Allspring Global Investments Holdings LLC Has $1.95 Million Stock Position in American States Water (NYSE:AWR)

Allspring Global Investments Holdings LLC lessened its position in shares of American States Water (NYSE:AWR) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,430 shares of the utilities provider’s stock after selling 7,794 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of American States Water worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AWR. Vanguard Group Inc. raised its position in American States Water by 2.9% in the first quarter. Vanguard Group Inc. now owns 4,760,524 shares of the utilities provider’s stock worth $343,900,000 after purchasing an additional 132,674 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American States Water by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider’s stock worth $61,389,000 after buying an additional 6,372 shares during the period. Bank of New York Mellon Corp boosted its stake in American States Water by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 450,788 shares of the utilities provider’s stock valued at $32,714,000 after buying an additional 24,042 shares in the last quarter. Millennium Management LLC grew its position in American States Water by 205.5% in the second quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider’s stock valued at $31,974,000 after acquiring an additional 296,361 shares during the period. Finally, Robeco Schweiz AG raised its stake in American States Water by 11.0% during the second quarter. Robeco Schweiz AG now owns 346,117 shares of the utilities provider’s stock worth $25,118,000 after acquiring an additional 34,328 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

American States Water Trading Down 0.2 %

AWR stock opened at $82.35 on Thursday. The business has a fifty day moving average price of $82.93 and a 200 day moving average price of $78.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $87.50. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 4.31 and a beta of 0.49.

American States Water (NYSE:AWR) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). The business had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. American States Water had a net margin of 18.85% and a return on equity of 13.45%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Analysts expect that American States Water will post 3.03 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.26%. American States Water’s payout ratio is 64.81%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total transaction of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares in the company, valued at $3,115,801.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is owned by insiders.

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.