American States Water (NYSE:AWR) Shares Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its holdings in shares of American States Water (NYSE:AWR) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,300 shares of the utilities provider’s stock after buying an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in American States Water were worth $1,422,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in American States Water during the 4th quarter worth approximately $30,000. Blue Trust Inc. lifted its holdings in American States Water by 367.3% during the 4th quarter. Blue Trust Inc. now owns 500 shares of the utilities provider’s stock worth $42,000 after buying an additional 393 shares in the last quarter. Assetmark Inc. acquired a new stake in American States Water during the 3rd quarter worth approximately $50,000. Farther Finance Advisors LLC lifted its holdings 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 buying an additional 941 shares in the last quarter. Finally, KBC Group NV lifted its holdings in American States Water by 31.9% during the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock worth $103,000 after buying an additional 299 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWR has been the topic of a number of analyst reports. Wells Fargo & Company lowered shares of American States Water from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $84.00 to $77.00 in a report on Tuesday, January 7th. StockNews.com lowered shares of American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Bank of America lowered shares of American States Water from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $85.00 to $71.00 in a report on Monday, February 3rd.

American States Water Price Performance

Shares of AWR opened at $74.11 on Monday. The firm’s fifty day simple moving average is $76.04 and its 200-day simple moving average is $80.73. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 12.59 and a beta of 0.53.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be given a $0.4655 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.86 dividend on an annualized basis and a yield of 2.51%. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

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.