American States Water (NYSE:AWR) Position Boosted by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in American States Water (NYSE:AWR) by 3.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,971 shares of the utilities provider’s stock after buying an additional 142 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American States Water were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AWR. State Street Corp grew its holdings in American States Water by 15.0% in the 2nd quarter. State Street Corp now owns 3,214,099 shares of the utilities provider’s stock worth $255,714,000 after buying an additional 418,132 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American States Water by 141.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 423,670 shares of the utilities provider’s stock valued at $33,707,000 after purchasing an additional 248,042 shares in the last quarter. Invesco Ltd. boosted its stake in American States Water by 20.8% during the 2nd quarter. Invesco Ltd. now owns 759,537 shares of the utilities provider’s stock valued at $60,429,000 after purchasing an additional 130,759 shares in the last quarter. BlackRock Inc. boosted its stake in American States Water by 0.8% during the 2nd quarter. BlackRock Inc. now owns 6,315,069 shares of the utilities provider’s stock valued at $502,431,000 after purchasing an additional 48,195 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in American States Water by 465.9% during the 3rd quarter. SG Americas Securities LLC now owns 49,337 shares of the utilities provider’s stock valued at $4,219,000 after purchasing an additional 40,619 shares in the last quarter. 69.91% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:AWR opened at $93.97 on Friday. American States Water has a one year low of $70.07 and a one year high of $103.77. The stock has a fifty day moving average of $97.40 and a 200-day moving average of $91.42. The company has a market capitalization of $3.47 billion, a PE ratio of 37.00 and a beta of 0.11. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.88 and a current ratio of 0.95.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, November 1st. The utilities provider reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. American States Water had a return on equity of 14.31% and a net margin of 18.60%. The company had revenue of $136.76 million during the quarter, compared to the consensus estimate of $140.00 million. During the same quarter in the prior year, the firm earned $0.72 EPS. As a group, research analysts forecast that American States Water will post 2.48 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 1st. Stockholders of record on Monday, November 15th were issued a $0.365 dividend. The ex-dividend date of this dividend was Friday, November 12th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.55%. American States Water’s payout ratio is currently 57.48%.

In other news, Director Anne M. Holloway sold 500 shares of the stock in a transaction on Friday, December 3rd. The stock was sold at an average price of $95.64, for a total value of $47,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Fielder sold 350 shares of the stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of $94.10, for a total value of $32,935.00. The disclosure for this sale can be found here. Insiders sold 8,250 shares of company stock valued at $767,179 in the last 90 days. Corporate insiders own 0.97% of the company’s stock.

AWR has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on American States Water from $98.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 1st. Barclays lowered American States Water from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $87.00 to $96.00 in a research note on Wednesday, December 8th.

American States Water Company Profile

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

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