Allspring Global Investments Holdings LLC Has $1.95 Million Holdings in American States Water (NYSE:AWR)

Allspring Global Investments Holdings LLC lessened its holdings in shares of American States Water (NYSE:AWR - Free Report) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,430 shares of the utilities provider's stock after selling 7,794 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of American States Water worth $1,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AWR. Maryland State Retirement & Pension System grew its stake in American States Water by 0.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 44,922 shares of the utilities provider's stock valued at $3,008,000 after acquiring an additional 352 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of American States Water by 10.6% during the 1st quarter. BNP Paribas Financial Markets now owns 45,722 shares of the utilities provider's stock valued at $3,303,000 after buying an additional 4,372 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of American States Water by 52.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,582 shares of the utilities provider's stock valued at $331,000 after buying an additional 1,574 shares during the last quarter. FORA Capital LLC lifted its holdings in shares of American States Water by 53.9% during the 1st quarter. FORA Capital LLC now owns 6,478 shares of the utilities provider's stock valued at $468,000 after buying an additional 2,270 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of American States Water by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,365 shares of the utilities provider's stock valued at $2,338,000 after buying an additional 419 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.

Insider Buying and Selling

In related news, Director Anne M. Holloway sold 500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 38,519 shares in the company, valued at approximately $3,115,801.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.82% of the company's stock.

Wall Street Analyst Weigh In

AWR has been the subject of several research reports. StockNews.com lowered American States Water from a "hold" rating to a "sell" rating in a report on Wednesday, September 25th. Wells Fargo & Company upgraded American States Water from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $80.00 to $87.00 in a report on Wednesday, July 31st.

American States Water Stock Performance

AWR traded up $0.11 on Thursday, hitting $82.49. The company had a trading volume of 296,213 shares, compared to its average volume of 216,953. The company's fifty day moving average price is $82.93 and its 200 day moving average price is $78.00. American States Water has a 1-year low of $66.03 and a 1-year high of $87.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 4.31 and a beta of 0.49.

American States Water (NYSE:AWR - Get Free Report) last posted its earnings results 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). American States Water had a return on equity of 13.45% and a net margin of 18.85%. The company had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. During the same quarter last year, the firm posted $0.83 earnings per share. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts predict that American States Water will post 3.03 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.4655 dividend. This represents a $1.86 annualized dividend and a yield of 2.26%. American States Water's dividend payout ratio (DPR) is currently 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.