American States Water (NYSE:AWR) Stock Holdings Increased by Creative Planning

Creative Planning raised its holdings in shares of American States Water (NYSE:AWR) by 3.3% during the 3rd quarter, Holdings Channel reports. The fund owned 11,268 shares of the utilities provider’s stock after purchasing an additional 364 shares during the period. Creative Planning’s holdings in American States Water were worth $938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC raised its position in shares of American States Water by 2.9% during the first quarter. Inspire Investing LLC now owns 5,026 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 140 shares during the period. CWM LLC raised its position in shares of American States Water by 31.4% during the second 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 grew its holdings in shares of American States Water by 2.5% during the second quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock valued at $756,000 after buying 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 second quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider’s stock valued at $223,000 after buying an additional 269 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of American States Water by 9.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,663 shares of the utilities provider’s stock valued at $266,000 after buying an additional 328 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling

In other American States Water news, Director Anne M. Holloway sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the transaction, the director now owns 38,519 shares of the company’s stock, valued at $3,115,801.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.82% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AWR. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $80.00 to $87.00 in a research note on Wednesday, July 31st.

American States Water Stock Performance

Shares of NYSE AWR opened at $81.55 on Friday. The business’s 50-day moving average price is $82.99 and its two-hundred day moving average price is $78.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. American States Water has a one year low of $66.03 and a one year high of $87.50. The company has a market capitalization of $3.05 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 4.32 and a beta of 0.49.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). American States Water had a return on equity of 13.45% and a net margin of 18.85%. The company had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. During the same period in the prior year, the firm earned $0.83 EPS. American States Water’s quarterly revenue was down 1.3% on a year-over-year basis. Analysts anticipate that American States Water will post 3.03 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.4655 per share. The ex-dividend date is Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.28%. American States Water’s dividend payout ratio is presently 64.81%.

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.