Fruth Investment Management lowered its position in shares of American States Water Company (NYSE:AWR) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,800 shares of the utilities provider’s stock after selling 600 shares during the period. Fruth Investment Management’s holdings in American States Water were worth $369,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of American States Water by 9,491.3% in the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock worth $203,346,000 after buying an additional 4,542,365 shares during the last quarter. Vanguard Group Inc. increased its position in shares of American States Water by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock worth $163,649,000 after buying an additional 201,727 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of American States Water by 0.3% in the first quarter. Pictet Asset Management Ltd. now owns 1,679,726 shares of the utilities provider’s stock worth $74,412,000 after buying an additional 5,247 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of American States Water by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,318,957 shares of the utilities provider’s stock worth $58,429,000 after buying an additional 36,045 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of American States Water by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 954,997 shares of the utilities provider’s stock worth $42,306,000 after buying an additional 33,107 shares during the last quarter. 67.32% of the stock is currently owned by institutional investors and hedge funds.
American States Water Company (NYSE AWR) traded up 1.08% during trading on Thursday, reaching $48.61. 14,168 shares of the company’s stock traded hands. The company has a 50 day moving average of $47.88 and a 200 day moving average of $45.08. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 28.78 and a beta of 0.46. American States Water Company has a one year low of $37.47 and a one year high of $50.86.
American States Water (NYSE:AWR) last released its earnings results on Tuesday, May 2nd. The utilities provider reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.02. American States Water had a return on equity of 12.72% and a net margin of 14.11%. The firm had revenue of $98.81 million during the quarter, compared to the consensus estimate of $95 million. During the same quarter in the previous year, the company posted $0.28 earnings per share. Equities research analysts predict that American States Water Company will post $1.69 EPS for the current year.
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A number of analysts have recently commented on AWR shares. US Capital Advisors restated a “hold” rating on shares of American States Water in a report on Monday. Zacks Investment Research cut shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of American States Water from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.67.
In related news, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $47.83, for a total transaction of $28,698.00. Following the completion of the sale, the director now owns 51,619 shares of the company’s stock, valued at $2,468,936.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $47.52, for a total value of $59,400.00. Following the sale, the insider now directly owns 13,197 shares of the company’s stock, valued at approximately $627,121.44. The disclosure for this sale can be found here. Insiders have sold 41,597 shares of company stock valued at $1,921,310 in the last ninety days. Corporate insiders own 1.43% of the company’s stock.
About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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