Mutual of America Capital Management LLC increased its position in shares of American States Water (NYSE:AWR – Get Rating) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,322 shares of the utilities provider’s stock after purchasing an additional 275 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American States Water were worth $474,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. boosted its holdings in American States Water by 4.8% during the first quarter. Wedbush Securities Inc. now owns 2,869 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 131 shares during the last quarter. First Pacific Financial boosted its holdings in American States Water by 2.0% during the first quarter. First Pacific Financial now owns 8,026 shares of the utilities provider’s stock worth $715,000 after purchasing an additional 156 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in American States Water by 54.9% during the fourth quarter. Quadrant Capital Group LLC now owns 454 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 161 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in American States Water by 4.9% during the fourth quarter. Qube Research & Technologies Ltd now owns 3,511 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 163 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in American States Water by 2.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,992 shares of the utilities provider’s stock worth $711,000 after purchasing an additional 166 shares during the last quarter. 72.04% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Bryan K. Switzer sold 2,645 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $79.93, for a total value of $211,414.85. Following the sale, the insider now owns 6,630 shares of the company’s stock, valued at $529,935.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.92% of the company’s stock.
American States Water Stock Performance
American States Water (NYSE:AWR – Get Rating) last announced its quarterly earnings data on Monday, May 2nd. The utilities provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.16). American States Water had a return on equity of 13.14% and a net margin of 18.20%. The company had revenue of $108.57 million during the quarter, compared to the consensus estimate of $122.00 million. During the same period in the prior year, the firm posted $0.52 EPS. As a group, equities analysts forecast that American States Water will post 2.59 earnings per share for the current year.
American States Water Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 15th will be given a $0.3975 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $1.59 annualized dividend and a dividend yield of 1.82%. This is a positive change from American States Water’s previous quarterly dividend of $0.37. American States Water’s payout ratio is 60.58%.
Analyst Upgrades and Downgrades
Separately, Barclays lowered their price objective on shares of American States Water from $88.00 to $80.00 and set an “underweight” rating on the stock in a research report on Monday, July 18th.
American States Water Company 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.
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