KBC Group NV Sells 4,363 Shares of American States Water Company (AWR)

KBC Group NV reduced its position in shares of American States Water Company (NYSE:AWR) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,567 shares of the utilities provider’s stock after selling 4,363 shares during the period. KBC Group NV owned about 0.29% of American States Water worth $5,298,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Riverhead Capital Management LLC boosted its position in American States Water by 85.4% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 1,196 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in American States Water during the second quarter valued at approximately $127,000. IndexIQ Advisors LLC acquired a new position in American States Water during the second quarter valued at approximately $166,000. Meeder Asset Management Inc. raised its stake in American States Water by 328.5% in the third quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock valued at $207,000 after buying an additional 3,226 shares during the period. Finally, Advisor Group Inc. raised its stake in American States Water by 16.3% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after buying an additional 609 shares during the period. 64.71% of the stock is owned by institutional investors.

In other news, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $49.61, for a total value of $62,012.50. Following the completion of the transaction, the insider now directly owns 9,466 shares of the company’s stock, valued at approximately $469,608.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.72, for a total value of $31,032.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,775 shares of company stock valued at $311,573. 1.49% of the stock is owned by corporate insiders.

Several research firms have issued reports on AWR. Wells Fargo & Company upped their price objective on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. American States Water currently has a consensus rating of “Hold” and an average target price of $51.00.

American States Water Company (NYSE AWR) opened at $56.21 on Thursday. The firm has a market capitalization of $2,053.67, a P/E ratio of 30.60, a PEG ratio of 6.53 and a beta of 0.48. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97. American States Water Company has a 52 week low of $41.14 and a 52 week high of $58.11.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $124.40 million for the quarter, compared to analyst estimates of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. research analysts expect that American States Water Company will post 1.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Wednesday, November 15th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, November 14th. American States Water’s dividend payout ratio (DPR) is 55.74%.

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American States Water Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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