California State Teachers Retirement System lessened its stake in shares of American States Water Co (NYSE:AWR) by 9.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,118 shares of the utilities provider’s stock after selling 6,191 shares during the quarter. California State Teachers Retirement System’s holdings in American States Water were worth $2,862,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its position in shares of American States Water by 1.1% during the 2nd 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 last quarter. Amalgamated Bank boosted its position in shares of American States Water by 3.1% during the 2nd quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock valued at $238,000 after acquiring an additional 152 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of American States Water by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock valued at $2,165,000 after acquiring an additional 239 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of American States Water by 5.8% during the 2nd quarter. Franklin Resources Inc. now owns 5,079 shares of the utilities provider’s stock valued at $241,000 after acquiring an additional 279 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of American States Water by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after acquiring an additional 609 shares during the last quarter. 64.98% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Zacks Investment Research downgraded American States Water from a “buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Co downgraded American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target for the company. in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. American States Water currently has a consensus rating of “Hold” and an average price target of $50.67.

In related news, Director Lloyd E. Ross sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $55.79, for a total value of $61,369.00. Following the completion of the sale, the director now owns 50,706 shares in the company, valued at approximately $2,828,887.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Holloway sold 1,000 shares of the business’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 owns 38,399 shares of the company’s stock, valued at approximately $2,111,945. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,025 shares of company stock valued at $279,898. Corporate insiders own 1.49% of the company’s stock.

Shares of American States Water Co (AWR) opened at $55.26 on Friday. The stock has a market capitalization of $2,020.00, a PE ratio of 30.20, a PEG ratio of 7.78 and a beta of 0.48. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. American States Water Co has a 12-month low of $41.14 and a 12-month high of $58.44.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share (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 the consensus estimate of $145.78 million. American States Water had a net margin of 15.28% and a return on equity of 13.34%. The business’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. sell-side analysts forecast that American States Water Co will post 1.72 earnings per share for the current year.

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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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