Geode Capital Management LLC Purchases 33,156 Shares of American States Water Co (NYSE:AWR)

Geode Capital Management LLC boosted its stake in shares of American States Water Co (NYSE:AWR) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 392,979 shares of the utilities provider’s stock after buying an additional 33,156 shares during the period. Geode Capital Management LLC owned about 1.07% of American States Water worth $26,345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AWR. Pearl River Capital LLC bought a new stake in American States Water during the fourth quarter worth approximately $34,000. NumerixS Investment Technologies Inc bought a new stake in shares of American States Water in the fourth quarter valued at approximately $40,000. Advisory Services Network LLC boosted its position in shares of American States Water by 909.9% in the fourth quarter. Advisory Services Network LLC now owns 1,838 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 1,656 shares during the period. Rational Advisors LLC bought a new stake in shares of American States Water in the fourth quarter valued at approximately $135,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American States Water by 12.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,412 shares of the utilities provider’s stock valued at $162,000 after acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 72.42% of the company’s stock.

Separately, Wells Fargo & Co reissued a “sell” rating on shares of American States Water in a research report on Monday, June 10th.

In other news, Director Lloyd E. Ross sold 500 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $69.40, for a total value of $34,700.00. Following the completion of the sale, the director now directly owns 49,331 shares in the company, valued at $3,423,571.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP James C. Cotton III sold 2,100 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $71.91, for a total value of $151,011.00. Following the completion of the sale, the senior vice president now owns 8,827 shares of the company’s stock, valued at $634,749.57. The disclosure for this sale can be found here. Insiders have sold 19,031 shares of company stock valued at $1,396,966 over the last quarter. Corporate insiders own 1.24% of the company’s stock.

Shares of NYSE AWR traded up $1.32 during trading hours on Friday, reaching $75.24. The stock had a trading volume of 941,521 shares, compared to its average volume of 164,017. The stock has a fifty day moving average price of $73.79. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $2.77 billion, a P/E ratio of 43.74, a price-to-earnings-growth ratio of 4.74 and a beta of 0.05. American States Water Co has a twelve month low of $57.13 and a twelve month high of $76.43.

American States Water (NYSE:AWR) last issued its earnings results on Monday, May 6th. The utilities provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $101.70 million during the quarter, compared to analyst estimates of $93.02 million. American States Water had a net margin of 14.86% and a return on equity of 11.92%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Research analysts predict that American States Water Co will post 1.99 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, May 15th. This represents a $1.10 annualized dividend and a yield of 1.46%. American States Water’s dividend payout ratio is currently 63.95%.

American States Water Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, 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.

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

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