Wealthfront Advisers LLC Has $3.56 Million Stock Holdings in American States Water (NYSE:AWR)

Wealthfront Advisers LLC raised its position in shares of American States Water (NYSE:AWR - Free Report) by 1,541.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,809 shares of the utilities provider's stock after buying an additional 43,019 shares during the quarter. Wealthfront Advisers LLC owned 0.12% of American States Water worth $3,560,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AWR. Assetmark Inc. purchased a new stake in shares of American States Water in the third quarter valued at $50,000. Crossmark Global Holdings Inc. lifted its stake in American States Water by 14.0% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,696 shares of the utilities provider's stock worth $308,000 after acquiring an additional 453 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in American States Water during the 3rd quarter worth about $496,000. KBC Group NV grew its stake in American States Water by 31.9% during the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider's stock valued at $103,000 after acquiring an additional 299 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of American States Water by 11.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,245 shares of the utilities provider's stock valued at $270,000 after purchasing an additional 346 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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American States Water Stock Down 1.7 %

Shares of American States Water stock traded down $1.32 during trading on Monday, hitting $77.90. 235,612 shares of the stock traded hands, compared to its average volume of 197,625. The company has a fifty day moving average price of $75.01 and a two-hundred day moving average price of $80.08. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The stock has a market cap of $2.92 billion, a P/E ratio of 24.57, a PEG ratio of 12.92 and a beta of 0.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.82.

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

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th were given a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a yield of 2.39%. The ex-dividend date was Tuesday, February 18th. American States Water's payout ratio is 58.68%.

Insider Buying and Selling at American States Water

In other American States Water news, Director Diana M. Bonta sold 969 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $77.00, for a total transaction of $74,613.00. Following the completion of the sale, the director now owns 15,931 shares of the company's stock, valued at $1,226,687. This represents a 5.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.82% of the company's stock.

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.