Thrivent Financial for Lutherans Sells 1,491 Shares of American States Water (NYSE:AWR)

Thrivent Financial for Lutherans lowered its position in American States Water (NYSE:AWR) by 4.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,415 shares of the utilities provider’s stock after selling 1,491 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of American States Water worth $2,450,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC boosted its holdings in American States Water by 16.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 3,427 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 474 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of American States Water by 23.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,738 shares of the utilities provider’s stock valued at $270,000 after buying an additional 721 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of American States Water by 13.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 33,508 shares of the utilities provider’s stock valued at $2,421,000 after buying an additional 4,060 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of American States Water by 63.2% in the first quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock valued at $1,966,000 after buying an additional 10,538 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in American States Water by 242.6% during the first quarter. Tidal Investments LLC now owns 11,100 shares of the utilities provider’s stock worth $802,000 after buying an additional 7,860 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a report on Wednesday. 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 Price Performance

Shares of NYSE AWR opened at $85.37 on Thursday. The stock has a market capitalization of $3.20 billion, a PE ratio of 28.74, a P/E/G ratio of 4.49 and a beta of 0.49. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $87.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The business has a fifty day moving average price of $84.08 and a two-hundred day moving average price of $79.82.

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

American States Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.4655 dividend. This represents a $1.86 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, November 15th. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

About American States Water

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.