Kelly Lawrence W & Associates Inc. CA continued to hold its stake in American States Water Company (NYSE:AWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,780 shares of the utilities provider’s stock at the end of the second quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in American States Water were worth $132,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AWR. State of Alaska Department of Revenue raised 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 valued at $178,000 after buying an additional 80 shares in the last quarter. Eqis Capital Management Inc. raised its stake in American States Water by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 13,442 shares of the utilities provider’s stock valued at $637,000 after buying an additional 93 shares in the last quarter. IFP Advisors Inc raised its stake in American States Water by 1.9% in the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after buying an additional 101 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in American States Water by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 15,165 shares of the utilities provider’s stock valued at $672,000 after buying an additional 139 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in American States Water by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 6,151 shares of the utilities provider’s stock valued at $270,000 after buying an additional 174 shares in the last quarter. Institutional investors own 67.57% of the company’s stock.

Shares of American States Water Company (AWR) opened at 50.56 on Wednesday. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 27.31 and a beta of 0.47. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.10. The stock’s 50 day moving average is $48.34 and its 200 day moving average is $45.52.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. During the same period in the prior year, the company posted $0.45 earnings per share. American States Water’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that American States Water Company will post $1.70 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a $0.255 dividend. The ex-dividend date is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 2.02%. American States Water’s dividend payout ratio is 52.43%.

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Several analysts have issued reports on the stock. BidaskClub upgraded shares of American States Water from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.

In other American States Water news, Director Anne M. Holloway sold 5,450 shares of the stock in a transaction dated Monday, September 4th. The shares were sold at an average price of $36.95, for a total transaction of $201,377.50. Following the sale, the director now directly owns 48,963 shares in the company, valued at $1,809,182.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Gladys Farrow sold 1,210 shares of the stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $45.30, for a total transaction of $54,813.00. Following the sale, the vice president now owns 2,357 shares in the company, valued at $106,772.10. The disclosure for this sale can be found here. Insiders sold 46,178 shares of company stock worth $2,167,705 over the last 90 days. 1.43% of the stock is currently 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).

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

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