1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in shares of American States Water ( NYSE:AWR – Free Report ) by 31.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 350,616 shares of the utilities provider’s stock after buying an additional 82,951 shares during the quarter. JPMorgan Chase & Co. owned about 0.
94% of American States Water worth $27,250,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in American States Water in the fourth quarter valued at $30,000.
Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 393 shares during the period. Plato Investment Management Ltd grew its stake in American States Water by 2,173.
9% during the 4th quarter. Plato Investment Management Ltd now owns 523 shares of the utilities provider’s stock worth $41,000 after buying an additional 500 shares during the last quarter. Jones Financial Companies Lllp increased its position in American States Water by 198.
9% during the fourth quarter. Jones Financial Companies Lllp now owns 541 shares of the utilities provider’s stock worth $42,000 after buying an additional 360 shares during the period. Finally, Assetmark Inc.
lifted its stake in American States Water by 56.7% in the fourth quarter. Assetmark Inc.
now owns 948 shares of the utilities provider’s stock valued at $74,000 after buying an additional 343 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities analysts have recently issued reports on AWR shares. Bank of America lowered shares of American States Water from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $85.00 to $71.
00 in a research report on Monday, February 3rd. Wells Fargo & Company lowered shares of American States Water from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $84.00 to $77.
00 in a research note on Tuesday, January 7th. Finally, StockNews.com upgraded shares of American States Water from a “sell” rating to a “hold” rating in a research note on Saturday, March 8th.
Insider Transactions at American States Water In other 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 transaction, the director now directly owns 15,931 shares of the company’s stock, valued at $1,226,687.
This represents a 5.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink .
Company insiders own 0.82% of the company’s stock. American States Water Stock Performance NYSE:AWR opened at $75.
00 on Wednesday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.
82 and a quick ratio of 0.76. The firm has a market cap of $2.
81 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 12.92 and a beta of 0.
56. The firm’s fifty day moving average price is $76.19 and its 200 day moving average price is $79.
37. American States Water has a 1-year low of $66.03 and a 1-year high of $87.
50. American States Water ( NYSE:AWR – Get Free Report ) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $0.
69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05.
The business had revenue of $143.10 million for the quarter, compared to the consensus estimate of $160.17 million.
American States Water had a net margin of 20.03% and a return on equity of 13.63%.
On average, sell-side analysts expect that American States Water will post 3.34 EPS for the current year. American States Water Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th.
Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4655 per share. This represents a $1.
86 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Tuesday, February 18th.
American States Water’s dividend payout ratio (DPR) is 58.68%. About American States Water ( 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 Five stocks we like better than American States Water A Deeper Look at Bid-Ask Spreads Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential 10 Best Airline Stocks to Buy Qualcomm Breaks Down But RSI Signals It’s Severely Oversold What Does a Gap Up Mean in Stocks? How to Play the Gap Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy 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.com's FREE daily email newsletter .
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