CoreCap Advisors LLC Makes New Investment in American States Water Company $AWR

CoreCap Advisors LLC acquired a new position in shares of American States Water Company (NYSE:AWR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 83,073 shares of the utilities provider’s stock, valued at approximately $6,839,000. CoreCap Advisors LLC owned about 0.21% of American States Water as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in American States Water in the 2nd quarter worth about $26,000. Motiv8 Investments LLC acquired a new position in shares of American States Water during the 4th quarter valued at about $45,000. Plato Investment Management Ltd acquired a new position in shares of American States Water during the 2nd quarter valued at about $51,000. Continuum Advisory LLC purchased a new position in shares of American States Water during the 2nd quarter worth about $61,000. Finally, Persistent Asset Partners Ltd purchased a new position in shares of American States Water during the 2nd quarter worth about $63,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AWR shares. Weiss Ratings upgraded shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Freedom Capital raised shares of American States Water to a “hold” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

American States Water Trading Up 0.5%

Shares of American States Water stock traded up $0.44 during trading hours on Thursday, reaching $81.90. The stock had a trading volume of 259,046 shares, compared to its average volume of 290,644. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 3.08 and a beta of 0.56. American States Water Company has a 1 year low of $69.45 and a 1 year high of $91.72. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. The firm has a 50 day simple moving average of $86.42 and a two-hundred day simple moving average of $81.71.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The business had revenue of $181.29 million during the quarter, compared to analysts’ expectations of $171.72 million. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, equities research analysts anticipate that American States Water Company will post 3.68 earnings per share for the current year.

American States Water Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were given a dividend of $0.5455 per share. This is a positive change from American States Water’s previous quarterly dividend of $0.5040. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.18 dividend on an annualized basis and a yield of 2.7%. American States Water’s dividend payout ratio is currently 59.73%.

Insider Transactions at American States Water

In other American States Water news, Director Anne Holloway sold 900 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the transaction, the director directly owned 38,518 shares of the company’s stock, valued at $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

About American States Water

American States Water Company (NYSE: AWR) is a holding company that provides regulated water and electric utility services, as well as water and wastewater operations for military installations. The company serves residential, commercial, industrial, and public-sector customers through its subsidiaries.

Golden State Water Company operates regulated water systems in California, supplying drinking water and related services to communities across the state. Bear Valley Electric Service provides regulated electric distribution service in the mountain communities of California’s San Bernardino County.

Through American States Utility Services, Inc, the company operates and maintains water and wastewater systems at U.S.