Bank of Montreal Can Sells 7,593 Shares of American States Water (NYSE:AWR)

Bank of Montreal Can lowered its holdings in shares of American States Water (NYSE:AWR – Get Rating) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 23,662 shares of the utilities provider’s stock after selling 7,593 shares during the period. Bank of Montreal Can’s holdings in American States Water were worth $2,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Group One Trading L.P. purchased a new position in American States Water in the third quarter worth about $31,000. SeaCrest Wealth Management LLC purchased a new position in shares of American States Water in the second quarter worth $33,000. Jones Financial Companies Lllp purchased a new position in shares of American States Water in the third quarter worth $39,000. Wipfli Financial Advisors LLC purchased a new position in shares of American States Water in the third quarter worth $39,000. Finally, Allworth Financial LP lifted its holdings in shares of American States Water by 48.6% in the third quarter. Allworth Financial LP now owns 1,003 shares of the utilities provider’s stock worth $78,000 after buying an additional 328 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

American States Water Trading Down 1.5 %

NYSE AWR opened at $89.97 on Tuesday. The company’s 50-day moving average price is $94.27 and its 200-day moving average price is $90.59. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 0.64. The stock has a market cap of $3.33 billion, a PE ratio of 41.65 and a beta of 0.41. American States Water has a 12 month low of $71.22 and a 12 month high of $100.50.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 21st will be issued a $0.3975 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Friday, February 17th. American States Water’s payout ratio is presently 73.61%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group assumed coverage on shares of American States Water in a research note on Wednesday, November 30th. They set a “sell” rating and a $92.00 price target on the stock. Wells Fargo & Company upped their price target on shares of American States Water from $90.00 to $96.00 in a research note on Wednesday, December 14th. Finally, Seaport Res Ptn downgraded shares of American States Water from a “buy” rating to a “neutral” rating in a research note on Thursday, January 5th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $89.33.

American States Water Profile

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