APG Asset Management N.V. grew its position in shares of American States Water Co (NYSE:AWR) by 101.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,122 shares of the utilities provider’s stock after buying an additional 12,122 shares during the quarter. APG Asset Management N.V. owned 0.07% of American States Water worth $1,972,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of American States Water in the first quarter valued at approximately $25,000. Archer Investment Corp purchased a new position in American States Water in the fourth quarter worth $33,000. Rockefeller Capital Management L.P. grew its stake in American States Water by 229.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 431 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 300 shares during the period. NumerixS Investment Technologies Inc increased its position in shares of American States Water by 119.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 438 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 238 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of American States Water during the 4th quarter worth $39,000. 70.83% of the stock is currently owned by hedge funds and other institutional investors.
In other American States Water news, VP Bryan K. Switzer sold 400 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $78.57, for a total value of $31,428.00. Following the completion of the sale, the vice president now directly owns 9,007 shares in the company, valued at $707,679.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.95% of the stock is owned by corporate insiders.
American States Water (NYSE:AWR) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.05). American States Water had a return on equity of 13.44% and a net margin of 17.78%. The firm had revenue of $109.10 million during the quarter, compared to analysts’ expectations of $105.42 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. American States Water’s revenue for the quarter was up 7.0% compared to the same quarter last year. Research analysts forecast that American States Water Co will post 2.27 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 15th were issued a dividend of $0.305 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.22 dividend on an annualized basis and a yield of 1.58%. American States Water’s dividend payout ratio is presently 57.28%.
Several equities analysts recently weighed in on AWR shares. Janney Montgomery Scott upgraded shares of American States Water from a “neutral” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Wednesday, March 4th. UBS Group lifted their price target on shares of American States Water from $65.00 to $70.00 and gave the stock a “sell” rating in a report on Monday, June 22nd. Seaport Global Securities started coverage on American States Water in a research note on Wednesday, May 20th. They issued a “buy” rating and a $84.00 price objective on the stock. Wells Fargo & Co decreased their target price on American States Water from $84.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Investment Research upped their price target on American States Water from $79.00 to $86.00 in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $81.80.
About American States Water
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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