CoreCommodity Management LLC lessened its stake in American States Water Co (NYSE:AWR) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,396 shares of the utilities provider’s stock after selling 1,532 shares during the period. CoreCommodity Management LLC’s holdings in American States Water were worth $630,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AWR. Legal & General Group Plc increased its position in American States Water by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 226,576 shares of the utilities provider’s stock worth $13,807,000 after purchasing an additional 8,549 shares during the period. Wells Fargo & Company MN increased its position in American States Water by 15.5% during the 3rd quarter. Wells Fargo & Company MN now owns 112,672 shares of the utilities provider’s stock worth $6,888,000 after purchasing an additional 15,090 shares during the period. Essex Savings Bank acquired a new position in American States Water during the 4th quarter worth approximately $144,000. Vanguard Group Inc. increased its position in American States Water by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,159,887 shares of the utilities provider’s stock worth $254,336,000 after purchasing an additional 64,527 shares during the period. Finally, Krueger & Catalano Capital Partners LLC increased its position in American States Water by 12.4% during the 4th quarter. Krueger & Catalano Capital Partners LLC now owns 4,996 shares of the utilities provider’s stock worth $335,000 after purchasing an additional 552 shares during the period. Hedge funds and other institutional investors own 71.52% of the company’s stock.

NYSE AWR opened at $70.92 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.90. American States Water Co has a 12-month low of $51.30 and a 12-month high of $72.05. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 5.97 and a beta of 0.08.

American States Water (NYSE:AWR) last released its quarterly earnings results on Monday, February 25th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $111.00 million during the quarter, compared to analyst estimates of $104.54 million. American States Water had a return on equity of 11.70% and a net margin of 14.62%. The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, equities research analysts forecast that American States Water Co will post 2 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 15th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 14th. American States Water’s dividend payout ratio is currently 63.95%.

In related news, Director James L. Anderson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $71.19, for a total value of $106,785.00. Following the sale, the director now owns 33,860 shares in the company, valued at approximately $2,410,493.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd E. Ross sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $64.88, for a total value of $32,440.00. Following the completion of the sale, the director now owns 49,279 shares in the company, valued at approximately $3,197,221.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,631 shares of company stock worth $395,007. Insiders own 1.41% of the company’s stock.

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About American States Water

American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.

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

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