Arjuna Capital trimmed its position in shares of American States Water Co (NYSE:AWR) by 1.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,334 shares of the utilities provider’s stock after selling 261 shares during the quarter. Arjuna Capital’s holdings in American States Water were worth $951,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AWR. Macquarie Group Ltd. boosted its holdings in shares of American States Water by 28.0% in the fourth quarter. Macquarie Group Ltd. now owns 3,200 shares of the utilities provider’s stock worth $215,000 after buying an additional 700 shares during the last quarter. Mackay Shields LLC bought a new stake in American States Water during the 4th quarter worth approximately $1,896,000. Janney Montgomery Scott LLC raised its stake in American States Water by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,420 shares of the utilities provider’s stock worth $886,000 after acquiring an additional 146 shares during the period. Mason Street Advisors LLC raised its position in shares of American States Water by 3.5% during the first quarter. Mason Street Advisors LLC now owns 11,810 shares of the utilities provider’s stock valued at $842,000 after buying an additional 399 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in shares of American States Water by 32.2% during the fourth quarter. Martingale Asset Management L P now owns 87,904 shares of the utilities provider’s stock valued at $5,894,000 after buying an additional 21,400 shares during the last quarter. 72.42% of the stock is currently owned by institutional investors.
Separately, Wells Fargo & Co reiterated a “sell” rating on shares of American States Water in a research report on Monday, June 10th.
Shares of AWR stock remained flat at $$75.82 on Friday. 175,772 shares of the company were exchanged, compared to its average volume of 206,820. The business has a 50-day moving average price of $74.18. American States Water Co has a 1 year low of $58.10 and a 1 year high of $76.58. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $2.79 billion, a PE ratio of 44.08, a P/E/G ratio of 4.77 and a beta of 0.05.
American States Water (NYSE:AWR) last posted its earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a net margin of 14.86% and a return on equity of 11.92%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. As a group, research analysts anticipate that American States Water Co will post 1.99 earnings per share for the current year.
About American States Water
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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