Municipal Employees Retirement System of Michigan lifted its position in shares of American States Water Company (NYSE:AWR) by 59.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,740 shares of the utilities provider’s stock after purchasing an additional 5,100 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in American States Water were worth $677,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of American States Water by 43.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,438 shares of the utilities provider’s stock valued at $957,000 after purchasing an additional 5,924 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in shares of American States Water by 500.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 21,073 shares of the utilities provider’s stock valued at $1,037,000 after buying an additional 17,561 shares in the last quarter. Chicago Equity Partners LLC raised its holdings in shares of American States Water by 12.7% during the 3rd quarter. Chicago Equity Partners LLC now owns 58,350 shares of the utilities provider’s stock valued at $2,874,000 after buying an additional 6,580 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of American States Water by 1.6% during the 3rd quarter. Copeland Capital Management LLC now owns 418,555 shares of the utilities provider’s stock valued at $20,614,000 after buying an additional 6,416 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of American States Water by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 18,218 shares of the utilities provider’s stock valued at $897,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 64.71% of the company’s stock.

Shares of American States Water Company (NYSE:AWR) traded up $0.32 during trading on Friday, reaching $57.69. The company’s stock had a trading volume of 140,900 shares, compared to its average volume of 136,816. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2,080.00, a PE ratio of 30.97, a P/E/G ratio of 6.61 and a beta of 0.45. American States Water Company has a 1-year low of $41.14 and a 1-year high of $58.11.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. American States Water’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the firm earned $0.59 earnings per share. sell-side analysts forecast that American States Water Company will post 1.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.77%. American States Water’s dividend payout ratio is currently 55.74%.

In related news, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $51.72, for a total transaction of $31,032.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne M. Holloway sold 5,450 shares of American States Water stock in a transaction that occurred on 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 owns 48,963 shares in the company, valued at $1,809,182.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,725 shares of company stock worth $537,386. Corporate insiders own 1.49% of the company’s stock.

A number of brokerages recently weighed in on AWR. Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a report on Monday, October 23rd. Wells Fargo & Company raised their price objective on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Tuesday, October 3rd. Finally, BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $51.00.

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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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