Copeland Capital Management LLC Sells 41,450 Shares of American States Water Co (AWR)

Copeland Capital Management LLC lowered its position in shares of American States Water Co (NYSE:AWR) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,259 shares of the utilities provider’s stock after selling 41,450 shares during the quarter. Copeland Capital Management LLC’s holdings in American States Water were worth $16,890,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westbourne Investment Advisors Inc. bought a new stake in shares of American States Water during the third quarter worth $127,000. Sei Investments Co. raised its position in shares of American States Water by 181.2% during the first quarter. Sei Investments Co. now owns 2,714 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 1,749 shares during the last quarter. Kiley Juergens Wealth Management LLC bought a new stake in shares of American States Water during the third quarter worth $183,000. Eldridge Investment Advisors Inc. bought a new stake in shares of American States Water during the second quarter worth $200,000. Finally, Violich Capital Management Inc. bought a new stake in shares of American States Water during the second quarter worth $202,000. Institutional investors own 72.61% of the company’s stock.

AWR stock opened at $61.06 on Friday. The firm has a market cap of $2.24 billion, a PE ratio of 36.78, a PEG ratio of 5.93 and a beta of 0.10. American States Water Co has a twelve month low of $50.06 and a twelve month high of $63.20. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 0.66.

American States Water (NYSE:AWR) last released its earnings results on Monday, August 6th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). The firm had revenue of $106.90 million for the quarter, compared to the consensus estimate of $114.80 million. American States Water had a return on equity of 11.55% and a net margin of 14.18%. The company’s revenue was down 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities research analysts predict that American States Water Co will post 1.72 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Thursday, November 15th will be paid a dividend of $0.275 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.80%. American States Water’s dividend payout ratio (DPR) is presently 64.33%.

In related news, VP Paul J. Rowley sold 727 shares of American States Water stock in a transaction on Monday, August 13th. The stock was sold at an average price of $59.32, for a total transaction of $43,125.64. Following the completion of the sale, the vice president now directly owns 1,644 shares of the company’s stock, valued at $97,522.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Diana M. Bonta sold 1,454 shares of American States Water stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $61.43, for a total value of $89,319.22. Following the sale, the director now directly owns 18,505 shares of the company’s stock, valued at $1,136,762.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 13,478 shares of company stock valued at $820,156. 1.41% of the stock is owned by insiders.

A number of research firms have recently weighed in on AWR. Zacks Investment Research upgraded American States Water from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Evercore ISI began coverage on American States Water in a research report on Monday, September 17th. They set an “underperform” rating and a $54.00 target price for the company. Finally, Wells Fargo & Co dropped their target price on American States Water from $54.00 to $52.00 and set an “underperform” rating for the company in a research report on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.50.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, 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.

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

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