Shell Asset Management Co. Sells 786 Shares of American States Water (NYSE:AWR)

Shell Asset Management Co. lowered its holdings in shares of American States Water (NYSE:AWRGet Rating) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,337 shares of the utilities provider’s stock after selling 786 shares during the period. Shell Asset Management Co.’s holdings in American States Water were worth $475,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AWR. Reaves W H & Co. Inc. bought a new stake in American States Water during the fourth quarter worth about $14,999,000. Assenagon Asset Management S.A. bought a new position in shares of American States Water in the fourth quarter worth approximately $8,374,000. Allianz Asset Management GmbH lifted its stake in shares of American States Water by 39.4% in the fourth quarter. Allianz Asset Management GmbH now owns 247,595 shares of the utilities provider’s stock worth $25,612,000 after buying an additional 70,037 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of American States Water in the fourth quarter worth approximately $6,508,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of American States Water by 164.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 88,432 shares of the utilities provider’s stock worth $9,111,000 after buying an additional 55,032 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.

Insider Buying and Selling at American States Water

In other American States Water news, insider Bryan K. Switzer sold 2,645 shares of the company’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 transaction of $211,414.85. Following the completion of the sale, the insider now directly owns 6,630 shares of the company’s stock, valued at $529,935.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.92% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AWR has been the topic of several analyst reports. Barclays dropped their target price on shares of American States Water from $88.00 to $80.00 and set an “underweight” rating on the stock in a research note on Monday, July 18th. Wells Fargo & Company upped their target price on shares of American States Water from $75.00 to $90.00 and gave the stock a “maintains” rating in a research note on Wednesday.

American States Water Stock Up 2.2 %

Shares of American States Water stock opened at $90.31 on Thursday. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 40.50 and a beta of 0.28. The company’s 50 day moving average is $80.61 and its 200 day moving average is $83.67. American States Water has a twelve month low of $71.22 and a twelve month high of $103.77. The company has a quick ratio of 0.74, a current ratio of 0.82 and a debt-to-equity ratio of 0.88.

American States Water (NYSE:AWRGet Rating) last issued its quarterly earnings data on Monday, August 1st. The utilities provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.13). American States Water had a net margin of 17.05% and a return on equity of 13.00%. During the same quarter in the prior year, the company posted $0.72 EPS. Research analysts anticipate that American States Water will post 2.59 EPS for the current year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be issued a dividend of $0.3975 per share. This is a boost from American States Water’s previous quarterly dividend of $0.37. This represents a $1.59 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Friday, August 12th. American States Water’s dividend payout ratio is currently 65.47%.

About American States Water

(Get Rating)

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

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