Ingalls & Snyder LLC Decreases Stock Position in American States Water (NYSE:AWR)

Ingalls & Snyder LLC decreased its position in shares of American States Water (NYSE:AWR) by 5.7% in the third quarter, HoldingsChannel reports. The firm owned 3,909 shares of the utilities provider’s stock after selling 236 shares during the quarter. Ingalls & Snyder LLC’s holdings in American States Water were worth $326,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in American States Water by 18.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 126,815 shares of the utilities provider’s stock worth $9,203,000 after acquiring an additional 19,391 shares during the last quarter. Cetera Advisors LLC bought a new stake in shares of American States Water in the 1st quarter worth about $533,000. Janus Henderson Group PLC raised its position in shares of American States Water by 63.2% during the 1st quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock valued at $1,966,000 after buying an additional 10,538 shares in the last quarter. Intech Investment Management LLC raised its position in shares of American States Water by 16.1% during the 3rd quarter. Intech Investment Management LLC now owns 7,506 shares of the utilities provider’s stock valued at $625,000 after buying an additional 1,041 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of American States Water by 0.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider’s stock valued at $61,389,000 after acquiring an additional 6,372 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

American States Water Stock Down 2.0 %

NYSE AWR opened at $84.07 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 4.51 and a beta of 0.51. The company has a fifty day moving average of $84.17 and a two-hundred day moving average of $80.02.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). The firm had revenue of $161.78 million during the quarter, compared to the consensus estimate of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. American States Water’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, analysts predict that American States Water will post 3.02 earnings per share for the current year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.4655 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.21%. American States Water’s payout ratio is 62.63%.

American States Water 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.