Allworth Financial LP Has $91,000 Stock Position in American States Water (NYSE:AWR)

Allworth Financial LP boosted its stake in shares of American States Water (NYSE:AWR) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,262 shares of the utilities provider’s stock after purchasing an additional 165 shares during the period. Allworth Financial LP’s holdings in American States Water were worth $91,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 393 shares in the last quarter. Asset Planning Inc acquired a new stake in American States Water in the fourth quarter valued at $113,000. Van ECK Associates Corp lifted its stake in American States Water by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 11,077 shares of the utilities provider’s stock valued at $861,000 after acquiring an additional 831 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of American States Water by 332.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,222 shares of the utilities provider’s stock valued at $7,753,000 after acquiring an additional 77,792 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of American States Water by 1.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 200 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American States Water Price Performance

American States Water stock opened at $75.63 on Tuesday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 12.89 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.64 and a debt-to-equity ratio of 0.88. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The stock’s 50 day moving average is $75.10 and its 200-day moving average is $80.40.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. American States Water had a return on equity of 13.63% and a net margin of 20.03%. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $160.17 million. Equities research analysts expect that American States Water will post 3.34 EPS for the current year.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be given a dividend of $0.4655 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.46%. American States Water’s payout ratio is presently 58.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AWR shares. Wells Fargo & Company cut American States Water from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $84.00 to $77.00 in a report on Tuesday, January 7th. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Bank of America downgraded shares of American States Water from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $85.00 to $71.00 in a report on Monday, February 3rd.

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.