Suntrust Banks Inc. increased its position in American States Water Company (NYSE:AWR) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,435 shares of the utilities provider’s stock after acquiring an additional 981 shares during the period. Suntrust Banks Inc.’s holdings in American States Water were worth $399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC increased its holdings in shares of American States Water by 85.4% in 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 period. Bruderman Asset Management LLC acquired a new stake in shares of American States Water in the 2nd quarter worth about $127,000. Ameritas Investment Partners Inc. bought a new position in American States Water in the 1st quarter valued at about $140,000. IndexIQ Advisors LLC bought a new position in American States Water in the 2nd quarter valued at about $166,000. Finally, Honkamp Krueger Financial Services Inc. bought a new position in American States Water in the 2nd quarter valued at about $208,000. 65.48% of the stock is currently owned by institutional investors and hedge funds.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $119.23 million. During the same period in the previous year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year.

In related news, CEO Robert J. Sprowls sold 5,614 shares of American States Water stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $286,314.00. Following the completion of the transaction, the chief executive officer now directly owns 111,346 shares of the company’s stock, valued at $5,678,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total value of $31,032.00. The disclosure for this sale can be found here. Insiders sold 32,605 shares of company stock valued at $1,572,067 over the last ninety days. 1.49% of the stock is currently owned by company insiders.

A number of brokerages recently issued reports on AWR. BidaskClub lowered shares of American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wells Fargo & Company increased their target price on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, October 3rd. Zacks Investment Research lowered 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 reiterated a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $44.50.

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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).

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

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