Quarry LP Cuts Position in American States Water (NYSE:AWR)

Quarry LP decreased its holdings in American States Water (NYSE:AWR) by 12.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,260 shares of the utilities provider’s stock after selling 174 shares during the quarter. Quarry LP’s holdings in American States Water were worth $98,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AWR. Golden State Wealth Management LLC purchased a new position in American States Water in the fourth quarter worth $30,000. Federated Hermes Inc. raised its position in American States Water by 92.5% in the fourth quarter. Federated Hermes Inc. now owns 439 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 211 shares in the last quarter. Plato Investment Management Ltd raised its position in American States Water by 2,173.9% in the fourth quarter. Plato Investment Management Ltd now owns 523 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 500 shares in the last quarter. Blue Trust Inc. raised its position in American States Water by 367.3% in the fourth quarter. Blue Trust Inc. now owns 500 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 393 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in American States Water by 198.9% in the fourth quarter. Jones Financial Companies Lllp now owns 541 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 360 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Activity at American States Water

In other news, Director Diana M. Bonta sold 969 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $77.00, for a total transaction of $74,613.00. Following the transaction, the director now directly owns 15,931 shares in the company, valued at $1,226,687. This represents a 5.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.83% of the company’s stock.

American States Water Stock Up 2.2 %

AWR opened at $80.69 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.88. The firm has a market cap of $3.11 billion, a P/E ratio of 25.45, a PEG ratio of 12.92 and a beta of 0.56. American States Water has a 52 week low of $69.37 and a 52 week high of $87.50. The business’s fifty day simple moving average is $77.75 and its 200 day simple moving average is $78.94.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $143.10 million for the quarter, compared to analyst estimates of $160.17 million. American States Water had a return on equity of 13.63% and a net margin of 20.03%. As a group, equities research analysts anticipate that American States Water will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Tuesday, February 18th were paid a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, February 18th. American States Water’s payout ratio is currently 58.68%.

Wall Street Analysts Forecast Growth

AWR has been the topic of several research reports. StockNews.com raised American States Water from a “sell” rating to a “hold” rating in a report on Saturday, March 8th. Bank of America lowered American States Water from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $85.00 to $71.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered American States Water from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $84.00 to $77.00 in a 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.