6 days Ago By ABMN Staff
Franklin Resources Inc. boosted its position in American States Water ( NYSE:AWR – Free Report ) by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission.
The fund owned 15,664 shares of the utilities provider’s stock after purchasing an additional 794 shares during the quarter. Franklin Resources Inc.’s holdings in American States Water were worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of American States Water in the fourth quarter valued at approximately $30,000. Plato Investment Management Ltd grew its stake in American States Water by 2,173.
9% in the 4th quarter. Plato Investment Management Ltd now owns 523 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 500 shares during the period. Blue Trust Inc.
raised its holdings in American States Water by 367.3% in the 4th quarter. Blue Trust Inc.
now owns 500 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 393 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of American States Water by 198.9% during the 4th quarter.
Jones Financial Companies Lllp now owns 541 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 360 shares during the period. Finally, Assetmark Inc. boosted its holdings in shares of American States Water by 56.
7% during the fourth quarter. Assetmark Inc. now owns 948 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 343 shares during the last quarter.
75.24% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth Several research firms recently commented on AWR.
Bank of America lowered American States Water from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $85.00 to $71.00 in a research note on Monday, February 3rd.
StockNews.com upgraded shares of American States Water from a “sell” rating to a “hold” rating in a report on Saturday, March 8th. Finally, Wells Fargo & Company downgraded shares of American States Water from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $84.
00 to $77.00 in a report on Tuesday, January 7th. Insider Transactions at American States Water In related news, Director Diana M.
Bonta sold 969 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $77.00, for a total transaction of $74,613.
00. Following the completion of the sale, the director now directly owns 15,931 shares of the company’s stock, valued at approximately $1,226,687. This represents a 5.
73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website . Company insiders own 0.
82% of the company’s stock. American States Water Trading Up 1.8 % Shares of AWR opened at $79.
67 on Tuesday. American States Water has a twelve month low of $66.03 and a twelve month high of $87.
50. The firm has a market capitalization of $3.07 billion, a P/E ratio of 25.
13, a price-to-earnings-growth ratio of 12.92 and a beta of 0.56.
The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.
88. The stock’s fifty day simple moving average is $76.52 and its 200 day simple moving average is $79.
17. American States Water ( NYSE:AWR – Get Free Report ) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.
69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05.
American States Water had a return on equity of 13.63% and a net margin of 20.03%.
The company had revenue of $143.10 million for the quarter, compared to the consensus estimate of $160.17 million.
On average, equities research analysts forecast that American States Water will post 3.34 earnings per share for the current year. American States Water Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th.
Shareholders of record on Tuesday, February 18th were paid a dividend of $0.4655 per share. The ex-dividend date of this dividend was Tuesday, February 18th.
This represents a $1.86 annualized dividend and a yield of 2.34%.
American States Water’s dividend payout ratio is currently 58.68%. American States Water Profile ( Free Report ) American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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. Further Reading Receive News & Ratings for American States Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water and related companies with MarketBeat.
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