Asset Management One Co. Ltd. Sells 3,591 Shares of American States Water (NYSE:AWR)

Asset Management One Co. Ltd. cut its stake in American States Water (NYSE:AWR - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,891 shares of the utilities provider's stock after selling 3,591 shares during the quarter. Asset Management One Co. Ltd. owned 0.12% of American States Water worth $3,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of American States Water by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 11,077 shares of the utilities provider's stock valued at $861,000 after acquiring an additional 831 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of American States Water by 332.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,222 shares of the utilities provider's stock valued at $7,753,000 after purchasing an additional 77,792 shares during the period. Louisiana State Employees Retirement System grew its position in shares of American States Water by 1.1% in the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the utilities provider's stock valued at $1,422,000 after purchasing an additional 200 shares during the period. First National Corp MA ADV acquired a new position in shares of American States Water in the 4th quarter valued at approximately $992,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of American States Water in the 4th quarter valued at approximately $30,000. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWR has been the subject of several research reports. StockNews.com cut shares of American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Bank of America cut shares of American States Water from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $85.00 to $71.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut shares of American States Water from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $84.00 to $77.00 in a research note on Tuesday, January 7th.

American States Water Stock Down 0.7 %

Shares of NYSE:AWR traded down $0.55 during midday trading on Friday, hitting $74.74. The stock had a trading volume of 84,041 shares, compared to its average volume of 191,649. The business's 50-day simple moving average is $75.41 and its 200-day simple moving average is $80.51. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a market cap of $2.80 billion, a P/E ratio of 23.58, a PEG ratio of 12.77 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. American States Water had a return on equity of 13.96% and a net margin of 20.03%. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $160.17 million. On average, sell-side analysts forecast that American States Water will post 3.34 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, February 18th. American States Water's dividend payout ratio (DPR) is presently 58.68%.

American States Water Profile

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.