3,512 Shares in American States Water Company (AWR) Purchased by IndexIQ Advisors LLC

IndexIQ Advisors LLC bought a new position in American States Water Company (NYSE:AWR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,512 shares of the utilities provider’s stock, valued at approximately $166,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AWR. BlackRock Inc. raised its holdings in American States Water by 9,491.3% in the 1st quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after buying an additional 4,542,365 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in American States Water by 6,094.1% during the 1st quarter. OppenheimerFunds Inc. now owns 381,061 shares of the utilities provider’s stock worth $16,880,000 after purchasing an additional 374,909 shares during the last quarter. Vanguard Group Inc. raised its holdings in American States Water by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock worth $163,649,000 after purchasing an additional 201,727 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in American States Water by 146.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 204,526 shares of the utilities provider’s stock worth $9,061,000 after purchasing an additional 121,560 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in American States Water by 19.8% during the 1st quarter. First Trust Advisors LP now owns 508,615 shares of the utilities provider’s stock worth $22,532,000 after purchasing an additional 83,918 shares during the last quarter. Institutional investors and hedge funds own 65.48% of the company’s stock.

American States Water Company (NYSE AWR) opened at 50.51 on Friday. The firm’s 50-day moving average price is $49.73 and its 200 day moving average price is $46.72. The company has a market capitalization of $1.85 billion, a PE ratio of 27.26 and a beta of 0.45. American States Water Company has a 52 week low of $37.47 and a 52 week high of $51.75.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. American States Water’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. Equities research analysts expect that American States Water Company will post $1.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a $0.255 dividend. This is a boost from American States Water’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 2.02%. American States Water’s dividend payout ratio is presently 55.14%.

AWR has been the subject of several analyst reports. BidaskClub lowered shares of American States Water from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

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In related news, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction dated Monday, September 4th. The stock was sold at an average price of $36.95, for a total value of $201,377.50. Following the completion of the transaction, the director now owns 48,963 shares of the company’s stock, valued at approximately $1,809,182.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James B. Gallagher sold 1,932 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $50.97, for a total value of $98,474.04. Following the completion of the transaction, the vice president now directly owns 23,667 shares of the company’s stock, valued at approximately $1,206,306.99. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock valued at $1,567,120 in the last ninety days. 1.49% of the stock is currently owned by insiders.

American States Water 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).

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

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