Barclays PLC Has $6.55 Million Stock Holdings in American States Water (NYSE:AWR)

Barclays PLC increased its position in shares of American States Water (NYSE:AWR - Free Report) by 172.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,706 shares of the utilities provider's stock after purchasing an additional 49,851 shares during the period. Barclays PLC owned 0.21% of American States Water worth $6,554,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in American States Water by 9.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,663 shares of the utilities provider's stock worth $266,000 after acquiring an additional 328 shares in the last quarter. Raymond James & Associates lifted its stake in American States Water by 3.4% during the second quarter. Raymond James & Associates now owns 42,358 shares of the utilities provider's stock valued at $3,074,000 after purchasing an additional 1,393 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in American States Water by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the utilities provider's stock worth $1,357,000 after buying an additional 400 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in American States Water by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 450,788 shares of the utilities provider's stock worth $32,714,000 after buying an additional 24,042 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in American States Water by 31.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 31,224 shares of the utilities provider's stock worth $2,266,000 after buying an additional 7,517 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AWR. StockNews.com downgraded American States Water from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Bank of America initiated coverage on American States Water in a report on Wednesday, December 11th. They set a "neutral" rating and a $85.00 target price for the company.

American States Water Trading Up 0.1 %

Shares of AWR stock traded up $0.05 during trading hours on Friday, reaching $79.51. 513,890 shares of the stock traded hands, compared to its average volume of 219,971. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $2.98 billion, a PE ratio of 26.77, a PEG ratio of 6.77 and a beta of 0.51. American States Water has a 1-year low of $66.03 and a 1-year high of $87.50. The business has a fifty day moving average price of $84.00 and a 200 day moving average price of $80.63.

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

American States Water Dividend Announcement

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 annualized dividend and a yield of 2.34%. The ex-dividend date was Friday, November 15th. American States Water's dividend payout ratio is currently 62.63%.

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.