American States Water (NYSE:AWR) Stock Holdings Trimmed by Amalgamated Bank

Amalgamated Bank decreased its holdings in American States Water (NYSE:AWR) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,370 shares of the utilities provider’s stock after selling 138 shares during the quarter. Amalgamated Bank’s holdings in American States Water were worth $825,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Assetmark Inc. grew its position in American States Water by 633.3% in the 4th quarter. Assetmark Inc. now owns 352 shares of the utilities provider’s stock valued at $28,000 after buying an additional 304 shares in the last quarter. TFO Wealth Partners LLC lifted its stake in shares of American States Water by 44,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 441 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 440 shares during the period. ORG Partners LLC bought a new position in shares of American States Water in the second quarter valued at approximately $42,000. Clarity Asset Management Inc. acquired a new position in shares of American States Water during the fourth quarter valued at approximately $76,000. Finally, CWM LLC raised its holdings in American States Water by 31.4% during the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 250 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Anne M. Holloway sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares in the company, valued at approximately $3,115,801.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AWR. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $80.00 to $87.00 in a report on Wednesday, July 31st.

American States Water Stock Up 1.4 %

AWR stock opened at $82.63 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market cap of $3.10 billion, a PE ratio of 27.00, a P/E/G ratio of 4.34 and a beta of 0.49. American States Water has a 12 month low of $66.03 and a 12 month high of $85.71. The firm has a 50 day simple moving average of $82.03 and a 200 day simple moving average of $75.86.

American States Water (NYSE:AWR) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). American States Water had a return on equity of 13.45% and a net margin of 18.85%. The company had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that American States Water will post 3.03 earnings per share for the current fiscal year.

American States Water Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from American States Water’s previous quarterly dividend of $0.43. This represents a $1.86 dividend on an annualized basis and a yield of 2.25%. American States Water’s dividend payout ratio is currently 60.78%.

American States Water Profile

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