Allspring Global Investments Holdings LLC Sells 1,382 Shares of American States Water (NYSE:AWR)

Allspring Global Investments Holdings LLC lessened its holdings in shares of American States Water (NYSE:AWR) by 35.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,471 shares of the utilities provider’s stock after selling 1,382 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American States Water were worth $199,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in AWR. Commonwealth Equity Services LLC grew its stake in shares of American States Water by 6.5% during the third quarter. Commonwealth Equity Services LLC now owns 44,495 shares of the utilities provider’s stock worth $3,501,000 after purchasing an additional 2,732 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American States Water by 6.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,184 shares of the utilities provider’s stock valued at $801,000 after acquiring an additional 652 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of American States Water by 143.9% in the 3rd quarter. Mackenzie Financial Corp now owns 5,917 shares of the utilities provider’s stock valued at $452,000 after acquiring an additional 3,491 shares during the period. IFM Investors Pty Ltd boosted its stake in American States Water by 8.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,937 shares of the utilities provider’s stock worth $388,000 after acquiring an additional 389 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in American States Water by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,367 shares of the utilities provider’s stock valued at $1,524,000 after purchasing an additional 792 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American States Water

In other American States Water news, Director Thomas A. Eichelberger bought 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $71.21 per share, with a total value of $99,694.00. Following the completion of the transaction, the director now owns 5,850 shares in the company, valued at $416,578.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.82% of the company’s stock.

American States Water Stock Down 0.6 %

Shares of American States Water stock opened at $69.91 on Friday. American States Water has a 1 year low of $66.03 and a 1 year high of $92.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.13. The company has a market capitalization of $2.60 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.71 and a beta of 0.43. The business has a 50-day moving average of $71.07 and a two-hundred day moving average of $76.20.

American States Water (NYSE:AWR) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $125.20 million for the quarter, compared to the consensus estimate of $132.00 million. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. As a group, equities analysts predict that American States Water will post 3.01 EPS for the current year.

American States Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were paid a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, February 16th. American States Water’s payout ratio is 51.04%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their target price on shares of American States Water from $79.00 to $77.00 and set an “underweight” rating on the stock in a report on Friday, February 23rd.

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.