American States Water Company (AWR) Position Lowered by Profund Advisors LLC

Profund Advisors LLC decreased its position in American States Water Company (NYSE:AWR) by 21.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,450 shares of the utilities provider’s stock after selling 2,095 shares during the period. Profund Advisors LLC’s holdings in American States Water Company were worth $330,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its position in American States Water Company by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock valued at $178,000 after buying an additional 80 shares during the last quarter. Pinnacle Bank purchased a new position in shares of American States Water Company during the first quarter valued at $177,000. Louisiana State Employees Retirement System boosted its position in shares of American States Water Company by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the utilities provider’s stock valued at $660,000 after buying an additional 200 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of American States Water Company by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 60,650 shares of the utilities provider’s stock valued at $2,763,000 after buying an additional 1,573 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of American States Water Company during the fourth quarter valued at approximately $8,671,000. Hedge funds and other institutional investors own 67.52% of the company’s stock.

Institutional Ownership by Quarter for American States Water Company (NYSE:AWR)

Shares of American States Water Company (NYSE:AWR) traded down 1.54% during mid-day trading on Monday, hitting $49.17. The company’s stock had a trading volume of 129,410 shares. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 29.11 and a beta of 0.49. American States Water Company has a 1-year low of $37.47 and a 1-year high of $50.86. The company has a 50-day moving average of $45.98 and a 200 day moving average of $44.66.

American States Water Company (NYSE:AWR) last released its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. American States Water Company had a net margin of 14.11% and a return on equity of 12.72%. The business had revenue of $98.81 million during the quarter, compared to analyst estimates of $95 million. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts expect that American States Water Company will post $1.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were paid a $0.242 dividend. The ex-dividend date was Thursday, May 11th. This represents a $0.97 dividend on an annualized basis and a yield of 1.97%. American States Water Company’s dividend payout ratio is 57.74%.

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Several brokerages have recently commented on AWR. BidaskClub raised American States Water Company from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered American States Water Company from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. Finally, Barclays PLC dropped their target price on American States Water Company from $43.00 to $41.00 and set an “underweight” rating on the stock in a research report on Friday, March 17th.

In other news, insider Denise L. Kruger sold 1,250 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $44.08, for a total transaction of $55,100.00. Following the completion of the transaction, the insider now directly owns 16,928 shares in the company, valued at approximately $746,186.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Gladys Farrow sold 1,210 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $45.30, for a total transaction of $54,813.00. Following the transaction, the vice president now owns 2,357 shares of the company’s stock, valued at $106,772.10. The disclosure for this sale can be found here. Insiders sold a total of 42,097 shares of company stock valued at $1,936,734 over the last quarter. 1.43% of the stock is owned by company insiders.

American States Water Company Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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