Bank of New York Mellon Corp decreased its holdings in shares of American States Water (NYSE:AWR – Free Report) by 3.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 442,753 shares of the utilities provider’s stock after selling 14,715 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.20% of American States Water worth $39,356,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in AWR. Raymond James & Associates lifted its stake in American States Water by 2.9% in the first quarter. Raymond James & Associates now owns 45,725 shares of the utilities provider’s stock valued at $4,070,000 after acquiring an additional 1,268 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in American States Water by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,634 shares of the utilities provider’s stock valued at $324,000 after acquiring an additional 141 shares during the last quarter. Citigroup Inc. lifted its stake in American States Water by 28.3% in the first quarter. Citigroup Inc. now owns 36,658 shares of the utilities provider’s stock valued at $3,264,000 after acquiring an additional 8,078 shares during the last quarter. Bank of Montreal Can lifted its stake in American States Water by 2.1% in the first quarter. Bank of Montreal Can now owns 25,620 shares of the utilities provider’s stock valued at $2,297,000 after acquiring an additional 536 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in American States Water by 54.1% in the first quarter. MetLife Investment Management LLC now owns 19,491 shares of the utilities provider’s stock valued at $1,735,000 after acquiring an additional 6,846 shares during the last quarter. Institutional investors and hedge funds own 73.82% of the company’s stock.
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 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 legal filing with the SEC, which is available through this hyperlink. 0.82% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Read Our Latest Stock Analysis on AWR
American States Water Stock Performance
NYSE AWR opened at $86.08 on Thursday. The firm has a 50-day moving average of $87.04 and a 200-day moving average of $88.84. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.20. The stock has a market cap of $3.18 billion, a PE ratio of 27.24, a P/E/G ratio of 4.56 and a beta of 0.39. American States Water has a 52-week low of $77.91 and a 52-week high of $100.50.
American States Water Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Monday, August 14th. This is a boost from American States Water’s previous quarterly dividend of $0.40. American States Water’s dividend payout ratio (DPR) is currently 54.43%.
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.
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