Fmr LLC Grows Position in American States Water (NYSE:AWR)

Fmr LLC lifted its holdings in American States Water (NYSE:AWR) by 31.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 72,715 shares of the utilities provider’s stock after purchasing an additional 17,295 shares during the period. Fmr LLC’s holdings in American States Water were worth $6,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC increased its holdings in shares of American States Water by 31.4% during the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after buying an additional 250 shares during the last quarter. QRG Capital Management Inc. increased its stake in American States Water by 9.6% during the second quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 269 shares during the last quarter. SG Americas Securities LLC purchased a new stake in American States Water in the second quarter valued at $799,000. Wealth Enhancement Advisory Services LLC raised its position in American States Water by 9.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,663 shares of the utilities provider’s stock valued at $266,000 after purchasing an additional 328 shares during the period. Finally, ORG Partners LLC acquired a new position in shares of American States Water in the 2nd quarter valued at $42,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AWR has been the subject of a number of recent analyst reports. Bank of America started coverage on shares of American States Water in a research report on Wednesday. They set a “neutral” rating and a $85.00 price target for the company. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

American States Water Price Performance

Shares of NYSE:AWR opened at $83.23 on Friday. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The firm has a market capitalization of $3.12 billion, a P/E ratio of 28.02, a P/E/G ratio of 4.32 and a beta of 0.51. 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’s fifty day moving average price is $84.13 and its 200 day moving average price is $80.32.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $161.78 million for the quarter, compared to analyst estimates of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts predict that American States Water will post 3.02 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.24%. American States Water’s payout ratio is currently 62.63%.

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.