Group Inc. now owns 28,800 shares of the utilities provider’s stock valued at $1,418,000 after purchasing an additional 1,564 shares in the last quarter. Granite Investment Partners LLC boosted its stake in American States Water by 6.0% during the 3rd quarter. Granite Investment Partners LLC now owns 321,517 shares of the utilities provider’s stock valued at $15,835,000 after purchasing an additional 18,147 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in American States Water during the 3rd quarter valued at $1,121,000. Ameriprise Financial Inc. boosted its stake in American States Water by 1.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 262,503 shares of the utilities provider’s stock valued at $12,928,000 after purchasing an additional 4,580 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in American States Water by 54.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 211,151 shares of the utilities provider’s stock valued at $10,399,000 after purchasing an additional 74,392 shares in the last quarter. 65.00% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on AWR shares. Wells Fargo & Company increased their price target on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $51.00.
Shares of American States Water Co (NYSE AWR) opened at $54.97 on Friday. American States Water Co has a 52-week low of $41.14 and a 52-week high of $58.11. The company has a market capitalization of $2,020.00, a price-to-earnings ratio of 30.10, a PEG ratio of 8.01 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97.
American States Water (NYSE:AWR) last announced its quarterly earnings data 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 company had revenue of $124.40 million for the quarter, compared to analyst estimates of $145.78 million. During the same quarter last year, the company posted $0.59 EPS. American States Water’s revenue was up .5% on a year-over-year basis. sell-side analysts forecast that American States Water Co will post 1.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.86%. American States Water’s dividend payout ratio (DPR) is presently 55.74%.
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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).
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