California State Teachers Retirement System lowered its stake in shares of American States Water Company (NYSE:AWR) by 10.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,309 shares of the utilities provider’s stock after selling 7,619 shares during the period. California State Teachers Retirement System owned approximately 0.18% of American States Water worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AWR. UBS Asset Management Americas Inc. boosted its holdings in American States Water by 52.4% during the first quarter. UBS Asset Management Americas Inc. now owns 26,975 shares of the utilities provider’s stock worth $1,195,000 after buying an additional 9,274 shares during the last quarter. Teachers Advisors LLC boosted its holdings in American States Water by 3.7% during the first quarter. Teachers Advisors LLC now owns 62,895 shares of the utilities provider’s stock worth $2,786,000 after buying an additional 2,245 shares during the last quarter. California Public Employees Retirement System boosted its holdings in American States Water by 7.5% during the first quarter. California Public Employees Retirement System now owns 79,100 shares of the utilities provider’s stock worth $3,504,000 after buying an additional 5,500 shares during the last quarter. Vanguard Group Inc. boosted its holdings in American States Water by 5.8% during the first quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock worth $163,649,000 after buying an additional 201,727 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in American States Water by 9,491.3% during the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock worth $203,346,000 after buying an additional 4,542,365 shares during the last quarter. Hedge funds and other institutional investors own 63.73% of the company’s stock.

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In other news, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $53.88, for a total transaction of $67,350.00. Following the sale, the insider now owns 8,216 shares of the company’s stock, valued at $442,678.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lloyd E. Ross sold 600 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.72, for a total value of $31,032.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,473 shares of company stock worth $703,859. 1.49% of the stock is currently owned by insiders.

Shares of American States Water Company (NYSE:AWR) opened at $53.95 on Thursday. The company has a market capitalization of $1,960.14, a PE ratio of 29.20, a PEG ratio of 6.26 and a beta of 0.46. The company has a current ratio of 0.97, a quick ratio of 1.03 and a debt-to-equity ratio of 0.61. American States Water Company has a 1 year low of $38.21 and a 1 year high of $56.31.

American States Water (NYSE:AWR) last released its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $124.40 million for the quarter, compared to analyst estimates of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. research analysts forecast that American States Water Company will post 1.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, November 14th. American States Water’s dividend payout ratio is currently 55.74%.

A number of brokerages have issued reports on AWR. BidaskClub cut American States Water from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Wells Fargo & Company raised their target price on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, October 3rd. US Capital Advisors restated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a report on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $51.00.

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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