Metropolitan Life Insurance Co. NY continued to hold its position in American States Water Company (NYSE:AWR) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,562 shares of the utilities provider’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.07% of American States Water worth $1,088,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new position in American States Water during the first quarter worth about $140,000. Pinnacle Bank purchased a new position in American States Water during the first quarter worth about $177,000. State of Alaska Department of Revenue raised its position in American States Water by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock worth $178,000 after buying an additional 80 shares during the period. Envestnet Asset Management Inc. raised its position in American States Water by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 5,280 shares of the utilities provider’s stock worth $235,000 after buying an additional 450 shares during the period. Finally, Asset Management One Co. Ltd. raised its position in American States Water by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 6,151 shares of the utilities provider’s stock worth $270,000 after buying an additional 174 shares during the period. Institutional investors own 67.29% of the company’s stock.
American States Water Company (AWR) opened at 49.06 on Friday. The stock’s 50 day moving average is $48.28 and its 200 day moving average is $45.26. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 29.05 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 announced its quarterly earnings data 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 analyst estimates of $95 million. During the same period last year, the company posted $0.28 EPS. On average, equities analysts forecast that American States Water Company will post $1.69 EPS for the current year.
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A number of research analysts have issued reports on AWR shares. BidaskClub lowered shares of American States Water from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.67.
In other news, CEO Robert J. Sprowls sold 15,200 shares of American States Water stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $49.00, for a total transaction of $744,800.00. Following the completion of the sale, the chief executive officer now directly owns 109,454 shares in the company, valued at approximately $5,363,246. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $47.83, for a total value of $28,698.00. Following the sale, the director now owns 51,619 shares of the company’s stock, valued at $2,468,936.77. The disclosure for this sale can be found here. Insiders have sold a total of 41,597 shares of company stock valued at $1,921,310 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.
American States Water Company Profile
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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