Strs Ohio lowered its stake in shares of American States Water Company (NYSE:AWR) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the utilities provider’s stock after selling 5,000 shares during the period. Strs Ohio’s holdings in American States Water were worth $2,607,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new position in American States Water during the first quarter valued at about $140,000. Pinnacle Bank bought a new position in American States Water during the first quarter valued at about $177,000. State of Alaska Department of Revenue increased its position 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 during the last quarter. Envestnet Asset Management Inc. increased its position in American States Water by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,280 shares of the utilities provider’s stock valued at $235,000 after buying an additional 450 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its position 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 during the last quarter. 67.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of American States Water Company (NYSE AWR) opened at 51.38 on Thursday. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.38. The firm has a market capitalization of $1.88 billion, a PE ratio of 27.76 and a beta of 0.47. The stock has a 50 day moving average of $48.48 and a 200-day moving average of $45.72.

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

The company also recently announced 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.99%. This is a positive change from American States Water’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, August 11th. American States Water’s dividend payout ratio is 52.43%.

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Several equities analysts have issued reports on AWR shares. BidaskClub downgraded shares of American States Water from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th.

In other news, Director Anne M. Holloway sold 5,450 shares of the company’s 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 completion of the transaction, the director now owns 48,963 shares of the company’s stock, valued at approximately $1,809,182.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert J. Sprowls sold 5,614 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $51.00, for a total transaction of $286,314.00. Following the transaction, the chief executive officer now directly owns 111,346 shares of the company’s stock, valued at approximately $5,678,646. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,178 shares of company stock worth $2,167,705. 1.43% of the stock is owned by insiders.

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

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