Parallel Advisors LLC raised its stake in American States Water Co (NYSE:AWR) by 3,200.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,475 shares of the utilities provider’s stock after buying an additional 2,400 shares during the quarter. Parallel Advisors LLC’s holdings in American States Water were worth $222,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in AWR. Atria Investments LLC bought a new position in American States Water in the second quarter valued at approximately $2,300,000. Nuveen Asset Management LLC bought a new position in American States Water in the second quarter valued at approximately $11,533,000. Morgan Stanley lifted its stake in American States Water by 37.9% in the second quarter. Morgan Stanley now owns 398,737 shares of the utilities provider’s stock valued at $30,000,000 after buying an additional 109,565 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of American States Water by 19.6% in the second quarter. Copeland Capital Management LLC now owns 495,950 shares of the utilities provider’s stock valued at $37,315,000 after purchasing an additional 81,449 shares during the last quarter. Finally, Man Group plc raised its holdings in shares of American States Water by 40.9% in the second quarter. Man Group plc now owns 172,120 shares of the utilities provider’s stock valued at $12,950,000 after purchasing an additional 49,930 shares during the last quarter. 72.50% of the stock is currently owned by hedge funds and other institutional investors.
AWR has been the topic of a number of recent research reports. ValuEngine downgraded shares of American States Water from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a report on Thursday, August 8th.
In related news, Director Lloyd E. Ross sold 500 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $89.73, for a total transaction of $44,865.00. Following the transaction, the director now directly owns 38,105 shares in the company, valued at $3,419,161.65. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Patrick Ronald Scanlon sold 1,105 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $90.73, for a total transaction of $100,256.65. Following the transaction, the insider now owns 20,479 shares in the company, valued at $1,858,059.67. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock worth $365,371 over the last quarter. 1.24% of the stock is owned by corporate insiders.
Shares of NYSE AWR traded down $2.39 during midday trading on Friday, reaching $85.06. The company’s stock had a trading volume of 369,023 shares, compared to its average volume of 198,940. The company has a current ratio of 1.11, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82. American States Water Co has a fifty-two week low of $63.15 and a fifty-two week high of $96.00. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 5.36 and a beta of -0.12. The stock has a 50 day simple moving average of $91.85 and a 200-day simple moving average of $81.73.
American States Water (NYSE:AWR) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.03). American States Water had a net margin of 17.26% and a return on equity of 13.23%. The business had revenue of $134.50 million during the quarter, compared to analyst estimates of $135.00 million. During the same quarter last year, the business earned $0.62 earnings per share. American States Water’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts anticipate that American States Water Co will post 2.11 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.305 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.43%. American States Water’s dividend payout ratio (DPR) is presently 70.93%.
American States Water Profile
American States Water Company, through its subsidiaries, provides water and electric services to residential, 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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