American States Water (NYSE:AWR) Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in American States Water (NYSE:AWR) by 33.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,393 shares of the utilities provider’s stock after purchasing an additional 348 shares during the quarter. Cwm LLC’s holdings in American States Water were worth $116,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of American States Water by 34.9% during the third quarter. GAMMA Investing LLC now owns 1,504 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 389 shares in the last quarter. Handelsbanken Fonder AB grew its stake in American States Water by 33.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 12,676 shares of the utilities provider’s stock worth $1,056,000 after buying an additional 3,200 shares during the last quarter. Regency Capital Management Inc. DE acquired a new position in American States Water during the third quarter worth approximately $337,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in American States Water in the second quarter valued at approximately $1,161,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of American States Water in the second quarter valued at approximately $130,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Trading Down 1.2 %

Shares of AWR stock opened at $82.34 on Friday. The company has a market capitalization of $3.08 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 4.38 and a beta of 0.49. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $82.89 and its two-hundred day moving average is $77.65. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). The firm had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $138.00 million. American States Water had a net margin of 18.85% and a return on equity of 13.45%. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. Equities analysts forecast that American States Water will post 3.03 EPS for the current year.

American States Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from American States Water’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, August 16th. American States Water’s payout ratio is 64.81%.

Insider Buying and Selling

In other American States Water news, Director Anne M. Holloway sold 500 shares of American States Water stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the sale, the director now owns 38,519 shares of the company’s stock, valued at approximately $3,115,801.91. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AWR has been the subject of several research reports. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised shares of American States Water from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $80.00 to $87.00 in a report on Wednesday, July 31st.

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.