American States Water (NYSE:AWR) Shares Sold by Raymond James Trust N.A.

Raymond James Trust N.A. cut its holdings in shares of American States Water (NYSE:AWR) by 7.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,020 shares of the utilities provider’s stock after selling 240 shares during the period. Raymond James Trust N.A.’s holdings in American States Water were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its stake in shares of American States Water by 16.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,427 shares of the utilities provider’s stock valued at $248,000 after buying an additional 474 shares during the last quarter. Advisors Asset Management Inc. raised its position in American States Water by 23.9% during the first quarter. Advisors Asset Management Inc. now owns 3,738 shares of the utilities provider’s stock valued at $270,000 after acquiring an additional 721 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in American States Water by 13.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,508 shares of the utilities provider’s stock valued at $2,421,000 after acquiring an additional 4,060 shares during the period. Janus Henderson Group PLC boosted its position in American States Water by 63.2% in the 1st quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock worth $1,966,000 after purchasing an additional 10,538 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of American States Water by 242.6% during the 1st quarter. Tidal Investments LLC now owns 11,100 shares of the utilities provider’s stock worth $802,000 after purchasing an additional 7,860 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American States Water Stock Down 0.0 %

American States Water stock opened at $85.37 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The stock has a market capitalization of $3.20 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 4.49 and a beta of 0.49. The business has a 50 day simple moving average of $84.08 and a 200-day simple moving average of $79.82. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $161.78 million during the quarter, compared to analysts’ expectations of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. American States Water’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. On average, analysts anticipate that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.4655 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.18%. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AWR shares. StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company raised shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $80.00 to $87.00 in a research note on Wednesday, July 31st.

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.