Arizona State Retirement System Sells 191 Shares of American States Water (NYSE:AWR)

Arizona State Retirement System trimmed its position in shares of American States Water (NYSE:AWR) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,337 shares of the utilities provider’s stock after selling 191 shares during the period. Arizona State Retirement System’s holdings in American States Water were worth $831,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quarry LP purchased a new position in shares of American States Water during the 1st quarter valued at about $30,000. Dark Forest Capital Management LP increased its position in American States Water by 1,000.0% in the first quarter. Dark Forest Capital Management LP now owns 363 shares of the utilities provider’s stock worth $32,000 after buying an additional 330 shares in the last quarter. NewEdge Advisors LLC increased its position in American States Water by 900.0% in the first quarter. NewEdge Advisors LLC now owns 380 shares of the utilities provider’s stock worth $34,000 after buying an additional 342 shares in the last quarter. Column Capital Advisors LLC purchased a new stake in American States Water in the third quarter worth about $35,000. Finally, Anchor Investment Management LLC purchased a new stake in American States Water in the fourth quarter worth about $48,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American States Water

In other American States Water news, Director Thomas A. Eichelberger acquired 1,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $71.21 per share, with a total value of $99,694.00. Following the completion of the purchase, the director now directly owns 5,850 shares in the company, valued at approximately $416,578.50. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their price target on American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd.

American States Water Stock Performance

Shares of AWR opened at $67.11 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $71.93 and a two-hundred day simple moving average of $76.63. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 3.57 and a beta of 0.43. American States Water has a 52 week low of $66.03 and a 52 week high of $92.85.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $132.00 million. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 earnings per share. On average, analysts expect that American States Water will post 3.01 EPS for the current year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 16th. American States Water’s dividend payout ratio (DPR) is 51.04%.

About American States Water

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.