Oberweis Asset Management Inc. lowered its position in shares of American States Water Co (NYSE:AWR) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,490 shares of the utilities provider’s stock after selling 3,000 shares during the quarter. Oberweis Asset Management Inc.’s holdings in American States Water were worth $435,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in AWR. WINTON GROUP Ltd boosted its position in American States Water by 1,242.5% during the 4th quarter. WINTON GROUP Ltd now owns 258,677 shares of the utilities provider’s stock worth $17,342,000 after acquiring an additional 239,409 shares during the last quarter. Copper Rock Capital Partners LLC acquired a new position in American States Water during the 4th quarter worth approximately $14,462,000. BlackRock Inc. boosted its position in American States Water by 3.4% during the 3rd quarter. BlackRock Inc. now owns 5,537,867 shares of the utilities provider’s stock worth $338,586,000 after acquiring an additional 179,576 shares during the last quarter. Walthausen & Co. LLC bought a new stake in shares of American States Water during the 3rd quarter worth approximately $6,905,000. Finally, Copeland Capital Management LLC raised its stake in shares of American States Water by 24.3% during the 4th quarter. Copeland Capital Management LLC now owns 343,505 shares of the utilities provider’s stock worth $23,029,000 after purchasing an additional 67,246 shares in the last quarter. 71.52% of the stock is owned by hedge funds and other institutional investors.
In other news, Director James L. Anderson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $71.19, for a total transaction of $106,785.00. Following the sale, the director now owns 33,860 shares in the company, valued at approximately $2,410,493.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Lloyd E. Ross sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $64.88, for a total value of $32,440.00. Following the sale, the director now owns 49,279 shares in the company, valued at approximately $3,197,221.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,631 shares of company stock worth $395,007. Company insiders own 1.41% of the company’s stock.
Shares of American States Water stock opened at $70.92 on Friday. American States Water Co has a 12-month low of $51.30 and a 12-month high of $72.05. The company has a market cap of $2.61 billion, a PE ratio of 41.23, a P/E/G ratio of 5.97 and a beta of 0.08. The company has a current ratio of 0.90, a quick ratio of 0.86 and a debt-to-equity ratio of 0.67.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). American States Water had a return on equity of 11.70% and a net margin of 14.62%. The company had revenue of $111.00 million for the quarter, compared to the consensus estimate of $104.54 million. During the same quarter in the prior year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts expect that American States Water Co will post 2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 15th were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, February 14th. American States Water’s dividend payout ratio is currently 63.95%.
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About American States Water
American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.
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