American States Water (NYSE:AWR) Position Boosted by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC increased its holdings in American States Water (NYSE:AWR) by 8,274.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,363 shares of the utilities provider’s stock after purchasing an additional 305,669 shares during the quarter. Pathway Financial Advisers LLC owned 0.83% of American States Water worth $25,767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of American States Water during the 4th quarter valued at $220,000. Wealthcare Advisory Partners LLC acquired a new stake in American States Water during the 1st quarter valued at $534,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of American States Water by 859.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 23,707 shares of the utilities provider’s stock valued at $1,713,000 after purchasing an additional 21,236 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of American States Water by 6.6% during the first quarter. Cornerstone Wealth Management LLC now owns 40,783 shares of the utilities provider’s stock valued at $2,946,000 after buying an additional 2,512 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of American States Water by 0.8% during the first quarter. Maryland State Retirement & Pension System now owns 44,922 shares of the utilities provider’s stock valued at $3,008,000 after buying an additional 352 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American States Water

In other news, Director Anne M. Holloway sold 500 shares of American States Water stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 of the company’s stock, valued at $3,115,801.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AWR has been the subject of a number of research analyst reports. StockNews.com lowered shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company upgraded shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.

American States Water Stock Down 1.2 %

NYSE AWR traded down $1.00 on Friday, reaching $82.34. The stock had a trading volume of 102,128 shares, compared to its average volume of 217,737. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The business has a 50 day moving average price of $82.89 and a 200 day moving average price of $77.65. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 4.38 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 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.02). The business had revenue of $155.30 million during the quarter, compared to the consensus estimate of $138.00 million. American States Water had a return on equity of 13.45% and a net margin of 18.85%. The business’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, analysts forecast that American States Water will post 3.03 EPS for the current fiscal year.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were issued a dividend of $0.4655 per share. This is a positive change from American States Water’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, August 16th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.26%. American States Water’s dividend payout ratio is currently 64.81%.

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.