Janney Montgomery Scott LLC Purchases New Stake in American States Water (NYSE:AWR)

Janney Montgomery Scott LLC purchased a new stake in American States Water (NYSE:AWRGet Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,961 shares of the utilities provider’s stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its stake in American States Water by 5.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 39,787 shares of the utilities provider’s stock worth $3,101,000 after acquiring an additional 2,034 shares during the last quarter. First National Corp MA ADV increased its stake in American States Water by 6.2% during the third quarter. First National Corp MA ADV now owns 33,424 shares of the utilities provider’s stock worth $2,605,000 after acquiring an additional 1,945 shares during the last quarter. First Pacific Financial increased its stake in American States Water by 5.2% during the third quarter. First Pacific Financial now owns 8,676 shares of the utilities provider’s stock worth $676,000 after acquiring an additional 429 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in American States Water during the third quarter worth $1,380,000. Finally, Pendal Group Ltd increased its stake in American States Water by 36.4% during the third quarter. Pendal Group Ltd now owns 42,959 shares of the utilities provider’s stock worth $3,349,000 after acquiring an additional 11,471 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

Analyst Ratings Changes

AWR has been the subject of a number of research reports. Seaport Res Ptn cut American States Water from a “buy” rating to a “neutral” rating in a research note on Thursday, January 5th. StockNews.com initiated coverage on American States Water in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. UBS Group initiated coverage on American States Water in a research note on Wednesday, November 30th. They issued a “sell” rating and a $92.00 price objective for the company. Finally, Wells Fargo & Company lifted their price objective on American States Water from $90.00 to $96.00 in a research note on Wednesday, December 14th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, American States Water currently has an average rating of “Reduce” and a consensus target price of $89.33.

American States Water Stock Up 2.5 %

Shares of NYSE AWR opened at $96.23 on Wednesday. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 44.55 and a beta of 0.40. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.37 and a quick ratio of 0.34. The business has a 50-day moving average of $95.53 and a two-hundred day moving average of $89.03. American States Water has a 1 year low of $71.22 and a 1 year high of $100.50.

American States Water (NYSE:AWRGet Rating) last posted its earnings results on Monday, November 7th. The utilities provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). American States Water had a return on equity of 12.47% and a net margin of 16.59%. The firm had revenue of $134.98 million for the quarter, compared to analyst estimates of $143.00 million. On average, analysts forecast that American States Water will post 2.5 earnings per share for the current fiscal year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were given a dividend of $0.3975 per share. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Monday, November 14th. American States Water’s dividend payout ratio (DPR) is currently 73.61%.

American States Water Profile

(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.

Further Reading

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

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