380 Shares in American States Water (NYSE:AWR) Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new stake in American States Water (NYSE:AWR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 380 shares of the utilities provider’s stock, valued at approximately $30,000.

Other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its position in shares of American States Water by 367.3% in the 4th quarter. Blue Trust Inc. now owns 500 shares of the utilities provider’s stock valued at $42,000 after buying an additional 393 shares in the last quarter. Assetmark Inc. acquired a new position in American States Water in the third quarter valued at about $50,000. Farther Finance Advisors LLC increased its holdings in shares of American States Water by 18,820.0% in the third quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after acquiring an additional 941 shares in the last quarter. KBC Group NV raised its position in shares of American States Water by 31.9% during the third quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock worth $103,000 after purchasing an additional 299 shares during the period. Finally, CWM LLC lifted its holdings in shares of American States Water by 33.3% during the 3rd quarter. CWM LLC now owns 1,393 shares of the utilities provider’s stock valued at $116,000 after purchasing an additional 348 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWR. StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Wells Fargo & Company downgraded shares of American States Water from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $84.00 to $77.00 in a research report on Tuesday, January 7th. Finally, Bank of America cut shares of American States Water from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $85.00 to $71.00 in a research report on Monday, February 3rd.

American States Water Stock Up 2.4 %

Shares of American States Water stock opened at $75.08 on Wednesday. The firm has a market cap of $2.81 billion, a PE ratio of 25.28, a P/E/G ratio of 12.59 and a beta of 0.53. The business’s 50 day simple moving average is $76.52 and its 200 day simple moving average is $80.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. American States Water has a 52-week low of $66.03 and a 52-week high of $87.50.

American States Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be given a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date is Tuesday, February 18th. American States Water’s dividend payout ratio is presently 62.63%.

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.