Pathway Financial Advisers LLC Has $25.77 Million Stock Holdings in American States Water (NYSE:AWR)

Pathway Financial Advisers LLC lifted its holdings in shares of American States Water (NYSE:AWR - Free Report) by 8,274.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 309,363 shares of the utilities provider's stock after purchasing an additional 305,669 shares during the quarter. Pathway Financial Advisers LLC owned 0.83% of American States Water worth $25,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of American States Water by 2.9% in the first quarter. Vanguard Group Inc. now owns 4,760,524 shares of the utilities provider's stock valued at $343,900,000 after buying an additional 132,674 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of American States Water by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider's stock worth $61,389,000 after buying an additional 6,372 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of 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. Millennium Management LLC raised its position in American States Water by 205.5% in the 2nd quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider's stock valued at $31,974,000 after buying an additional 296,361 shares during the last quarter. Finally, Robeco Schweiz AG lifted its stake in American States Water by 11.0% in the 2nd quarter. Robeco Schweiz AG now owns 346,117 shares of the utilities provider's stock valued at $25,118,000 after acquiring an additional 34,328 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American States Water

In other American States Water news, Director Anne M. Holloway sold 500 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the transaction, the director now directly owns 38,519 shares of the company's stock, valued at $3,115,801.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AWR shares. Wells Fargo & Company upgraded shares of American States Water from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $80.00 to $87.00 in a report on Wednesday, July 31st. StockNews.com downgraded shares of American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, September 25th.

American States Water Stock Performance

Shares of AWR stock traded down $1.00 during trading on Friday, reaching $82.34. 102,128 shares of the company's stock were exchanged, compared to its average volume of 217,737. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The firm's fifty day moving average price is $82.89 and its 200-day moving average price is $77.70. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.08 billion, a PE ratio of 28.69, a PEG ratio of 4.38 and a beta of 0.49.

American States Water (NYSE:AWR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.02). The company had revenue of $155.30 million during the quarter, compared to the consensus estimate of $138.00 million. American States Water had a net margin of 18.85% and a return on equity of 13.45%. American States Water's revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 earnings per share. As a group, sell-side analysts anticipate that American States Water will post 3.03 EPS for the current year.

American States Water Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a dividend of $0.4655 per share. The ex-dividend date was Friday, August 16th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.26%. This is a positive change from American States Water's previous quarterly dividend of $0.43. American States Water's dividend payout ratio (DPR) is 64.81%.

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.