Investment Centers of America Inc. lessened its holdings in shares of American States Water Company (NYSE:AWR) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,362 shares of the utilities provider’s stock after selling 1,079 shares during the quarter. Investment Centers of America Inc.’s holdings in American States Water were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Amalgamated Bank boosted its stake in shares of American States Water by 3.1% during the 2nd quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 152 shares during the last quarter. Bruderman Asset Management LLC purchased a new position in shares of American States Water during the 2nd quarter worth $127,000. Ameriprise Financial Inc. boosted its stake in shares of American States Water by 10.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 257,923 shares of the utilities provider’s stock worth $12,229,000 after acquiring an additional 25,400 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of American States Water by 3.7% during the 2nd quarter. Teachers Advisors LLC now owns 65,224 shares of the utilities provider’s stock worth $3,092,000 after acquiring an additional 2,329 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of American States Water by 85.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 1,196 shares during the last quarter. Institutional investors and hedge funds own 65.47% of the company’s stock.

In related news, CEO Robert J. Sprowls sold 9,586 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total transaction of $488,981.86. Following the completion of the sale, the chief executive officer now directly owns 111,454 shares in the company, valued at $5,685,268.54. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $47.52, for a total transaction of $59,400.00. Following the sale, the insider now owns 13,197 shares of the company’s stock, valued at $627,121.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,605 shares of company stock valued at $1,567,120. 1.49% of the stock is owned by company insiders.

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Shares of American States Water Company (AWR) opened at 50.74 on Tuesday. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.75. The stock’s 50 day moving average is $49.80 and its 200 day moving average is $46.83. The company has a market capitalization of $1.86 billion, a P/E ratio of 27.38 and a beta of 0.45.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.255 per share. This is a boost from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 2.01%. The ex-dividend date was Friday, August 11th. American States Water’s dividend payout ratio (DPR) is presently 55.14%.

Several brokerages have recently commented on AWR. BidaskClub downgraded shares of American States Water from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, US Capital Advisors restated a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

American States Water 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).

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

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