Global Retirement Partners LLC Has $231,000 Holdings in American States Water (NYSE:AWR)

Posted by Defense World Staff on Aug 10th, 2023

Global Retirement Partners LLC boosted its position in shares of American States Water (NYSE:AWR – Free Report) by 114.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,594 shares of the utilities provider’s stock after buying an additional 1,384 shares during the period. Global Retirement Partners LLC’s holdings in American States Water were worth $231,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. bought a new position in American States Water in the first quarter valued at about $327,000. Private Ocean LLC bought a new position in American States Water during the 1st quarter worth approximately $98,000. SG Americas Securities LLC boosted its stake in shares of American States Water by 444.4% in the 1st quarter. SG Americas Securities LLC now owns 39,800 shares of the utilities provider’s stock valued at $3,538,000 after purchasing an additional 32,489 shares during the last quarter. First Trust Advisors LP raised its position in shares of American States Water by 1.8% in the 4th quarter. First Trust Advisors LP now owns 1,078,510 shares of the utilities provider’s stock worth $99,819,000 after acquiring an additional 18,677 shares in the last quarter. Finally, ETF Managers Group LLC lifted its stake in American States Water by 4.1% in the fourth quarter. ETF Managers Group LLC now owns 8,064 shares of the utilities provider’s stock valued at $746,000 after buying an additional 317 shares during the period. 73.82% of the stock is owned by institutional investors.

Insider Transactions at American States Water

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

American States Water Price Performance

AWR stock opened at $88.18 on Thursday. 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. The business has a 50-day simple moving average of $87.56 and a two-hundred day simple moving average of $89.46. The company has a market capitalization of $3.26 billion, a P/E ratio of 27.92, a price-to-earnings-growth ratio of 4.70 and a beta of 0.39.

American States Water (NYSE:AWR – Get Free Report) last released its quarterly earnings results on Wednesday, May 10th. The utilities provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $161.42 million for the quarter. American States Water had a net margin of 20.24% and a return on equity of 13.28%. Research analysts expect that American States Water will post 2.95 EPS for the current fiscal year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.43 per share. The ex-dividend date is Monday, August 14th. This is a positive change from American States Water’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.95%. American States Water’s dividend payout ratio (DPR) is currently 50.32%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $94.00 to $89.00 in a report on Wednesday, June 28th. UBS Group raised American States Water from a “sell” rating to a “neutral” rating in a research note on Wednesday, June 28th. Finally, StockNews.com initiated coverage on American States Water in a research note on Thursday, May 18th. They issued a “hold” rating for the company.

Check Out Our Latest Stock Analysis on American States Water

About American States Water

(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.