1 week Ago By ABMN Staff
Geode Capital Management LLC lifted its holdings in shares of American States Water ( NYSE:AWR – Free Report ) by 0.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 855,055 shares of the utilities provider’s stock after acquiring an additional 4,177 shares during the quarter.
Geode Capital Management LLC owned 2.28% of American States Water worth $66,471,000 at the end of the most recent quarter. A number of other hedge funds have also bought and sold shares of the business.
Vanguard Group Inc. grew its position in shares of American States Water by 0.7% during the 4th quarter.
Vanguard Group Inc. now owns 4,831,526 shares of the utilities provider’s stock valued at $375,506,000 after acquiring an additional 33,371 shares during the period. Pictet Asset Management Holding SA grew its holdings in American States Water by 30.
9% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,118,566 shares of the utilities provider’s stock valued at $86,935,000 after purchasing an additional 264,257 shares during the period. Norges Bank purchased a new stake in American States Water in the fourth quarter worth $45,254,000.
Principal Financial Group Inc. raised its stake in shares of American States Water by 26.8% in the fourth quarter.
Principal Financial Group Inc. now owns 484,470 shares of the utilities provider’s stock valued at $37,653,000 after buying an additional 102,489 shares during the period. Finally, Charles Schwab Investment Management Inc.
lifted its position in shares of American States Water by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc.
now owns 434,438 shares of the utilities provider’s stock valued at $33,765,000 after buying an additional 15,750 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.
Analyst Ratings Changes A number of equities analysts have weighed in on AWR shares. Wells Fargo & Company lowered shares of American States Water from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $84.00 to $77.
00 in a research report on Tuesday, January 7th. Bank of America downgraded shares of American States Water from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $85.00 to $71.
00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded American States Water from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th.
American States Water Trading Up 3.2 % NYSE:AWR opened at $78.16 on Friday.
The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.
88. The firm has a market capitalization of $3.01 billion, a P/E ratio of 24.
66, a P/E/G ratio of 12.92 and a beta of 0.56.
American States Water has a 52 week low of $66.03 and a 52 week high of $87.50.
The company has a fifty day moving average of $76.39 and a 200 day moving average of $79.20.
American States Water ( NYSE:AWR – Get Free Report ) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $143.
10 million during the quarter, compared to analysts’ expectations of $160.17 million. On average, research analysts predict that American States Water will post 3.
34 earnings per share for the current year. American States Water Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were issued a $0.
4655 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.
86 annualized dividend and a yield of 2.38%. American States Water’s dividend payout ratio (DPR) is presently 58.
68%. Insider Transactions at American States Water In other American States Water news, Director Diana M. Bonta sold 969 shares of the firm’s stock in a transaction dated Wednesday, March 12th.
The shares were sold at an average price of $77.00, for a total value of $74,613.00.
Following the completion of the sale, the director now directly owns 15,931 shares in the company, valued at $1,226,687. This trade represents a 5.73 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which is available at this link . Corporate insiders own 0.82% of the company’s stock.
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 Want to see what other hedge funds are holding AWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American States Water ( NYSE:AWR – Free Report ). 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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