American States Water Company $AWR Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of American States Water Company (NYSE:AWR) by 26.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,505 shares of the utilities provider’s stock after acquiring an additional 25,581 shares during the period. ProShare Advisors LLC owned about 0.31% of American States Water worth $10,086,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its position in American States Water by 22.7% during the third quarter. Signaturefd LLC now owns 707 shares of the utilities provider’s stock worth $58,000 after buying an additional 131 shares during the period. Arizona State Retirement System boosted its holdings in American States Water by 1.4% in the 2nd quarter. Arizona State Retirement System now owns 10,784 shares of the utilities provider’s stock worth $891,000 after acquiring an additional 151 shares during the period. Farther Finance Advisors LLC grew its holdings in American States Water by 3.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,583 shares of the utilities provider’s stock valued at $624,000 after purchasing an additional 246 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of American States Water by 2.6% during the third quarter. Oppenheimer & Co. Inc. now owns 9,900 shares of the utilities provider’s stock valued at $815,000 after acquiring an additional 255 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of American States Water by 7.8% during the second quarter. Allworth Financial LP now owns 3,568 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American States Water Stock Performance

American States Water stock opened at $87.05 on Wednesday. American States Water Company has a 52 week low of $69.50 and a 52 week high of $91.72. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.45 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 3.31 and a beta of 0.54. The stock has a 50 day moving average of $85.11 and a 200-day moving average of $80.19.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $181.29 million during the quarter, compared to analyst estimates of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The business’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. On average, analysts expect that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be issued a dividend of $0.5455 per share. This represents a $2.18 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. American States Water’s dividend payout ratio (DPR) is currently 59.73%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of American States Water in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, American States Water currently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other news, Director Anne Holloway sold 900 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the sale, the director owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

American States Water Company Profile

American States Water Company (NYSE:AWR) is a water and utility services company that provides regulated water and electric services, as well as contracted operations and maintenance services. The company serves residential, commercial, industrial and public-sector customers through its operating subsidiaries.

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.