American States Water (NYSE:AWR) Holdings Decreased by Yousif Capital Management LLC

Posted by on Aug 1st, 2023

Yousif Capital Management LLC trimmed its position in American States Water (NYSE:AWR – Free Report) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,754 shares of the utilities provider’s stock after selling 2,680 shares during the quarter. Yousif Capital Management LLC owned approximately 0.06% of American States Water worth $1,845,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in AWR. Vigilant Capital Management LLC acquired a new stake in shares of American States Water in the first quarter valued at $36,000. CI Investments Inc. acquired a new stake in shares of American States Water in the fourth quarter valued at $54,000. Advisors Asset Management Inc. lifted its holdings in shares of American States Water by 28.2% in the first quarter. Advisors Asset Management Inc. now owns 1,051 shares of the utilities provider’s stock valued at $94,000 after buying an additional 231 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of American States Water during the first quarter worth $96,000. Finally, Private Ocean LLC acquired a new stake in shares of American States Water during the first quarter worth $98,000. 73.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AWR has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on American States Water in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Wells Fargo & Company lowered American States Water from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $94.00 to $89.00 in a research report on Wednesday, June 28th. Finally, UBS Group raised American States Water from a “sell” rating to a “neutral” rating in a research report on Wednesday, June 28th.

Insider Buying and Selling at American States Water

In related news, Director Anne M. Holloway sold 636 shares of American States Water stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $89.00, for a total value of $56,604.00. Following the completion of the transaction, the director now directly owns 38,492 shares of the company’s stock, valued at $3,425,788. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas A. Eichelberger acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average cost of $89.99 per share, for a total transaction of $179,980.00. Following the completion of the transaction, the director now directly owns 2,000 shares in the company, valued at $179,980. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne M. Holloway sold 636 shares of American States Water stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $89.00, for a total value of $56,604.00. Following the completion of the sale, the director now owns 38,492 shares of the company’s stock, valued at $3,425,788. The disclosure for this sale can be found here. Company insiders own 0.82% of the company’s stock.

American States Water Stock Performance

AWR opened at $88.41 on Tuesday. The company has a market cap of $3.27 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 4.75 and a beta of 0.40. The stock has a 50-day moving average of $87.83 and a 200-day moving average of $89.83. American States Water has a 52-week low of $77.91 and a 52-week high of $100.50. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.40 and a current ratio of 0.45.

American States Water (NYSE:AWR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. American States Water had a net margin of 18.12% and a return on equity of 12.74%. The firm had revenue of $161.42 million for the quarter. As a group, equities research analysts forecast that American States Water will post 2.95 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Friday, May 19th were issued a dividend of $0.3975 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.80%. American States Water’s payout ratio is presently 59.77%.

American States Water Company Profile

(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. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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

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