11,848 Shares of American States Water Company $AWR Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in American States Water Company (NYSE:AWR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,848 shares of the utilities provider’s stock, valued at approximately $975,000.

A number of other institutional investors have also recently added to or reduced their stakes in AWR. Parcion Private Wealth LLC grew its position in American States Water by 10.0% during the third quarter. Parcion Private Wealth LLC now owns 3,593 shares of the utilities provider’s stock worth $296,000 after buying an additional 326 shares during the period. Soltis Investment Advisors LLC acquired a new stake in shares of American States Water during the 3rd quarter valued at approximately $349,000. Choreo LLC boosted its stake in shares of American States Water by 23.2% during the 3rd quarter. Choreo LLC now owns 5,261 shares of the utilities provider’s stock worth $433,000 after acquiring an additional 991 shares in the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of American States Water by 2.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,900 shares of the utilities provider’s stock worth $815,000 after acquiring an additional 255 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of American States Water by 22.7% during the 3rd quarter. Signaturefd LLC now owns 707 shares of the utilities provider’s stock worth $58,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American States Water Trading Up 0.0%

Shares of AWR stock opened at $89.98 on Monday. The stock has a market cap of $3.57 billion, a P/E ratio of 24.65, a P/E/G ratio of 3.40 and a beta of 0.54. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 0.73. American States Water Company has a fifty-two week low of $69.50 and a fifty-two week high of $91.93. The business has a fifty day simple moving average of $85.09 and a 200-day simple moving average of $80.40.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, November 4th. The utilities provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). The business had revenue of $192.53 million during the quarter, compared to analysts’ expectations of $195.98 million. American States Water had a return on equity of 13.19% and a net margin of 20.39%. American States Water’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, analysts forecast that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Monday, November 16th will be given a dividend of $0.5455 per share. The ex-dividend date is Monday, November 16th. This represents a $2.18 dividend on an annualized basis and a yield of 2.4%. American States Water’s payout ratio is presently 59.73%.

More American States Water News

Here are the key news stories impacting American States Water this week:

• Positive Sentiment: Freedom Broker raised its rating on AWR from “hold” to “buy” and increased its price target to $99 from $89, implying about 10% upside from the cited share price. Tickerreport article
• Positive Sentiment: Third-quarter revenue rose 5.4% year over year, and the earnings coverage highlighted rate increases, investment in the business and dividend growth as notable factors. Zacks article
• Negative Sentiment: Q3 EPS of $1.06 missed the $1.09 consensus estimate, while revenue of $192.54 million was below analyst expectations of $195.98 million. Higher costs offset revenue growth, weighing on the earnings report. Zacks article

Insider Transactions at American States Water

In other American States Water news, Director Anne Holloway sold 900 shares of American States Water stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total transaction of $79,974.00. Following the completion of the transaction, the director owned 38,518 shares in the company, valued at approximately $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AWR shares. Freedom Broker upgraded American States Water from a “hold” rating to a “buy” rating and upped their price target for the stock from $89.00 to $99.00 in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American States Water in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $99.00.

American States Water Company Profile

American States Water Company is a holding company whose subsidiaries provide water, electric and wastewater services. Its regulated utility subsidiary, Golden State Water Company, delivers water to customers in communities across California and provides electric service in the Big Bear area through Bear Valley Electric Service.

Through American States Utility Services, the company also operates and maintains water and wastewater systems at U.S. military installations under long-term contracts.