Mason Street Advisors LLC raised its stake in American States Water Company (NYSE:AWR) by 7.1% during the first quarter, Holdings Channel reports. The institutional investor owned 8,555 shares of the utilities provider’s stock after buying an additional 564 shares during the period. Mason Street Advisors LLC’s holdings in American States Water Company were worth $379,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Elkfork Partners LLC acquired a new stake in American States Water Company during the fourth quarter valued at about $110,000. Ameritas Investment Partners Inc. acquired a new stake in American States Water Company during the first quarter valued at about $140,000. Pinnacle Bank acquired a new stake in American States Water Company during the first quarter valued at about $177,000. State of Alaska Department of Revenue increased its stake in American States Water Company by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock valued at $178,000 after buying an additional 80 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in American States Water Company during the fourth quarter valued at about $219,000. Institutional investors own 67.52% of the company’s stock.

Institutional Ownership by Quarter for American States Water Company (NYSE:AWR)

American States Water Company (AWR) opened at 49.17 on Tuesday. The stock has a market capitalization of $1.80 billion, a P/E ratio of 29.11 and a beta of 0.49. American States Water Company has a 52 week low of $37.47 and a 52 week high of $50.86. The stock has a 50 day moving average of $46.11 and a 200 day moving average of $44.73.

American States Water Company (NYSE:AWR) last issued its quarterly earnings data on Tuesday, May 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $98.81 million during the quarter, compared to analysts’ expectations of $95 million. American States Water Company had a return on equity of 12.72% and a net margin of 14.11%. During the same period last year, the business earned $0.28 earnings per share. On average, equities research analysts predict that American States Water Company will post $1.69 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Monday, May 15th were issued a dividend of $0.242 per share. The ex-dividend date was Thursday, May 11th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.97%. American States Water Company’s payout ratio is presently 57.74%.

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AWR has been the subject of several analyst reports. Zacks Investment Research downgraded shares of American States Water Company from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. BidaskClub upgraded shares of American States Water Company from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Finally, Barclays PLC decreased their target price on shares of American States Water Company from $43.00 to $41.00 and set an “underweight” rating for the company in a research note on Friday, March 17th.

In related news, CEO Robert J. Sprowls sold 15,200 shares of American States Water Company stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $49.00, for a total value of $744,800.00. Following the completion of the transaction, the chief executive officer now directly owns 109,454 shares of the company’s stock, valued at $5,363,246. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Sprowls sold 13,304 shares of American States Water Company stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $47.00, for a total value of $625,288.00. Following the completion of the transaction, the chief executive officer now directly owns 108,937 shares of the company’s stock, valued at $5,120,039. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,097 shares of company stock valued at $1,936,734. Company insiders own 1.43% of the company’s stock.

American States Water Company Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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