Connor Clark & Lunn Investment Management Ltd. Has $1.42 Million Stock Holdings in American States Water Company $AWR

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of American States Water Company (NYSE:AWR) by 204.9% in the second quarter, Holdings Channel.com reports. The firm owned 18,573 shares of the utilities provider’s stock after purchasing an additional 12,481 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in American States Water were worth $1,424,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AWR. Strs Ohio acquired a new position in shares of American States Water in the first quarter valued at approximately $87,000. GAMMA Investing LLC raised its holdings in shares of American States Water by 145.9% during the second quarter. GAMMA Investing LLC now owns 2,115 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 1,255 shares during the period. Smartleaf Asset Management LLC lifted its position in American States Water by 62.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 2,413 shares of the utilities provider’s stock valued at $187,000 after acquiring an additional 925 shares in the last quarter. Mackenzie Financial Corp acquired a new position in American States Water in the 1st quarter worth $200,000. Finally, Jump Financial LLC acquired a new position in American States Water in the 1st quarter worth $202,000. Institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American States Water

In related news, Director Anne M. Holloway sold 528 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $75.90, for a total transaction of $40,075.20. Following the transaction, the director directly owned 39,145 shares in the company, valued at approximately $2,971,105.50. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American States Water presently has a consensus rating of “Reduce” and a consensus target price of $77.50.

American States Water Price Performance

Shares of NYSE AWR opened at $73.69 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46. The business has a 50-day moving average of $73.49 and a 200-day moving average of $75.48. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 3.92 and a beta of 0.64. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $86.97.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The firm had revenue of $182.72 million during the quarter, compared to analysts’ expectations of $178.79 million. American States Water had a return on equity of 13.14% and a net margin of 20.26%.The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, sell-side analysts predict that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be issued a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 14th. American States Water’s dividend payout ratio is presently 59.47%.

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.