Ontario Teachers Pension Plan Board purchased a new position in shares of American States Water Co (NYSE:AWR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,309 shares of the utilities provider’s stock, valued at approximately $418,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. TD Asset Management Inc. lifted its stake in American States Water by 15.3% during the second quarter. TD Asset Management Inc. now owns 11,316 shares of the utilities provider’s stock worth $647,000 after purchasing an additional 1,500 shares during the period. HRT Financial LLC bought a new position in American States Water during the first quarter worth about $811,000. Prudential Financial Inc. lifted its stake in American States Water by 8.7% during the first quarter. Prudential Financial Inc. now owns 113,852 shares of the utilities provider’s stock worth $6,041,000 after purchasing an additional 9,080 shares during the period. Victory Capital Management Inc. lifted its stake in American States Water by 5.0% during the first quarter. Victory Capital Management Inc. now owns 20,373 shares of the utilities provider’s stock worth $1,081,000 after purchasing an additional 979 shares during the period. Finally, Comerica Bank lifted its stake in American States Water by 2.5% during the first quarter. Comerica Bank now owns 39,054 shares of the utilities provider’s stock worth $2,147,000 after purchasing an additional 967 shares during the period. Hedge funds and other institutional investors own 73.65% of the company’s stock.
NYSE AWR opened at $61.17 on Friday. The company has a market cap of $2.26 billion, a PE ratio of 36.99, a PEG ratio of 5.97 and a beta of 0.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.09 and a quick ratio of 1.05. American States Water Co has a 1-year low of $47.53 and a 1-year high of $61.66.
American States Water (NYSE:AWR) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). The firm had revenue of $106.90 million for the quarter, compared to analyst estimates of $114.80 million. American States Water had a return on equity of 11.55% and a net margin of 14.18%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. equities analysts predict that American States Water Co will post 1.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th were issued a dividend of $0.275 per share. This is a positive change from American States Water’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, August 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.80%. American States Water’s dividend payout ratio (DPR) is presently 64.33%.
Several research firms have recently weighed in on AWR. Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating in a report on Tuesday, May 22nd. Wells Fargo & Co dropped their price objective on shares of American States Water from $54.00 to $52.00 and set an “underperform” rating for the company in a report on Friday, August 24th.
In other news, Director Lloyd E. Ross sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $58.56, for a total transaction of $35,136.00. Following the completion of the sale, the director now owns 49,607 shares of the company’s stock, valued at $2,904,985.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James F. Mcnulty sold 8,897 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $60.81, for a total transaction of $541,026.57. Following the sale, the director now directly owns 18,278 shares of the company’s stock, valued at approximately $1,111,485.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,078 shares of company stock valued at $853,663. Company insiders own 1.41% of the company’s stock.
About American States Water
American States Water Company, through its subsidiaries, provides water and electric services to residential, 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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