Cozad Asset Management Inc. Takes Position in American States Water Co (AWR)
Cozad Asset Management Inc. bought a new stake in American States Water Co (NYSE:AWR) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 36,395 shares of the utilities provider’s stock, valued at approximately $2,080,000. Cozad Asset Management Inc. owned approximately 0.10% of American States Water as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Comerica Bank boosted its stake in shares of American States Water by 2.4% in the 2nd quarter. Comerica Bank now owns 39,982 shares of the utilities provider’s stock valued at $2,409,000 after purchasing an additional 928 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of American States Water by 5.0% in the 1st quarter. Victory Capital Management Inc. now owns 20,373 shares of the utilities provider’s stock valued at $1,081,000 after purchasing an additional 979 shares in the last quarter. First Midwest Bank Trust Division lifted its position in American States Water by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 8,883 shares of the utilities provider’s stock worth $508,000 after buying an additional 1,036 shares in the last quarter. Granite Investment Partners LLC lifted its position in American States Water by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 222,348 shares of the utilities provider’s stock worth $12,709,000 after buying an additional 1,109 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in American States Water by 22.9% during the 1st quarter. Profund Advisors LLC now owns 6,996 shares of the utilities provider’s stock worth $371,000 after buying an additional 1,302 shares in the last quarter. Institutional investors own 73.65% of the company’s stock.
AWR has been the topic of several research reports. Zacks Investment Research upgraded shares of American States Water from a “sell” rating to a “hold” rating in a research report on Tuesday, July 3rd. Wells Fargo & Co reduced their price target on shares of American States Water from $54.00 to $52.00 and set an “underperform” rating on the stock in a research report on Friday, August 24th.
Shares of NYSE AWR opened at $60.84 on Friday. The stock has a market cap of $2.21 billion, a P/E ratio of 36.28, a P/E/G ratio of 5.85 and a beta of 0.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.05 and a current ratio of 1.09. American States Water Co has a 12-month low of $47.53 and a 12-month high of $61.66.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, August 6th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.03). The company had revenue of $106.90 million for the quarter, compared to analyst estimates of $114.80 million. American States Water had a return on equity of 11.55% and a net margin of 14.18%. The firm’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.62 EPS. sell-side analysts forecast that American States Water Co will post 1.72 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Wednesday, August 15th were given a dividend of $0.275 per share. This is an increase from American States Water’s previous quarterly dividend of $0.26. The ex-dividend date was Tuesday, August 14th. This represents a $1.10 annualized dividend and a yield of 1.81%. American States Water’s dividend payout ratio is 64.33%.
About American States Water
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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