D.A. Davidson & CO. Has $7.57 Million Stock Holdings in American States Water (NYSE:AWR)

D.A. Davidson & CO. boosted its position in shares of American States Water (NYSE:AWR) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 97,365 shares of the utilities provider’s stock after buying an additional 662 shares during the quarter. D.A. Davidson & CO. owned approximately 0.26% of American States Water worth $7,567,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of American States Water during the 4th quarter valued at $30,000. Blue Trust Inc. raised its position in shares of American States Water by 367.3% during 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. Assetmark Inc. bought a new stake in shares of American States Water during the 3rd quarter valued at $50,000. Farther Finance Advisors LLC raised its position in shares of American States Water by 18,820.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 941 shares during the last quarter. Finally, KBC Group NV raised its position in shares of American States Water by 31.9% during the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

AWR has been the subject of several recent research reports. Bank of America cut shares of 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 report on Monday, February 3rd. StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $84.00 to $77.00 in a research report on Tuesday, January 7th.

American States Water Price Performance

AWR opened at $74.48 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a fifty day simple moving average of $75.57 and a 200 day simple moving average of $80.55. The stock has a market cap of $2.79 billion, a P/E ratio of 25.08, a P/E/G ratio of 12.68 and a beta of 0.53.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. American States Water had a net margin of 19.26% and a return on equity of 13.53%. On average, research analysts expect that American States Water will post 3.01 EPS for the current year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, February 18th. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

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.