2 weeks Ago By ABMN Staff
Texas Permanent School Fund Corp increased its stake in American States Water ( NYSE:AWR – Free Report ) by 5.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 34,143 shares of the utilities provider’s stock after acquiring an additional 1,778 shares during the quarter.
Texas Permanent School Fund Corp’s holdings in American States Water were worth $2,478,000 at the end of the most recent quarter. Other large investors also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in American States Water by 2.
9% during the 1st quarter. Inspire Investing LLC now owns 5,026 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 140 shares during the period. CWM LLC boosted its position in American States Water by 31.
4% during the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System raised its position in shares of American States Water by 2.
5% in the 2nd quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock worth $756,000 after acquiring an additional 258 shares in the last quarter. QRG Capital Management Inc.
lifted its stake in shares of American States Water by 9.6% during the 2nd quarter. QRG Capital Management Inc.
now owns 3,075 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 269 shares during the last quarter. Finally, Assetmark Inc. boosted its position in American States Water by 633.
3% during the fourth quarter. Assetmark Inc. now owns 352 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 304 shares in the last quarter.
75.24% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on AWR shares.
Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.
StockNews.com upgraded American States Water from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. American States Water Trading Up 1.
0 % American States Water stock opened at $83.98 on Tuesday. The company has a current ratio of 0.
70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92.
The stock’s 50 day simple moving average is $80.96 and its two-hundred day simple moving average is $75.20.
American States Water has a 12 month low of $66.03 and a 12 month high of $85.71.
The firm has a market cap of $3.13 billion, a PE ratio of 27.44, a P/E/G ratio of 4.
28 and a beta of 0.49. American States Water ( NYSE:AWR – Get Free Report ) last released its earnings results on Tuesday, August 6th.
The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.
02). The company had revenue of $155.30 million for the quarter, compared to analysts’ expectations of $138.
00 million. American States Water had a return on equity of 13.45% and a net margin of 18.
85%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis.
During the same period in the prior year, the firm earned $0.83 EPS. Analysts anticipate that American States Water will post 3.
03 earnings per share for the current year. American States Water Increases Dividend The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a $0.
4655 dividend. The ex-dividend date was Friday, August 16th. This is a boost from American States Water’s previous quarterly dividend of $0.
43. This represents a $1.86 dividend on an annualized basis and a yield of 2.
22%. American States Water’s dividend payout ratio is currently 60.78%.
Insiders Place Their Bets In other news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.
89, for a total value of $40,445.00. Following the sale, the director now directly owns 38,519 shares of the company’s stock, valued at approximately $3,115,801.
91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . 0.
82% of the stock is owned by insiders. 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. Featured Stories 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 ).
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