American States Water (NYSE:AWR) Shares Sold by Comerica Bank

Comerica Bank reduced its position in American States Water (NYSE:AWRGet Rating) by 9.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,580 shares of the utilities provider’s stock after selling 3,145 shares during the period. Comerica Bank owned about 0.08% of American States Water worth $2,348,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AWR. Royce & Associates LP raised its position in shares of American States Water by 61.8% in the second quarter. Royce & Associates LP now owns 6,042 shares of the utilities provider’s stock valued at $492,000 after purchasing an additional 2,308 shares during the period. Rhumbline Advisers grew its holdings in shares of American States Water by 5.0% in the 2nd quarter. Rhumbline Advisers now owns 113,757 shares of the utilities provider’s stock worth $9,272,000 after purchasing an additional 5,411 shares during the last quarter. Pendal Group Ltd lifted its position in American States Water by 28.9% during the 2nd quarter. Pendal Group Ltd now owns 31,488 shares of the utilities provider’s stock worth $2,567,000 after buying an additional 7,054 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new position in American States Water during the 3rd quarter worth about $39,000. Finally, Farmers & Merchants Investments Inc. lifted its position in American States Water by 33.3% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 800 shares of the utilities provider’s stock worth $65,000 after buying an additional 200 shares in the last quarter. 74.09% of the stock is owned by hedge funds and other institutional investors.

American States Water Price Performance

American States Water stock opened at $94.24 on Thursday. American States Water has a one year low of $71.22 and a one year high of $100.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.37 and a quick ratio of 0.34. The stock’s 50 day moving average is $95.60 and its 200 day moving average is $88.68. The firm has a market cap of $3.48 billion, a P/E ratio of 43.63 and a beta of 0.40.

American States Water (NYSE:AWRGet Rating) last issued its earnings results on Monday, November 7th. The utilities provider reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). American States Water had a return on equity of 12.47% and a net margin of 16.59%. The firm had revenue of $134.98 million for the quarter, compared to analyst estimates of $143.00 million. As a group, research analysts expect that American States Water will post 2.5 EPS for the current year.

American States Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th were issued a $0.3975 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.59 annualized dividend and a dividend yield of 1.69%. American States Water’s payout ratio is currently 73.61%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AWR. UBS Group began coverage on shares of American States Water in a research report on Wednesday, November 30th. They set a “sell” rating and a $92.00 target price on the stock. StockNews.com started coverage on shares of American States Water in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Wells Fargo & Company raised their target price on shares of American States Water from $90.00 to $96.00 in a research note on Wednesday, December 14th. Finally, Seaport Res Ptn downgraded American States Water from a “buy” rating to a “neutral” rating in a report on Thursday, January 5th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $89.33.

American States Water Company Profile

(Get Rating)

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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

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

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