Geode Capital Management LLC Grows Stake in American States Water (NYSE:AWR)

Geode Capital Management LLC lifted its position in American States Water (NYSE:AWR - Free Report) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 850,878 shares of the utilities provider's stock after acquiring an additional 13,024 shares during the quarter. Geode Capital Management LLC owned 2.27% of American States Water worth $70,884,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in American States Water in the third quarter worth about $50,000. Farther Finance Advisors LLC raised its holdings in shares of American States Water by 18,820.0% in the third quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider's stock worth $79,000 after buying an additional 941 shares during the period. Quarry LP bought a new stake in shares of American States Water during the 2nd quarter worth approximately $80,000. KBC Group NV boosted its holdings in American States Water by 31.9% during the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider's stock valued at $103,000 after acquiring an additional 299 shares during the period. Finally, CWM LLC grew its position in American States Water by 33.3% in the 3rd quarter. CWM LLC now owns 1,393 shares of the utilities provider's stock valued at $116,000 after acquiring an additional 348 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Up 0.1 %

NYSE AWR traded up $0.05 on Friday, reaching $79.51. 513,890 shares of the stock traded hands, compared to its average volume of 219,971. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The company has a fifty day moving average price of $83.93 and a 200-day moving average price of $80.67. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 6.77 and a beta of 0.51.

American States Water (NYSE:AWR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). The business had revenue of $161.78 million during the quarter, compared to analysts' expectations of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The firm's revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts forecast that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, November 15th. American States Water's dividend payout ratio (DPR) is 62.63%.

Analyst Upgrades and Downgrades

AWR has been the subject of several research analyst reports. Bank of America assumed coverage on American States Water in a research report on Wednesday, December 11th. They set a "neutral" rating and a $85.00 target price for the company. StockNews.com cut shares of American States Water from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.