Zacks Investment Management Has $7.50 Million Stock Position in American States Water Co (NYSE:AWR)

Zacks Investment Management boosted its holdings in shares of American States Water Co (NYSE:AWR) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,630 shares of the utilities provider’s stock after buying an additional 2,921 shares during the period. Zacks Investment Management owned approximately 0.27% of American States Water worth $7,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in American States Water by 0.5% during the second quarter. BlackRock Inc. now owns 5,640,290 shares of the utilities provider’s stock valued at $424,376,000 after buying an additional 25,433 shares during the period. Northern Trust Corp increased its position in American States Water by 0.4% in the 2nd quarter. Northern Trust Corp now owns 673,153 shares of the utilities provider’s stock worth $50,648,000 after purchasing an additional 2,878 shares during the last quarter. Copeland Capital Management LLC increased its position in American States Water by 19.6% in the 2nd quarter. Copeland Capital Management LLC now owns 495,950 shares of the utilities provider’s stock worth $37,315,000 after purchasing an additional 81,449 shares during the last quarter. Morgan Stanley increased its position in American States Water by 37.9% in the 2nd quarter. Morgan Stanley now owns 398,737 shares of the utilities provider’s stock worth $30,000,000 after purchasing an additional 109,565 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in American States Water by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 392,979 shares of the utilities provider’s stock worth $26,345,000 after purchasing an additional 33,156 shares during the last quarter. 72.41% of the stock is currently owned by hedge funds and other institutional investors.

AWR stock traded up $0.40 during mid-day trading on Tuesday, hitting $89.80. The stock had a trading volume of 181,320 shares, compared to its average volume of 240,549. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82. American States Water Co has a 1-year low of $58.26 and a 1-year high of $94.39. The company has a fifty day moving average of $88.46 and a 200 day moving average of $76.76. The stock has a market capitalization of $3.30 billion, a price-to-earnings ratio of 52.21, a PEG ratio of 5.34 and a beta of -0.07.



American States Water (NYSE:AWR) last issued its earnings results on Monday, August 5th. The utilities provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.12. American States Water had a return on equity of 13.04% and a net margin of 16.55%. The company had revenue of $124.65 million for the quarter, compared to analyst estimates of $119.71 million. During the same period in the prior year, the firm posted $0.44 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. As a group, sell-side analysts expect that American States Water Co will post 2.11 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th were given a $0.305 dividend. This is a positive change from American States Water’s previous quarterly dividend of $0.28. This represents a $1.22 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 14th. American States Water’s dividend payout ratio is presently 70.93%.

Several brokerages have weighed in on AWR. Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a research report on Monday, June 10th. Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Thursday, August 8th.

In other news, VP Bryan K. Switzer sold 400 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $75.23, for a total transaction of $30,092.00. Following the transaction, the vice president now owns 11,979 shares of the company’s stock, valued at approximately $901,180.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd E. Ross sold 2,150 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $79.65, for a total value of $171,247.50. Following the transaction, the director now directly owns 41,105 shares in the company, valued at approximately $3,274,013.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,583 shares of company stock worth $771,422. Insiders own 1.24% 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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Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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