American States Water (NYSE:AWR) Stake Cut by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of American States Water (NYSE:AWRFree Report) by 85.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,449 shares of the utilities provider’s stock after selling 51,167 shares during the quarter. SG Americas Securities LLC’s holdings in American States Water were worth $679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AWR. State Street Corp lifted its holdings in shares of American States Water by 16.5% during the 2nd quarter. State Street Corp now owns 3,572,789 shares of the utilities provider’s stock valued at $291,218,000 after buying an additional 507,209 shares during the last quarter. Norges Bank bought a new stake in American States Water in the fourth quarter worth approximately $30,951,000. Millennium Management LLC grew its position in American States Water by 929.0% in the fourth quarter. Millennium Management LLC now owns 177,706 shares of the utilities provider’s stock worth $16,447,000 after acquiring an additional 160,437 shares in the last quarter. Robeco Schweiz AG raised its holdings in shares of American States Water by 74.8% during the 3rd quarter. Robeco Schweiz AG now owns 362,728 shares of the utilities provider’s stock valued at $28,539,000 after purchasing an additional 155,180 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of American States Water by 21.0% in the 3rd quarter. Invesco Ltd. now owns 884,458 shares of the utilities provider’s stock valued at $69,589,000 after purchasing an additional 153,409 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity

In other American States Water news, Director Thomas A. Eichelberger acquired 1,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the purchase, the director now owns 5,850 shares of the company’s stock, valued at approximately $416,578.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.82% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut their target price on American States Water from $79.00 to $77.00 and set an “underweight” rating on the stock in a report on Friday, February 23rd.

View Our Latest Analysis on American States Water

American States Water Stock Down 0.6 %

Shares of American States Water stock opened at $69.62 on Thursday. American States Water has a 12-month low of $69.21 and a 12-month high of $95.07. The company has a quick ratio of 1.13, a current ratio of 1.24 and a debt-to-equity ratio of 1.12. The stock has a 50 day moving average price of $73.21 and a two-hundred day moving average price of $77.44. The stock has a market capitalization of $2.58 billion, a P/E ratio of 20.66, a PEG ratio of 3.78 and a beta of 0.43.

American States Water (NYSE:AWRGet Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The business had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $132.00 million. During the same period in the previous year, the company earned $0.42 earnings per share. American States Water’s revenue for the quarter was down .2% on a year-over-year basis. Equities analysts expect that American States Water will post 3.01 earnings per share for the current year.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, February 16th. American States Water’s dividend payout ratio (DPR) is 51.04%.

American States Water Company Profile

(Free Report)

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

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

Receive News & Ratings for American States Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water and related companies with MarketBeat.com's FREE daily email newsletter.