Asset Planning Inc Makes New $113,000 Investment in American States Water (NYSE:AWR)

Asset Planning Inc purchased a new stake in American States Water (NYSE:AWR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,450 shares of the utilities provider’s stock, valued at approximately $113,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AWR. Van ECK Associates Corp grew its holdings in American States Water by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 11,077 shares of the utilities provider’s stock worth $861,000 after purchasing an additional 831 shares during the period. Allspring Global Investments Holdings LLC raised its position in American States Water by 332.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 101,222 shares of the utilities provider’s stock valued at $7,753,000 after purchasing an additional 77,792 shares in the last quarter. Louisiana State Employees Retirement System raised its position in American States Water by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the utilities provider’s stock valued at $1,422,000 after purchasing an additional 200 shares in the last quarter. First National Corp MA ADV acquired a new position in shares of American States Water during the fourth quarter worth $992,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of American States Water during the fourth quarter worth $30,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Performance

Shares of NYSE AWR opened at $75.07 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The firm has a fifty day moving average price of $76.20 and a 200-day moving average price of $80.81. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The stock has a market cap of $2.81 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 12.59 and a beta of 0.53.

American States Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be paid a $0.4655 dividend. This represents a $1.86 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Tuesday, February 18th. American States Water’s dividend payout ratio is currently 62.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AWR shares. Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $84.00 to $77.00 in a research report on Tuesday, January 7th. Bank of America downgraded shares of American States Water from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $85.00 to $71.00 in a report on Monday, February 3rd. Finally, StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

American States Water 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.