BNP Paribas Arbitrage SA boosted its stake in American States Water Company (NYSE:AWR) by 59.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,514 shares of the utilities provider’s stock after acquiring an additional 5,023 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in American States Water were worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWR. Teachers Advisors LLC boosted its holdings in American States Water by 2.7% in the 4th quarter. Teachers Advisors LLC now owns 60,650 shares of the utilities provider’s stock worth $2,763,000 after acquiring an additional 1,573 shares during the period. Great West Life Assurance Co. Can boosted its holdings in American States Water by 7.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 51,320 shares of the utilities provider’s stock worth $2,273,000 after acquiring an additional 3,364 shares during the period. Bank of New York Mellon Corp boosted its holdings in American States Water by 3.6% in the 1st quarter. Bank of New York Mellon Corp now owns 954,997 shares of the utilities provider’s stock worth $42,306,000 after acquiring an additional 33,107 shares during the period. Comerica Bank boosted its holdings in American States Water by 4.0% in the 1st quarter. Comerica Bank now owns 40,803 shares of the utilities provider’s stock worth $1,863,000 after acquiring an additional 1,578 shares during the period. Finally, Swiss National Bank boosted its holdings in American States Water by 1.7% in the 1st quarter. Swiss National Bank now owns 60,200 shares of the utilities provider’s stock worth $2,667,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 65.48% of the company’s stock.

American States Water Company (NYSE:AWR) opened at 51.53 on Tuesday. The firm has a 50-day moving average price of $49.60 and a 200-day moving average price of $46.59. American States Water Company has a 12-month low of $37.47 and a 12-month high of $51.75. The stock has a market cap of $1.89 billion, a PE ratio of 27.81 and a beta of 0.45.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from American States Water’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, August 11th. American States Water’s dividend payout ratio (DPR) is presently 55.14%.

In related news, CEO Robert J. Sprowls sold 5,614 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $286,314.00. Following the transaction, the chief executive officer now directly owns 111,346 shares of the company’s stock, valued at approximately $5,678,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert J. Sprowls sold 9,586 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total value of $488,981.86. Following the completion of the transaction, the chief executive officer now directly owns 111,454 shares in the company, valued at $5,685,268.54. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock worth $1,567,120 over the last three months. 1.49% of the stock is owned by company insiders.

A number of research firms have weighed in on AWR. BidaskClub upgraded American States Water from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, US Capital Advisors restated a “hold” rating on shares of American States Water in a report on Monday, July 17th.

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American States Water Company Profile

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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