BNP Paribas Arbitrage SA Has $3.38 Million Stock Position in American States Water (NYSE:AWR)

BNP Paribas Arbitrage SA lifted its stake in American States Water (NYSE:AWR) by 40.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,471 shares of the utilities provider’s stock after acquiring an additional 12,214 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.11% of American States Water worth $3,379,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in AWR. BlackRock Inc. grew its stake in shares of American States Water by 3.5% in the first quarter. BlackRock Inc. now owns 6,266,874 shares of the utilities provider’s stock worth $473,900,000 after acquiring an additional 210,731 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of American States Water by 65.9% in the first quarter. Renaissance Technologies LLC now owns 130,100 shares of the utilities provider’s stock worth $9,838,000 after acquiring an additional 51,700 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of American States Water by 8.2% in the first quarter. Geode Capital Management LLC now owns 604,811 shares of the utilities provider’s stock worth $45,735,000 after acquiring an additional 45,962 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of American States Water by 75.7% in the first quarter. Victory Capital Management Inc. now owns 86,659 shares of the utilities provider’s stock worth $6,553,000 after acquiring an additional 37,326 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of American States Water by 483.5% in the second quarter. Citigroup Inc. now owns 37,461 shares of the utilities provider’s stock worth $2,981,000 after acquiring an additional 31,041 shares during the last quarter. Institutional investors and hedge funds own 69.21% of the company’s stock.

AWR opened at $87.77 on Friday. American States Water has a fifty-two week low of $70.07 and a fifty-two week high of $94.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.22 and a quick ratio of 1.15. The firm’s fifty day moving average price is $89.39 and its two-hundred day moving average price is $82.46. The company has a market capitalization of $3.24 billion, a P/E ratio of 35.11 and a beta of 0.04.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Sunday, August 1st. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. The company had revenue of $128.41 million during the quarter, compared to analysts’ expectations of $124.00 million. American States Water had a return on equity of 14.30% and a net margin of 18.39%. During the same period last year, the business earned $0.69 earnings per share. On average, equities research analysts expect that American States Water will post 2.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Monday, August 16th were issued a dividend of $0.365 per share. The ex-dividend date was Friday, August 13th. This is a boost from American States Water’s previous quarterly dividend of $0.34. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.66%. American States Water’s dividend payout ratio (DPR) is presently 62.66%.

In related news, VP Paul J. Rowley sold 2,499 shares of American States Water stock in a transaction dated Monday, August 23rd. The stock was sold at an average price of $91.00, for a total value of $227,409.00. Following the completion of the transaction, the vice president now directly owns 4,748 shares of the company’s stock, valued at $432,068. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eva G. Tang sold 500 shares of American States Water stock in a transaction dated Tuesday, August 31st. The shares were sold at an average price of $91.91, for a total value of $45,955.00. Following the completion of the transaction, the chief financial officer now directly owns 35,957 shares of the company’s stock, valued at $3,304,807.87. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,842 shares of company stock valued at $1,155,377. Company insiders own 0.97% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of American States Water from $87.00 to $98.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 4th. Barclays assumed coverage on shares of American States Water in a research note on Thursday, July 15th. They set an “equal weight” rating and a $87.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of American States Water from a “buy” rating to a “hold” rating and set a $93.00 price target on the stock. in a research note on Tuesday, September 14th.

American States Water Profile

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Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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