Dynamic Technology Lab Private Ltd reduced its stake in shares of American States Water (NYSE:AWR – Free Report) by 43.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,299 shares of the utilities provider’s stock after selling 4,001 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in American States Water were worth $426,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwest Financial Advisors purchased a new position in shares of American States Water during the 4th quarter valued at about $32,000. Principal Securities Inc. bought a new stake in shares of American States Water in the fourth quarter worth about $34,000. Anchor Investment Management LLC purchased a new position in American States Water during the 4th quarter valued at about $48,000. Fifth Third Bancorp raised its position in American States Water by 370.5% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the utilities provider’s stock valued at $95,000 after purchasing an additional 930 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in American States Water by 55.4% during the 4th quarter. Quadrant Capital Group LLC now owns 1,195 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 426 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at American States Water
In related news, Director Thomas A. Eichelberger purchased 1,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were purchased at an average cost of $71.21 per share, with a total value of $99,694.00. Following the transaction, the director now directly owns 5,850 shares in the company, valued at approximately $416,578.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Thomas A. Eichelberger purchased 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the purchase, the director now directly owns 5,850 shares in the company, valued at approximately $416,578.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas A. Eichelberger acquired 640 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of $77.62 per share, for a total transaction of $49,676.80. Following the completion of the transaction, the director now directly owns 7,006 shares in the company, valued at approximately $543,805.72. The disclosure for this purchase can be found here. Insiders own 0.82% of the company’s stock.
Analyst Ratings Changes
Separately, Wells Fargo & Company upped their price objective on shares of American States Water from $77.00 to $80.00 and gave the stock an “underweight” rating in a report on Thursday, May 9th.
Get Our Latest Research Report on AWR
American States Water Stock Down 1.0 %
AWR stock opened at $74.09 on Friday. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $92.85. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.91 and a beta of 0.43. The business’s 50 day moving average price is $72.22 and its two-hundred day moving average price is $75.74. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.15.
American States Water (NYSE:AWR – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $135.30 million during the quarter, compared to analyst estimates of $119.00 million. American States Water had a return on equity of 13.65% and a net margin of 19.95%. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, analysts forecast that American States Water will post 3.01 earnings per share for the current fiscal year.
American States Water Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Friday, May 17th. American States Water’s dividend payout ratio (DPR) is presently 56.21%.
About American States Water
(Free Report)
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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