HCR Wealth Advisors Sells 591 Shares of American States Water (NYSE:AWR)

HCR Wealth Advisors cut its position in shares of American States Water (NYSE:AWR) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,994 shares of the utilities provider’s stock after selling 591 shares during the quarter. HCR Wealth Advisors’ holdings in American States Water were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new position in American States Water during the third quarter valued at $50,000. Farther Finance Advisors LLC increased its stake in shares of American States Water by 18,820.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 941 shares in the last quarter. Quarry LP purchased a new position in American States Water during the 2nd quarter valued at about $80,000. KBC Group NV boosted its stake in American States Water by 31.9% during the third quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock worth $103,000 after acquiring an additional 299 shares in the last quarter. Finally, CWM LLC boosted its stake in American States Water by 33.3% during the third quarter. CWM LLC now owns 1,393 shares of the utilities provider’s stock worth $116,000 after acquiring an additional 348 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Up 2.5 %

NYSE:AWR opened at $74.00 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The firm has a market cap of $2.77 billion, a P/E ratio of 24.92, a P/E/G ratio of 11.46 and a beta of 0.53. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $87.50. The firm has a 50-day simple moving average of $81.08 and a two-hundred day simple moving average of $81.31.

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

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.52%. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

Wall Street Analysts Forecast Growth

AWR has been the subject of a number of analyst reports. Bank of America assumed coverage on shares of American States Water in a research note on Wednesday, December 11th. They set a “neutral” rating and a $85.00 target price for the company. Wells Fargo & Company lowered 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 research report on Tuesday, January 7th. Finally, StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

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.