Royal Bank of Canada lowered its holdings in shares of American States Water Co (NYSE:AWR) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,937 shares of the utilities provider’s stock after selling 7,145 shares during the quarter. Royal Bank of Canada owned 0.33% of American States Water worth $9,024,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AWR. BlackRock Inc. raised its holdings in shares of American States Water by 0.5% during the second quarter. BlackRock Inc. now owns 5,640,290 shares of the utilities provider’s stock valued at $424,376,000 after acquiring an additional 25,433 shares during the last quarter. Northern Trust Corp grew its position in American States Water by 0.4% in the second quarter. Northern Trust Corp now owns 673,153 shares of the utilities provider’s stock worth $50,648,000 after acquiring an additional 2,878 shares during the period. Copeland Capital Management LLC grew its position in American States Water by 19.6% in the second quarter. Copeland Capital Management LLC now owns 495,950 shares of the utilities provider’s stock worth $37,315,000 after acquiring an additional 81,449 shares during the period. Morgan Stanley grew its position in American States Water by 37.9% in the second quarter. Morgan Stanley now owns 398,737 shares of the utilities provider’s stock worth $30,000,000 after acquiring an additional 109,565 shares during the period. Finally, Granite Investment Partners LLC grew its position in American States Water by 1.7% in the second quarter. Granite Investment Partners LLC now owns 297,772 shares of the utilities provider’s stock worth $22,404,000 after acquiring an additional 4,946 shares during the period. Institutional investors own 72.41% of the company’s stock.

American States Water stock opened at $91.16 on Wednesday. American States Water Co has a 1-year low of $58.48 and a 1-year high of $94.39. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.15 and a quick ratio of 1.09. The stock has a market cap of $3.34 billion, a PE ratio of 53.00, a P/E/G ratio of 5.38 and a beta of -0.10. The stock’s fifty day moving average is $90.54 and its two-hundred day moving average is $78.24.

American States Water (NYSE:AWR) last posted its earnings results on Monday, August 5th. The utilities provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. American States Water had a return on equity of 13.04% and a net margin of 16.55%. The business had revenue of $124.65 million for the quarter, compared to analysts’ expectations of $119.71 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts expect that American States Water Co will post 2.11 earnings per share for the current fiscal year.

In related news, insider Patrick Ronald Scanlon sold 1,105 shares of American States Water stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $90.73, for a total transaction of $100,256.65. Following the completion of the transaction, the insider now directly owns 20,479 shares in the company, valued at approximately $1,858,059.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bryan K. Switzer sold 400 shares of American States Water stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $77.47, for a total value of $30,988.00. Following the transaction, the vice president now owns 11,179 shares of the company’s stock, valued at $866,037.13. The disclosure for this sale can be found here. Insiders sold a total of 7,055 shares of company stock worth $593,588 in the last ninety days. 1.24% of the stock is owned by corporate insiders.

AWR has been the subject of several research analyst reports. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a research report on Thursday, August 8th. ValuEngine cut American States Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

American States Water Company Profile

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.

Further Reading: SEC Filing

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

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