Kestra Private Wealth Services LLC Purchases 2,521 Shares of American States Water (NYSE:AWR)

Kestra Private Wealth Services LLC boosted its position in shares of American States Water (NYSE:AWR) by 80.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,673 shares of the utilities provider’s stock after acquiring an additional 2,521 shares during the period. Kestra Private Wealth Services LLC’s holdings in American States Water were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Column Capital Advisors LLC purchased a new stake in American States Water during the third quarter valued at $35,000. Anchor Investment Management LLC purchased a new position in American States Water in the fourth quarter worth about $48,000. Adirondack Trust Co. bought a new stake in American States Water during the third quarter worth approximately $79,000. Fifth Third Bancorp raised its position in American States Water by 370.5% during the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the utilities provider’s stock valued at $95,000 after purchasing an additional 930 shares during the period. Finally, AdvisorNet Financial Inc lifted its stake in shares of American States Water by 153.3% in the 4th quarter. AdvisorNet Financial Inc now owns 1,216 shares of the utilities provider’s stock valued at $98,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insider Buying and Selling at American States Water

In other American States Water news, Director Thomas A. Eichelberger bought 1,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the transaction, the director now owns 5,850 shares in the company, valued at $416,578.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company cut their target price on American States Water from $79.00 to $77.00 and set an “underweight” rating on the stock in a research report on Friday, February 23rd.

American States Water Stock Performance

Shares of NYSE:AWR opened at $74.04 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.13 and a debt-to-equity ratio of 1.12. American States Water has a 12 month low of $66.03 and a 12 month high of $92.85. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.88 and a beta of 0.43. The firm’s 50-day moving average is $70.80 and its 200 day moving average is $75.89.

American States Water (NYSE:AWR) last announced its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The business had revenue of $125.20 million during the quarter, compared to analyst estimates of $132.00 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts predict that American States Water will post 3.01 EPS for the current year.

American States Water Profile

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.