Cliftonlarsonallen Wealth Advisors LLC Holds Position in American States Water Company (AWR)
Cliftonlarsonallen Wealth Advisors LLC held its stake in American States Water Company (NYSE:AWR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,876 shares of the utilities provider’s stock at the end of the second quarter. Cliftonlarsonallen Wealth Advisors LLC owned 0.05% of American States Water worth $942,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in American States Water during the fourth quarter worth $8,671,000. Teachers Advisors LLC boosted its stake in American States Water by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 60,650 shares of the utilities provider’s stock worth $2,763,000 after buying an additional 1,573 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in American States Water by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the utilities provider’s stock worth $660,000 after buying an additional 200 shares in the last quarter. Pinnacle Bank purchased a new stake in American States Water during the first quarter worth $177,000. Finally, State of Alaska Department of Revenue boosted its stake in American States Water by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock worth $178,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.57% of the company’s stock.
Shares of American States Water Company (NYSE AWR) opened at 50.82 on Tuesday. The firm’s 50-day moving average price is $48.33 and its 200-day moving average price is $45.43. American States Water Company has a one year low of $37.47 and a one year high of $51.01. The firm has a market cap of $1.86 billion, a PE ratio of 27.46 and a beta of 0.47.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts expect that American States Water Company will post $1.70 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.255 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.02 annualized dividend and a dividend yield of 2.01%. This is a boost from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio is currently 52.43%.
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A number of brokerages have commented on AWR. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. BidaskClub upgraded American States Water from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th.
In other American States Water news, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction on Monday, September 4th. The stock was sold at an average price of $36.95, for a total value of $201,377.50. Following the transaction, the director now owns 48,963 shares of the company’s stock, valued at $1,809,182.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Denise L. Kruger sold 1,250 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $45.62, for a total value of $57,025.00. Following the completion of the transaction, the insider now directly owns 15,697 shares in the company, valued at approximately $716,097.14. The disclosure for this sale can be found here. Insiders sold 40,564 shares of company stock worth $1,881,391 in the last ninety days. 1.43% of the stock is owned by corporate insiders.
About American States Water
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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