State Street Corp Reduces Stock Position in American States Water (NYSE:AWR)

State Street Corp trimmed its position in shares of American States Water (NYSE:AWR - Free Report) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,087,255 shares of the utilities provider's stock after selling 14,086 shares during the period. State Street Corp owned 5.57% of American States Water worth $173,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AWR. Pathway Financial Advisers LLC grew its position in American States Water by 8,274.7% during the third quarter. Pathway Financial Advisers LLC now owns 309,363 shares of the utilities provider's stock worth $25,767,000 after buying an additional 305,669 shares in the last quarter. Millennium Management LLC lifted its position in American States Water by 205.5% during the second quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider's stock valued at $31,974,000 after purchasing an additional 296,361 shares during the last quarter. Principal Financial Group Inc. grew its stake in American States Water by 107.1% in the 3rd quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider's stock worth $31,815,000 after buying an additional 197,556 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of American States Water by 114.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 271,325 shares of the utilities provider's stock worth $22,599,000 after buying an additional 144,510 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of American States Water by 182.8% during the 2nd quarter. Victory Capital Management Inc. now owns 220,718 shares of the utilities provider's stock valued at $16,018,000 after buying an additional 142,664 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Trading Down 0.4 %

Shares of AWR stock traded down $0.33 on Friday, hitting $82.89. 30,506 shares of the company's stock traded hands, compared to its average volume of 218,618. The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 4.35 and a beta of 0.51. The company's fifty day simple moving average is $84.13 and its 200 day simple moving average is $80.32. American States Water has a one year low of $66.03 and a one year 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.

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

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Friday, November 15th. American States Water's dividend payout ratio (DPR) is presently 62.63%.

Analyst Ratings Changes

AWR has been the topic of a number of research analyst reports. StockNews.com cut American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Bank of America assumed coverage on American States Water in a report on Wednesday. They set a "neutral" rating and a $85.00 price objective on the stock.

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.