American States Water (NYSE:AWR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of American States Water (NYSE:AWR – Get Rating) in a report issued on Thursday. The firm issued a hold rating on the utilities provider’s stock.

Several other analysts also recently issued reports on the company. UBS Group started coverage on American States Water in a report on Wednesday, November 30th. They set a sell rating and a $92.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of American States Water from $90.00 to $96.00 in a research report on Wednesday, December 14th. Finally, Seaport Res Ptn cut shares of American States Water from a buy rating to a neutral rating in a research report on Thursday, January 5th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Reduce and a consensus target price of $89.33.

American States Water Stock Performance

AWR opened at $86.74 on Thursday. The business has a fifty day simple moving average of $92.22 and a 200-day simple moving average of $90.46. The firm has a market cap of $3.21 billion, a PE ratio of 41.11 and a beta of 0.42. The company has a quick ratio of 0.34, a current ratio of 0.38 and a debt-to-equity ratio of 0.66. American States Water has a fifty-two week low of $71.22 and a fifty-two week high of $100.50.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a dividend of $0.3975 per share. This represents a $1.59 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, February 17th. American States Water’s dividend payout ratio is currently 75.36%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AWR. Vanguard Group Inc. increased its stake in shares of American States Water by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,608,581 shares of the utilities provider’s stock worth $359,239,000 after acquiring an additional 51,731 shares during the last quarter. State Street Corp lifted its holdings in shares of American States Water by 16.5% during the 2nd quarter. State Street Corp now owns 3,572,789 shares of the utilities provider’s stock valued at $291,218,000 after buying an additional 507,209 shares during the last quarter. Pictet Asset Management SA increased its holdings in American States Water by 2.4% in the third quarter. Pictet Asset Management SA now owns 1,083,354 shares of the utilities provider’s stock worth $84,447,000 after buying an additional 25,000 shares during the last quarter. First Trust Advisors LP raised its position in American States Water by 1.8% during the fourth quarter. First Trust Advisors LP now owns 1,078,510 shares of the utilities provider’s stock valued at $99,819,000 after acquiring an additional 18,677 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in American States Water by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 755,590 shares of the utilities provider’s stock valued at $67,263,000 after acquiring an additional 14,717 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

About American States Water

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