HCR Wealth Advisors Sells 591 Shares of American States Water (NYSE:AWR)

HCR Wealth Advisors cut its stake in shares of American States Water (NYSE:AWR) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 10,994 shares of the utilities provider’s stock after selling 591 shares during the quarter. HCR Wealth Advisors’ holdings in American States Water were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in American States Water during the third quarter valued at $50,000. Farther Finance Advisors LLC boosted its position in American States Water by 18,820.0% in the third quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 941 shares during the last quarter. Quarry LP bought a new stake in shares of American States Water during the 2nd quarter valued at about $80,000. KBC Group NV increased its position in shares of American States Water by 31.9% during the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock valued at $103,000 after purchasing an additional 299 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of American States Water by 33.3% in the 3rd quarter. CWM LLC now owns 1,393 shares of the utilities provider’s stock worth $116,000 after purchasing an additional 348 shares during the period. 75.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AWR shares. Wells Fargo & Company lowered shares of American States Water from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $84.00 to $77.00 in a research report on Tuesday, January 7th. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Bank of America started coverage on American States Water in a report on Wednesday, December 11th. They issued a “neutral” rating and a $85.00 target price on the stock.

American States Water Trading Up 2.5 %

Shares of NYSE:AWR opened at $74.00 on Thursday. American States Water has a 12-month low of $66.03 and a 12-month high of $87.50. The company has a market cap of $2.77 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 11.46 and a beta of 0.53. The stock has a 50 day moving average of $81.08 and a 200 day moving average of $81.31. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The firm had revenue of $161.78 million during the quarter, compared to the consensus estimate of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, equities research analysts expect that American States Water will post 3.02 EPS for the current year.

American States Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.4655 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a yield of 2.52%. American States Water’s payout ratio is presently 62.63%.

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.