New York State Teachers Retirement System Has $5.36 Million Stake in American States Water (NYSE:AWR)

New York State Teachers Retirement System reduced its holdings in American States Water (NYSE:AWR) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,304 shares of the utilities provider’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System owned 0.17% of American States Water worth $5,356,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Inspire Investing LLC increased its stake in American States Water by 2.9% during the 1st quarter. Inspire Investing LLC now owns 5,026 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 140 shares in the last quarter. CWM LLC boosted its holdings in shares of American States Water by 31.4% in the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock valued at $76,000 after buying an additional 250 shares during the period. Arizona State Retirement System increased its position in shares of American States Water by 2.5% during the second quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock worth $756,000 after acquiring an additional 258 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of American States Water by 9.6% during the second quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 269 shares during the period. Finally, First Pacific Financial lifted its position in American States Water by 3.4% in the 3rd quarter. First Pacific Financial now owns 8,783 shares of the utilities provider’s stock valued at $732,000 after acquiring an additional 291 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $80.00 to $87.00 in a report on Wednesday, July 31st.

American States Water Price Performance

NYSE AWR opened at $84.77 on Wednesday. The firm’s 50 day moving average is $83.03 and its 200-day moving average is $78.39. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.18 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 4.27 and a beta of 0.49. 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 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 business 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 posted $0.83 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts anticipate that American States Water will post 3.03 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.4655 per share. The ex-dividend date is Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.20%. American States Water’s payout ratio is presently 64.81%.

Insider Activity at American States Water

In other American States Water news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total transaction of $40,445.00. Following the transaction, the director now owns 38,519 shares of the company’s stock, valued at $3,115,801.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.82% of the company’s stock.

About American States Water

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.