IFM Investors Pty Ltd Sells 273 Shares of American States Water (NYSE:AWR)

IFM Investors Pty Ltd trimmed its holdings in shares of American States Water (NYSE:AWR) by 5.3% in the 3rd quarter, Holdings Channel reports. The firm owned 4,920 shares of the utilities provider’s stock after selling 273 shares during the quarter. IFM Investors Pty Ltd’s holdings in American States Water were worth $410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AWR. Millennium Management LLC lifted its position in shares of American States Water by 205.5% during the second quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider’s stock worth $31,974,000 after purchasing an additional 296,361 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of American States Water by 182.8% during the second quarter. Victory Capital Management Inc. now owns 220,718 shares of the utilities provider’s stock worth $16,018,000 after purchasing an additional 142,664 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of American States Water by 2.9% during the first quarter. Vanguard Group Inc. now owns 4,760,524 shares of the utilities provider’s stock worth $343,900,000 after purchasing an additional 132,674 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of American States Water by 92.7% during the second quarter. Edgestream Partners L.P. now owns 87,452 shares of the utilities provider’s stock valued at $6,346,000 after buying an additional 42,064 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American States Water by 70.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,302 shares of the utilities provider’s stock valued at $7,246,000 after buying an additional 41,576 shares during the period. 75.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American States Water

In other American States Water news, Director Anne M. Holloway sold 500 shares of American States Water stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the transaction, the director now owns 38,519 shares in the company, valued at $3,115,801.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.82% of the stock is owned by insiders.

American States Water Price Performance

AWR opened at $83.21 on Tuesday. The business’s 50-day moving average is $82.90 and its two-hundred day moving average is $77.86. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. 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 capitalization of $3.12 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 4.31 and a beta of 0.49.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $80.00 to $87.00 in a research note on Wednesday, July 31st. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th.

American States Water Company 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.