Riverhead Capital Management LLC lifted its position in shares of American States Water Company (NYSE:AWR) by 85.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,596 shares of the utilities provider’s stock after purchasing an additional 1,196 shares during the period. Riverhead Capital Management LLC’s holdings in American States Water were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AWR. Ameritas Investment Partners Inc. purchased a new stake in shares of American States Water during the first quarter worth about $140,000. IndexIQ Advisors LLC purchased a new stake in shares of American States Water during the second quarter worth about $166,000. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of American States Water during the second quarter worth about $208,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of American States Water during the second quarter worth about $213,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of American States Water by 9.3% during the first quarter. Envestnet Asset Management Inc. now owns 5,280 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 450 shares during the period. Institutional investors own 65.47% of the company’s stock.

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In other American States Water news, CEO Robert J. Sprowls sold 9,586 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 111,454 shares of the company’s stock, valued at approximately $5,685,268.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denise L. Kruger sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.43, for a total transaction of $61,787.50. Following the completion of the sale, the insider now directly owns 11,947 shares of the company’s stock, valued at $590,540.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,005 shares of company stock valued at $1,541,035. 1.49% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday. BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. American States Water currently has an average rating of “Hold” and a consensus price target of $44.50.

Shares of American States Water Company (NYSE:AWR) opened at 51.94 on Friday. American States Water Company has a one year low of $37.47 and a one year high of $52.22. The firm has a 50-day moving average of $49.98 and a 200 day moving average of $47.49. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 28.03 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, beating the consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. On average, equities research analysts predict that American States Water Company will post $1.70 EPS for the current year.

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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