Choreo LLC Buys 822 Shares of American States Water (NYSE:AWR)

Choreo LLC grew its holdings in American States Water (NYSE:AWR) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,597 shares of the utilities provider’s stock after buying an additional 822 shares during the quarter. Choreo LLC’s holdings in American States Water were worth $359,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AWR. Pathway Financial Advisers LLC raised its holdings in shares of American States Water by 8,274.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 309,363 shares of the utilities provider’s stock worth $25,767,000 after buying an additional 305,669 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of American States Water by 107.1% in the 3rd quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider’s stock valued at $31,815,000 after buying an additional 197,556 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of American States Water by 114.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 271,325 shares of the utilities provider’s stock valued at $22,599,000 after buying an additional 144,510 shares during the period. Barclays PLC increased its stake in shares of American States Water by 172.8% in the 3rd quarter. Barclays PLC now owns 78,706 shares of the utilities provider’s stock valued at $6,554,000 after buying an additional 49,851 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of American States Water by 29.6% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 158,292 shares of the utilities provider’s stock valued at $13,184,000 after buying an additional 36,122 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AWR shares. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Bank of America downgraded American States Water from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $85.00 to $71.00 in a research report on Monday, February 3rd. Finally, Wells Fargo & Company downgraded American States Water from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $84.00 to $77.00 in a research report on Tuesday, January 7th.

American States Water Trading Down 1.2 %

Shares of AWR stock opened at $74.16 on Thursday. 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 stock has a market cap of $2.78 billion, a P/E ratio of 24.97, a price-to-earnings-growth ratio of 12.59 and a beta of 0.53. The stock has a 50 day simple moving average of $76.35 and a 200 day simple moving average of $80.85. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4655 per share. The ex-dividend date is Tuesday, February 18th. This represents a $1.86 annualized dividend and a dividend 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.