Victory Capital Management Inc. Sells 12,669 Shares of American States Water (NYSE:AWR)

Victory Capital Management Inc. lessened its holdings in American States Water (NYSE:AWR - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 183,914 shares of the utilities provider's stock after selling 12,669 shares during the quarter. Victory Capital Management Inc. owned 0.49% of American States Water worth $14,294,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AWR. Barclays PLC boosted its holdings in shares of American States Water by 172.8% during the 3rd quarter. Barclays PLC now owns 78,706 shares of the utilities provider's stock valued at $6,554,000 after acquiring an additional 49,851 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of American States Water by 16.1% during the 3rd quarter. Intech Investment Management LLC now owns 7,506 shares of the utilities provider's stock valued at $625,000 after acquiring an additional 1,041 shares in the last quarter. KBC Group NV boosted its holdings in shares of American States Water by 400.6% during the 4th quarter. KBC Group NV now owns 6,188 shares of the utilities provider's stock valued at $481,000 after acquiring an additional 4,952 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of American States Water by 332.0% during 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 acquiring an additional 77,792 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of American States Water by 26.8% during the 4th quarter. Principal Financial Group Inc. now owns 484,470 shares of the utilities provider's stock valued at $37,653,000 after acquiring an additional 102,489 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Stock Down 3.2 %

Shares of NYSE:AWR opened at $77.47 on Thursday. The firm has a market cap of $2.90 billion, a P/E ratio of 24.44, a P/E/G ratio of 12.92 and a beta of 0.47. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.88. American States Water has a 12-month low of $66.03 and a 12-month high of $87.50. The business has a fifty day simple moving average of $74.92 and a 200 day simple moving average of $80.11.

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American States Water (NYSE:AWR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. American States Water had a return on equity of 13.63% and a net margin of 20.03%. The firm had revenue of $143.10 million during the quarter, compared to analyst estimates of $160.17 million. Analysts predict that American States Water will post 3.34 earnings per share for the current year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be given a $0.4655 dividend. This represents a $1.86 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Tuesday, February 18th. American States Water's dividend payout ratio (DPR) is presently 58.68%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AWR. Wells Fargo & Company downgraded American States Water from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $84.00 to $77.00 in a report on Tuesday, January 7th. StockNews.com raised American States Water from a "sell" rating to a "hold" rating in a research report on Saturday, March 8th. Finally, Bank of America lowered American States Water from a "neutral" rating to an "underperform" rating and lowered their target price for the stock from $85.00 to $71.00 in a research report on Monday, February 3rd.

American States Water Company 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.

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