Fifth Third Bancorp lifted its position in American States Water (NYSE:AWR – Free Report) by 370.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,181 shares of the utilities provider’s stock after acquiring an additional 930 shares during the period. Fifth Third Bancorp’s holdings in American States Water were worth $95,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. bought a new position in shares of American States Water in the third quarter valued at $224,000. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of American States Water by 69.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,000 shares of the utilities provider’s stock valued at $1,338,000 after buying an additional 6,959 shares in the last quarter. UBS Group AG grew its stake in shares of American States Water by 23.3% in the third quarter. UBS Group AG now owns 74,115 shares of the utilities provider’s stock valued at $5,831,000 after buying an additional 14,024 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in American States Water by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 356,543 shares of the utilities provider’s stock worth $28,053,000 after purchasing an additional 11,236 shares during the period. Finally, Alps Advisors Inc. boosted its position in American States Water by 57.1% during the third quarter. Alps Advisors Inc. now owns 5,729 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 2,082 shares during the period. 75.24% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wells Fargo & Company reduced their price objective on shares of American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd.
Check Out Our Latest Research Report on American States Water
Insider Transactions at American States Water
In other news, Director Thomas A. Eichelberger bought 1,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $71.21 per share, with a total value of $99,694.00. Following the completion of the acquisition, the director now owns 5,850 shares of the company’s stock, valued at $416,578.50. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.82% of the company’s stock.
American States Water Trading Up 0.7 %
AWR stock opened at $70.82 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.13. The company has a fifty day moving average price of $72.80 and a two-hundred day moving average price of $77.09. American States Water has a one year low of $68.80 and a one year high of $95.07. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.68 and a beta of 0.43.
American States Water (NYSE:AWR – Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The firm had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $132.00 million. During the same period in the previous year, the business posted $0.42 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts anticipate that American States Water will post 3.01 EPS for the current year.
American States Water Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, February 16th. American States Water’s dividend payout ratio is currently 51.04%.
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.
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Source: defenseworld.net
