American States Water (NYSE:AWR) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of American States Water (NYSE:AWR) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,042 shares of the utilities provider’s stock after selling 328 shares during the quarter. Amalgamated Bank’s holdings in American States Water were worth $920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in AWR. CWM LLC increased its holdings in shares of American States Water by 31.4% in the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 250 shares during the period. Arizona State Retirement System raised its holdings in shares of American States Water by 2.5% in the second quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock valued at $756,000 after buying an additional 258 shares during the last quarter. QRG Capital Management Inc. boosted its stake in shares of American States Water by 9.6% during the second quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider’s stock worth $223,000 after buying an additional 269 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in shares of American States Water by 3.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider’s stock worth $735,000 after buying an additional 269 shares during the last quarter. Finally, First Pacific Financial increased its position in American States Water by 3.4% in the 3rd quarter. First Pacific Financial now owns 8,783 shares of the utilities provider’s stock valued at $732,000 after acquiring an additional 291 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AWR. StockNews.com upgraded shares of American States Water from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.

American States Water Stock Performance

Shares of AWR stock opened at $83.67 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 4.51 and a beta of 0.49. American States Water has a one year low of $66.03 and a one year high of $87.50. The company has a 50 day moving average price of $83.70 and a 200 day moving average price of $79.13.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The firm had revenue of $161.78 million during the quarter, compared to analysts’ expectations of $161.00 million. American States Water had a net margin of 19.26% and a return on equity of 13.53%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 earnings per share. Sell-side analysts anticipate that American States Water will post 3.02 EPS for the current year.

American States Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.4655 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.23%. American States Water’s dividend payout ratio is currently 62.63%.

Insider Buying and Selling at American States Water

In related news, Director Anne M. Holloway sold 500 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares of the company’s stock, valued at $3,115,801.91. This represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.82% of the stock is owned by company insiders.

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.