Cozad Asset Management Inc. Sells 321 Shares of American States Water (NYSE:AWR)

Cozad Asset Management Inc. decreased its holdings in shares of American States Water (NYSE:AWR) by 1.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,652 shares of the utilities provider’s stock after selling 321 shares during the period. Cozad Asset Management Inc. owned about 0.07% of American States Water worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AWR. ORG Partners LLC bought a new position in shares of American States Water in the second quarter worth about $42,000. Farther Finance Advisors LLC raised its stake in American States Water by 18,820.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 941 shares during the period. CWM LLC lifted its holdings in American States Water by 31.4% during the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 250 shares in the last quarter. Quarry LP bought a new position in shares of American States Water in the second quarter worth approximately $80,000. Finally, GAMMA Investing LLC boosted its position in shares of American States Water by 702.2% in the second quarter. GAMMA Investing LLC now owns 1,115 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 976 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American States Water

In related news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 38,519 shares of the company’s stock, valued at approximately $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. Insiders own 0.82% of the company’s stock.

American States Water Trading Up 1.0 %

American States Water stock opened at $85.58 on Thursday. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The firm’s 50 day moving average price is $83.20 and its 200-day moving average price is $78.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market cap of $3.21 billion, a P/E ratio of 29.82, a PEG ratio of 4.32 and a beta of 0.49.

American States Water (NYSE:AWR) last announced its quarterly 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 company had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $138.00 million. American States Water had a return on equity of 13.45% and a net margin of 18.85%. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, equities analysts predict that American States Water will post 3.03 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 15th. American States Water’s payout ratio is 64.81%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AWR shares. StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $80.00 to $87.00 in a report on Wednesday, July 31st.

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.