Capstone Asset Management Co. lowered its stake in shares of American States Water Company (NYSE:AWR) by 10.3% during the second quarter, Holdings Channel reports. The institutional investor owned 6,942 shares of the utilities provider’s stock after selling 800 shares during the period. Capstone Asset Management Co.’s holdings in American States Water were worth $329,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Independence Advisors LLC bought a new position in American States Water during the second quarter valued at $11,406,000. Water Asset Management LLC increased its position in American States Water by 8.5% in the first quarter. Water Asset Management LLC now owns 211,500 shares of the utilities provider’s stock valued at $9,369,000 after buying an additional 16,634 shares in the last quarter. Investment Centers of America Inc. increased its position in American States Water by 15.5% in the first quarter. Investment Centers of America Inc. now owns 8,441 shares of the utilities provider’s stock valued at $373,000 after buying an additional 1,130 shares in the last quarter. State Street Corp increased its position in American States Water by 5.0% in the first quarter. State Street Corp now owns 950,772 shares of the utilities provider’s stock valued at $42,119,000 after buying an additional 45,547 shares in the last quarter. Finally, Bank of America Corp DE increased its position in American States Water by 45.8% in the first quarter. Bank of America Corp DE now owns 123,701 shares of the utilities provider’s stock valued at $5,479,000 after buying an additional 38,855 shares in the last quarter. 67.57% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Company (AWR) traded down 3.58% during trading on Friday, hitting $49.36. The stock had a trading volume of 40,564 shares. The company’s 50 day moving average is $48.58 and its 200-day moving average is $45.76. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.75. The company has a market cap of $1.81 billion, a PE ratio of 26.64 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 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $113.20 million during 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 business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. On average, equities research analysts predict that American States Water Company will post $1.70 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.255 per share. This is a boost from American States Water’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.02 annualized dividend and a yield of 1.98%. American States Water’s dividend payout ratio (DPR) is 52.43%.

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Several equities analysts have recently weighed in on the company. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Finally, Zacks Investment Research downgraded 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, VP Gladys Farrow sold 1,210 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.30, for a total transaction of $54,813.00. Following the completion of the sale, the vice president now owns 2,357 shares of the company’s stock, valued at $106,772.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP James B. Gallagher sold 1,932 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $50.97, for a total value of $98,474.04. Following the sale, the vice president now directly owns 23,667 shares of the company’s stock, valued at approximately $1,206,306.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 57,696 shares of company stock valued at $2,755,161. 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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