Healthcare of Ontario Pension Plan Trust Fund Sells 1,500 Shares of American States Water (NYSE:AWR)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of American States Water (NYSE:AWR) by 9.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,500 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in American States Water were worth $1,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWR. CWM LLC lifted its position in shares of American States Water by 31.4% in the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 250 shares during the period. Arizona State Retirement System boosted its position in American States Water by 2.5% during the 2nd quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock valued at $756,000 after acquiring an additional 258 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of American States Water by 9.6% during the 2nd 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 period. Creative Financial Designs Inc. ADV raised its position in shares of American States Water by 3.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider’s stock worth $735,000 after acquiring an additional 269 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of American States Water by 9.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 3,428 shares of the utilities provider’s stock worth $286,000 after acquiring an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American States Water Stock Down 0.1 %

Shares of American States Water stock opened at $85.31 on Monday. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. 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 has a 50-day moving average of $84.15 and a 200 day moving average of $79.96. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 4.48 and a beta of 0.49.

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

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.4655 dividend. This represents a $1.86 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. American States Water’s dividend payout ratio (DPR) is 62.63%.

Analysts Set New Price Targets

Separately, StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

American States Water 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.