Bessemer Group Inc. lowered its stake in shares of American States Water Company (NYSE:AWR) by 1.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 25,900 shares of the utilities provider’s stock after selling 300 shares during the period. Bessemer Group Inc. owned approximately 0.07% of American States Water worth $1,228,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AWR. BlackRock Inc. boosted its stake in shares of American States Water by 9,491.3% in the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after buying an additional 4,542,365 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of American States Water by 6,094.1% in the first quarter. OppenheimerFunds Inc. now owns 381,061 shares of the utilities provider’s stock valued at $16,880,000 after buying an additional 374,909 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of American States Water by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after buying an additional 201,727 shares in the last quarter. Norges Bank bought a new stake in shares of American States Water during the fourth quarter valued at $8,671,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of American States Water by 146.5% in the first quarter. Parametric Portfolio Associates LLC now owns 204,526 shares of the utilities provider’s stock valued at $9,061,000 after buying an additional 121,560 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

American States Water Company (NYSE AWR) opened at 49.71 on Monday. The company has a market capitalization of $1.82 billion, a PE ratio of 26.83 and a beta of 0.47. American States Water Company has a 52-week low of $37.47 and a 52-week high of $51.75. The company has a 50 day moving average of $48.63 and a 200 day moving average of $45.81.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, equities research analysts forecast that American States Water Company will post $1.70 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio (DPR) is 52.43%.

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Several equities research analysts have recently weighed in on AWR shares. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BidaskClub cut American States Water from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

In related news, VP Gladys Farrow sold 1,210 shares of American States Water stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.30, for a total transaction of $54,813.00. Following the sale, the vice president now owns 2,357 shares of the company’s stock, valued at approximately $106,772.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $45.62, for a total value of $57,025.00. Following the sale, the insider now directly owns 15,697 shares in the company, valued at approximately $716,097.14. The disclosure for this sale can be found here. Insiders have sold a total of 57,696 shares of company stock worth $2,755,161 in the last three months. 1.43% of the stock is owned by corporate insiders.

About American States Water

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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