Dean Investment Associates LLC bought a new position in shares of American States Water Co (NYSE:AWR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 68,630 shares of the utilities provider’s stock, valued at approximately $3,974,000.

A number of other hedge funds have also made changes to their positions in AWR. Amalgamated Bank lifted its position in 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 period. Raymond James Financial Services Advisors Inc. lifted its position in American States Water by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock worth $2,165,000 after acquiring an additional 239 shares during the period. Advisor Group Inc. lifted its position in American States Water by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 609 shares during the period. Suntrust Banks Inc. lifted its position in American States Water by 13.2% during the 2nd quarter. Suntrust Banks Inc. now owns 8,435 shares of the utilities provider’s stock worth $399,000 after acquiring an additional 981 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in American States Water by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 65.44% of the company’s stock.

AWR has been the subject of a number of research reports. Zacks Investment Research raised American States Water from a “hold” rating to a “buy” rating and set a $63.00 price target for the company in a research report on Wednesday, January 3rd. Wells Fargo & Co cut American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target for the company. in a research report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. American States Water has an average rating of “Hold” and an average price target of $50.67.

Shares of American States Water Co (NYSE:AWR) opened at $53.40 on Wednesday. American States Water Co has a 52-week low of $41.14 and a 52-week high of $60.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market capitalization of $1,973.71, a PE ratio of 29.40, a price-to-earnings-growth ratio of 7.54 and a beta of 0.39.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.255 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.02 dividend on an annualized basis and a yield of 1.91%. American States Water’s dividend payout ratio is currently 55.74%.

In other American States Water news, Director Diana M. Bonta sold 1,675 shares of American States Water stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $57.42, for a total transaction of $96,178.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Holloway sold 1,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $55.00, for a total value of $55,000.00. Following the completion of the transaction, the director now directly owns 38,399 shares of the company’s stock, valued at approximately $2,111,945. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,775 shares of company stock valued at $212,548. 1.49% of the stock is currently owned by insiders.

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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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