US Bancorp DE reduced its position in American States Water (NYSE:AWR – Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,422 shares of the utilities provider’s stock after selling 300 shares during the period. US Bancorp DE’s holdings in American States Water were worth $464,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Assetmark Inc. lifted its holdings in shares of American States Water by 633.3% in the 4th quarter. Assetmark Inc. now owns 352 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 304 shares in the last quarter. Northwest Financial Advisors bought a new position in shares of American States Water in the 4th quarter worth $32,000. Principal Securities Inc. bought a new position in shares of American States Water in the 4th quarter worth $34,000. TFO Wealth Partners LLC lifted its holdings in shares of American States Water by 44,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 441 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 440 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in shares of American States Water in the 4th quarter worth $76,000. 75.24% of the stock is currently owned by institutional investors.
Insider Buying and Selling at American States Water
In related news, Director Mary Ann Hopkins acquired 560 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were acquired at an average cost of $71.53 per share, for a total transaction of $40,056.80. Following the purchase, the director now owns 3,606 shares in the company, valued at $257,937.18. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other American States Water news, Director Thomas A. Eichelberger bought 640 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was purchased at an average cost of $77.62 per share, with a total value of $49,676.80. Following the transaction, the director now directly owns 7,006 shares in the company, valued at approximately $543,805.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary Ann Hopkins bought 560 shares of the firm’s stock in a transaction dated Thursday, May 30th. The shares were acquired 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 owns 3,606 shares in the company, valued at $257,937.18. The disclosure for this purchase can be found here. Company insiders own 0.82% of the company’s stock.
Analysts Set New Price Targets
Separately, Wells Fargo & Company increased their target price on American States Water from $77.00 to $80.00 and gave the stock an “underweight” rating in a report on Thursday, May 9th.
Check Out Our Latest Analysis on American States Water
American States Water Price Performance
Shares of NYSE:AWR opened at $81.29 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $74.05 and its two-hundred day simple moving average is $73.62. American States Water has a 1-year low of $66.03 and a 1-year high of $89.73. The stock has a market cap of $3.03 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 4.21 and a beta of 0.46.
American States Water (NYSE:AWR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. American States Water had a return on equity of 13.65% and a net margin of 19.95%. The business had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $119.00 million. During the same period last year, the business earned $0.54 EPS. The business’s revenue was down 16.2% on a year-over-year basis. As a group, analysts forecast that American States Water will post 3.01 EPS for the current fiscal year.
American States Water Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Friday, May 17th. American States Water’s dividend payout ratio (DPR) is presently 56.21%.
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
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