Aigen Investment Management LP Sells 2,858 Shares of American States Water (NYSE:AWR)

Aigen Investment Management LP lessened its holdings in shares of American States Water (NYSE:AWR) by 33.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,747 shares of the utilities provider’s stock after selling 2,858 shares during the quarter. Aigen Investment Management LP’s holdings in American States Water were worth $479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. ORG Partners LLC bought a new position in American States Water in the 2nd quarter worth $42,000. Assetmark Inc. purchased a new position in shares of American States Water during the third quarter valued at about $50,000. Farther Finance Advisors LLC lifted its holdings in 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 buying an additional 941 shares during the period. CWM LLC lifted its holdings in American States Water by 31.4% in the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after buying an additional 250 shares during the period. Finally, Quarry LP purchased a new position in shares of American States Water during the 2nd quarter worth approximately $80,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Transactions at American States Water

In other American States Water news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total transaction of $40,445.00. Following the completion of the sale, the director now directly owns 38,519 shares in the company, valued at approximately $3,115,801.91. This trade represents a 1.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.82% of the stock is owned by insiders.

American States Water Price Performance

Shares of AWR opened at $83.67 on Friday. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $87.50. The firm’s 50-day simple moving average is $83.70 and its two-hundred day simple moving average is $79.13. The stock has a market cap of $3.13 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 4.51 and a beta of 0.49. 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 (NYSE:AWR) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $161.78 million during the quarter, compared to analysts’ expectations of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 EPS. Analysts anticipate that American States Water will post 3.02 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.4655 per share. The ex-dividend date is Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.23%. American States Water’s payout ratio is presently 62.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AWR shares. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $80.00 to $87.00 in a research note on Wednesday, July 31st. StockNews.com raised American States Water from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

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.