TIAA Trust National Association Sells 188 Shares of American States Water (NYSE:AWR)

TIAA Trust National Association trimmed its stake in shares of American States Water (NYSE:AWR) by 5.0% during the first quarter, HoldingsChannel.com reports. The firm owned 3,590 shares of the utilities provider’s stock after selling 188 shares during the quarter. TIAA Trust National Association’s holdings in American States Water were worth $259,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. UBS Group AG increased its stake in American States Water by 28.7% in the 4th quarter. UBS Group AG now owns 95,385 shares of the utilities provider’s stock worth $7,671,000 after acquiring an additional 21,270 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in American States Water by 859.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,707 shares of the utilities provider’s stock worth $1,713,000 after acquiring an additional 21,236 shares during the last quarter. ProShare Advisors LLC increased its stake in American States Water by 11.3% in the 1st quarter. ProShare Advisors LLC now owns 116,327 shares of the utilities provider’s stock worth $8,403,000 after acquiring an additional 11,801 shares during the last quarter. Quest Partners LLC bought a new position in American States Water in the 4th quarter worth about $1,719,000. Finally, Jump Financial LLC increased its stake in American States Water by 13.9% in the 4th quarter. Jump Financial LLC now owns 14,000 shares of the utilities provider’s stock worth $1,126,000 after acquiring an additional 1,704 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their target price on American States Water from $77.00 to $80.00 and gave the stock an “underweight” rating in a research note on Thursday, May 9th.

Insider Activity at American States Water

In related news, Director Thomas A. Eichelberger bought 640 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average cost of $77.62 per share, for a total transaction of $49,676.80. Following the acquisition, the director now directly owns 7,006 shares of the company’s stock, valued at approximately $543,805.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mary Ann Hopkins acquired 560 shares of American States Water stock in a transaction that occurred on Thursday, May 30th. The stock was bought at an average price of $71.53 per share, with a total value of $40,056.80. Following the transaction, the director now directly owns 3,606 shares in the company, valued at $257,937.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Eichelberger acquired 640 shares of American States Water stock in a transaction that occurred on Wednesday, May 22nd. The shares were bought at an average cost of $77.62 per share, with a total value of $49,676.80. Following the transaction, the director now owns 7,006 shares in the company, valued at $543,805.72. The disclosure for this purchase can be found here. 0.82% of the stock is currently owned by company insiders.

American States Water Price Performance

Shares of AWR traded down $0.07 during midday trading on Monday, reaching $79.05. The stock had a trading volume of 45,496 shares, compared to its average volume of 223,420. The company’s 50-day moving average is $73.89 and its 200 day moving average is $73.49. American States Water has a 12-month low of $66.03 and a 12-month high of $89.73. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 4.17 and a beta of 0.46.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. American States Water had a return on equity of 13.65% and a net margin of 19.95%. The firm had revenue of $135.30 million during the quarter, compared to analysts’ expectations of $119.00 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was down 16.2% compared to the same quarter last year. On average, equities analysts predict that American States Water will post 3.01 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 20th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, May 17th. American States Water’s dividend payout ratio is presently 56.21%.

American States Water Company Profile

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.