SG Americas Securities LLC Has $1.12 Million Stock Holdings in American States Water (NYSE:AWR)

SG Americas Securities LLC lifted its stake in shares of American States Water (NYSE:AWR - Free Report) by 875.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,346 shares of the utilities provider's stock after buying an additional 12,875 shares during the quarter. SG Americas Securities LLC's holdings in American States Water were worth $1,115,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC increased its holdings in American States Water by 172.8% during the 3rd quarter. Barclays PLC now owns 78,706 shares of the utilities provider's stock worth $6,554,000 after purchasing an additional 49,851 shares during the last quarter. Intech Investment Management LLC grew its position in shares of American States Water by 16.1% in the 3rd quarter. Intech Investment Management LLC now owns 7,506 shares of the utilities provider's stock worth $625,000 after acquiring an additional 1,041 shares in the last quarter. Stifel Financial Corp grew its position in shares of American States Water by 110.5% in the 3rd quarter. Stifel Financial Corp now owns 21,327 shares of the utilities provider's stock worth $1,776,000 after acquiring an additional 11,197 shares in the last quarter. Geode Capital Management LLC grew its position in shares of American States Water by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 850,878 shares of the utilities provider's stock worth $70,884,000 after acquiring an additional 13,024 shares in the last quarter. Finally, FMR LLC grew its position in shares of American States Water by 31.2% in the 3rd quarter. FMR LLC now owns 72,715 shares of the utilities provider's stock worth $6,056,000 after acquiring an additional 17,295 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Stock Performance

NYSE:AWR traded up $0.80 during midday trading on Friday, reaching $74.59. 261,376 shares of the company traded hands, compared to its average volume of 172,552. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 25.11, a price-to-earnings-growth ratio of 11.90 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The company has a fifty day moving average price of $78.18 and a 200 day moving average price of $81.24.

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 for the quarter, missing the consensus estimate of $0.98 by ($0.03). The business had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. American States Water had a net margin of 19.26% and a return on equity of 13.53%. The firm's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 EPS. On average, analysts expect that American States Water will post 3.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AWR shares. StockNews.com lowered American States Water from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Bank of America began coverage on American States Water in a research report on Wednesday, December 11th. They issued a "neutral" rating and a $85.00 target price for the company. Finally, Wells Fargo & Company lowered American States Water from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $84.00 to $77.00 in a research report on Tuesday, January 7th.

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.