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The Independent Advisor Alliance reduced its holding in American States Water (NYSE:AWR – Get Rating) by 37.7% in the third quarter, according to the company in its latest disclosure to the SEC. The institutional investor sold 5,044 of his shares during the quarter, after which he owned 8,331 shares of the utility company. The Independent Advisor Alliance’s holdings in American States Water were valued at $649,000 as of the latest filing with the SEC.
Several other institutional investors have also changed their holdings in the business. Russell Investments Group Ltd. upped his position in American States Water shares by 95.5% in the third quarter. Russell Investments Group Ltd. now owns 48,906 shares in the utility company worth $3,810,000 after purchasing an additional 23,886 shares in him last quarter. EULAV Asset Management purchased new shares in American States Water worth approximately $460,000 in the third quarter. Creative Planning increased its stake in American States Water by 20.2% in the third quarter. Creative Planning owns 16,644 shares of the utility company worth $1,297,000 after purchasing an additional 2,794 shares of him last quarter. Jones Financial Companies Lllp purchased a new position in American States Water stock for approximately $39,000 in the third quarter. Finally, Royce & Associates LP increased its stake in American States Water by 69.1% in the third quarter. Royce & Associates LP owns 10,219 shares of the utility company valued at $797,000 after purchasing an additional 4,177 shares last quarter. Institutional investors and hedge funds own 74.09% of the company’s shares.
US state water bill performance
AWR shares opened at $96.10 on Thursday. American States Water has a 12-month low of $71.22 and a 12-month high of $100.50. The company has a debt to equity ratio of 0.64, a current ratio of 0.37 and a quick ratio of 0.34. The stock has a 50-day moving average price of $95.51 and a 200-day moving average price of $89.08. The company has a market cap of $3.55 billion, a P/E of 44.49 and a beta of 0.40.
American Stateswater (NYSE:AWR – Get Rating) last reported quarterly results on Monday, November 7. The utility company reported earnings per share (EPS) of $0.69 for the quarter, well below consensus expectations of $0.70 ($0.01). American States Water had a net profit margin of 16.59% and a return on equity of 12.47%. The company’s revenue for the quarter was $134.98 million, compared with analyst estimates of $143 million. On average, research analysts expect American States Water to post earnings of 2.5 per share this year.
American State Water Dividend Announcement
The company recently announced a quarterly dividend, which was paid out on Thursday, December 1st. Shareholders of record on Tuesday, November 15 were paid a dividend of $0.3975. The ex-dividend date was Monday, November 14. This represents his $1.59 dividend and his 1.65% dividend yield on an annualized basis. American States Water currently has a payout percentage of 73.61%.
Wall Street analyst opinion
Several brokerage firms have recently commented on AWR. Wells Fargo & Company increased its target price for American States Water from $90.00 to $96.00 in a research report on Wednesday, December 14th. UBS Group featured shares in American State Water in a report on Wednesday, November 30th. They set a “sell” rating and a price target of $92.00. StockNews.com began coverage of American States Water’s stock with a report on Wednesday, October 12th. They issued a “pending” rating to the company. Finally, Seaport Res Ptn downgraded American States Water’s stock from a ‘buy’ rating to a ‘neutral’ rating in a research note on Thursday, January 5. Three equity research analysts gave the stock a sell rating and two issued hold ratings to the company. According to MarketBeat data, the company’s current average rating is ‘reduced’ with a consensus price target of $89.33.
Americas Water Company Overview
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Want to know which other hedge funds hold AWR? Visit HoldingsChannel.com to get the latest American States Water (NYSE:AWR – Get Rating) 13F filings and insider trading.
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