Legal & General Group Plc raised its stake in American States Water Co (NYSE:AWR) by 3.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,491 shares of the utilities provider’s stock after acquiring an additional 5,462 shares during the period. Legal & General Group Plc owned 0.48% of American States Water worth $8,692,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Pinebridge Investments L.P. boosted its stake in American States Water by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 4,824 shares of the utilities provider’s stock valued at $229,000 after acquiring an additional 51 shares during the period. IFP Advisors Inc boosted its position in shares of American States Water by 1.9% during the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock worth $263,000 after buying an additional 101 shares during the period. Amalgamated Bank boosted its position in shares of American States Water by 3.1% during the second quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock worth $238,000 after buying an additional 152 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of American States Water by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock worth $2,165,000 after buying an additional 239 shares during the period. Finally, Texas Permanent School Fund boosted its position in shares of American States Water by 0.9% during the second quarter. Texas Permanent School Fund now owns 26,734 shares of the utilities provider’s stock worth $1,267,000 after buying an additional 245 shares during the period. Institutional investors own 65.00% of the company’s stock.

Several brokerages have recently issued reports on AWR. Wells Fargo & Company boosted their price objective on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Monday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.00.

American States Water Co (AWR) opened at $55.08 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2,018.09, a P/E ratio of 30.07, a PEG ratio of 8.00 and a beta of 0.48. American States Water Co has a 52-week low of $41.14 and a 52-week high of $58.11.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share. research analysts anticipate that American States Water Co will post 1.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $1.02 annualized dividend and a dividend yield of 1.85%. American States Water’s dividend payout ratio is presently 55.74%.

In other American States Water news, Director Anne M. Holloway sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $55.00, for a total value of $55,000.00. Following the completion of the sale, the director now directly owns 38,399 shares in the company, valued at $2,111,945. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction that occurred on 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. Over the last quarter, insiders have sold 5,775 shares of company stock valued at $311,573. Insiders own 1.49% of the company’s stock.

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American States Water 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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