Cetera Advisor Networks LLC raised its holdings in shares of American States Water Co (NYSE:AWR) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,510 shares of the utilities provider’s stock after purchasing an additional 510 shares during the quarter. Cetera Advisor Networks LLC’s holdings in American States Water were worth $583,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its position in shares of American States Water by 1.2% during the second quarter. D.A. Davidson & CO. now owns 85,803 shares of the utilities provider’s stock worth $6,456,000 after purchasing an additional 1,033 shares during the last quarter. Strs Ohio lifted its position in shares of American States Water by 9.5% during the third quarter. Strs Ohio now owns 35,900 shares of the utilities provider’s stock worth $3,225,000 after purchasing an additional 3,100 shares during the last quarter. Atria Investments LLC bought a new stake in shares of American States Water during the second quarter worth $2,300,000. WINTON GROUP Ltd lifted its position in shares of American States Water by 2.2% during the second quarter. WINTON GROUP Ltd now owns 255,213 shares of the utilities provider’s stock worth $19,202,000 after purchasing an additional 5,602 shares during the last quarter. Finally, Chicago Equity Partners LLC lifted its position in shares of American States Water by 41.3% during the third quarter. Chicago Equity Partners LLC now owns 30,687 shares of the utilities provider’s stock worth $2,758,000 after purchasing an additional 8,962 shares during the last quarter. Institutional investors and hedge funds own 72.50% of the company’s stock.
In other American States Water news, VP Bryan K. Switzer sold 400 shares of American States Water stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $89.64, for a total value of $35,856.00. Following the transaction, the vice president now owns 10,384 shares in the company, valued at $930,821.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick Ronald Scanlon sold 1,105 shares of American States Water stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $90.73, for a total value of $100,256.65. Following the completion of the transaction, the insider now owns 20,479 shares in the company, valued at approximately $1,858,059.67. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock valued at $365,371 over the last 90 days. 1.24% of the stock is currently owned by corporate insiders.
American States Water (NYSE:AWR) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.03). The firm had revenue of $134.50 million during the quarter, compared to the consensus estimate of $135.00 million. American States Water had a net margin of 17.26% and a return on equity of 13.23%. The business’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, analysts anticipate that American States Water Co will post 2.09 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.305 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.22 annualized dividend and a dividend yield of 1.44%. American States Water’s payout ratio is currently 70.93%.
Several analysts have recently weighed in on the company. ValuEngine downgraded American States Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Thursday, August 8th.
American States Water Company 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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