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

Cwm LLC raised its position in shares of American States Water (NYSE:AWR) by 31.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,045 shares of the utilities provider’s stock after purchasing an additional 250 shares during the quarter. Cwm LLC’s holdings in American States Water were worth $76,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AWR. GAMMA Investing LLC boosted its holdings in shares of American States Water by 702.2% in the second quarter. GAMMA Investing LLC now owns 1,115 shares of the utilities provider’s stock worth $81,000 after buying an additional 976 shares during the period. Pathway Financial Advisers LLC purchased a new stake in shares of American States Water in the 1st quarter valued at approximately $265,000. Cetera Advisors LLC acquired a new position in American States Water in the 1st quarter worth approximately $533,000. Tidal Investments LLC grew its position in American States Water by 242.6% during the 1st quarter. Tidal Investments LLC now owns 11,100 shares of the utilities provider’s stock worth $802,000 after purchasing an additional 7,860 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in American States Water by 63.2% during the 1st quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock valued at $1,966,000 after purchasing an additional 10,538 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American States Water news, Director Mary Ann Hopkins bought 560 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was bought at an average cost of $71.53 per share, with a total value of $40,056.80. Following the completion of the transaction, the director now directly owns 3,606 shares of the company’s stock, valued at approximately $257,937.18. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other American States Water news, Director Mary Ann Hopkins purchased 560 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were acquired at an average price of $71.53 per share, for a total transaction of $40,056.80. Following the acquisition, the director now owns 3,606 shares of the company’s stock, valued at $257,937.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas A. Eichelberger acquired 640 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $77.62 per share, with a total value of $49,676.80. Following the completion of the acquisition, the director now directly owns 7,006 shares of the company’s stock, valued at approximately $543,805.72. The disclosure for this purchase can be found here. 0.82% of the stock is currently owned by corporate insiders.

American States Water Trading Down 0.3 %

American States Water stock opened at $82.32 on Monday. American States Water has a 12 month low of $66.03 and a 12 month high of $87.84. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.08 billion, a P/E ratio of 26.90, a P/E/G ratio of 4.31 and a beta of 0.46. The company’s fifty day simple moving average is $76.69 and its 200-day simple moving average is $74.17.

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

American States Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a $0.4655 dividend. The ex-dividend date is Friday, August 16th. This represents a $1.86 dividend on an annualized basis and a yield of 2.26%. This is an increase from American States Water’s previous quarterly dividend of $0.43. American States Water’s dividend payout ratio is currently 56.21%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company raised shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.

American States Water Company 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.