American States Water (NYSE:AWR) shares sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its stake in shares of American States Water (NYSE:AWR – Free Report) by 10.4% during the first quarter, according to the company’s most recent filing with the Securities & Exchange Commission. The fund owned 2,806 shares of the utility provider after selling 326 shares during the period. QRG Capital Management Inc.’s holdings in American States Water were worth $203,000 at the time of its most recent SEC filing.

A number of other large investors also made changes to their positions in AWR. Raymond James & Associates increased its stake in shares of American States Water by 0.9% in the fourth quarter. Raymond James & Associates now owns 41,710 shares of the utility provider’s stock worth $3,354,000 after acquiring an additional 362 shares in the last quarter. Assenagon Asset Management SA increased its stake in American States Water by 1.0% in the fourth quarter. Assenagon Asset Management SA now owns 120,745 shares of the utility provider’s stock worth $9,710,000 after acquiring an additional 1,203 shares in the last quarter. Vision Capital Management Inc. acquired a new stake in American States Water in the fourth quarter worth approximately $235,000. Ritholtz Wealth Management increased its stake in American States Water by 3.3% in the fourth quarter. Ritholtz Wealth Management now owns 6,407 shares of the utility provider’s stock worth $515,000 after buying an additional 205 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in American States Water by 370.5% in the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the utility provider’s stock worth $95,000 after buying an additional 930 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street analysts predict growth

Additionally, on Thursday, May 9, Wells Fargo & Company raised their price target on American States Water from $77.00 to $80.00 and gave the stock an “underweight” rating in a research report.

Read our latest stock analysis on American States Water

US States Water Supply Down 0.6%

Shares of NYSE:AWR opened at $79.12 on Monday. The stock’s 50-day moving average price is $73.89 and its 200-day moving average price is $73.49. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09. American States Water has a 12-month low of $66.03 and a 12-month high of $89.93. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 4.17 and a beta of 0.46.

American States Water (NYSE:AWR – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The utility provider reported $0.62 EPS for the quarter, which topped analysts’ consensus estimates of $0.62. The company had revenue of $135.30 million for the quarter, compared to the consensus estimate of $119.00 million. American States Water had a return on equity of 13.65% and a net margin of 19.95%. The company’s quarterly revenue was down 16.2% compared to the year-ago quarter. In the same period last year, the company posted $0.54 EPS. On average, analysts predict that American States Water will post 3.01 EPS for the current year.

US States Water Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 20th were given a dividend of $0.43. The ex-dividend date was Friday, May 17th. This represents an annualized dividend of $1.72 and a dividend yield of 2.17%. American States Water’s dividend payout ratio (DPR) is 56.21%.

Insider transactions at American States Water

In other news, Director Mary Ann Hopkins acquired 560 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $71.53 per share, for a total transaction of $40,056.80. Following the acquisition, the Director now directly owns 3,606 shares of the company’s stock, valued at approximately $257,937.18. The purchase was disclosed in a filing with the SEC, available at this link . In other news, Director Mary Ann Hopkins acquired 560 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $71.53 per share, for a total transaction of $40,056.80. Following the acquisition, the Director now directly owns 3,606 shares of the company’s stock, valued at approximately $257,937.18. The purchase was disclosed in a filing with the SEC, available at this link . Also, Director Thomas A. Eichelberger bought 640 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average price of $77.62 per share, for a total transaction of $49,676.80. Following the completion of the acquisition, the Director now owns 7,006 shares in the company, valued at approximately $543,805.72. The disclosure for this purchase can be found here. Company insiders own 0.82% of the company’s stock.

About American Statenwater

(Free Report)

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial and other customers in the United States. The company operates through three segments: Water, Electric and Contracted Services. The company purchases, produces, distributes and sells water and distributes electricity.

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