SG Americas Securities LLC Buys 12,875 Shares of American States Water (NYSE:AWR)

SG Americas Securities LLC boosted its holdings in American States Water (NYSE:AWR) by 875.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,346 shares of the utilities provider’s stock after purchasing an additional 12,875 shares during the quarter. SG Americas Securities LLC’s holdings in American States Water were worth $1,115,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in American States Water in the third quarter valued at about $50,000. Farther Finance Advisors LLC raised its stake in American States Water by 18,820.0% during the third quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after buying an additional 941 shares during the last quarter. Quarry LP bought a new stake in American States Water in the second quarter worth approximately $80,000. KBC Group NV increased its stake in American States Water by 31.9% in the third quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 299 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of American States Water by 33.3% during the third quarter. CWM LLC now owns 1,393 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 348 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Trading Down 0.0 %

Shares of American States Water stock opened at $74.71 on Wednesday. The company has a 50 day simple moving average of $78.81 and a two-hundred day simple moving average of $81.35. 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 firm has a market cap of $2.80 billion, a PE ratio of 25.15, a PEG ratio of 11.67 and a beta of 0.53. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $161.78 million during the quarter, compared to analysts’ expectations of $161.00 million. American States Water had a net margin of 19.26% and a return on equity of 13.53%. American States Water’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. Analysts expect that American States Water will post 3.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on AWR. Bank of America started coverage on American States Water in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $85.00 price objective for the company. StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company downgraded American States Water from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $84.00 to $77.00 in a research report on Tuesday, January 7th.

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.