Kelly Lawrence W & Associates Inc. CA Continues to Hold Stake in American States Water Company (AWR)

Kelly Lawrence W & Associates Inc. CA held its stake in shares of American States Water Company (NYSE:AWR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,780 shares of the utilities provider’s stock at the end of the second quarter. Kelly Lawrence W & Associates Inc. CA’s holdings in American States Water were worth $132,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Pictet Asset Management Ltd. boosted its stake in shares of American States Water by 3.4% in the second quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock valued at $79,528,000 after buying an additional 57,074 shares in the last quarter. IFP Advisors Inc raised its position in American States Water by 1.9% in the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after buying an additional 101 shares during the last quarter. Texas Permanent School Fund raised its position in American States Water by 0.9% in the second quarter. Texas Permanent School Fund now owns 26,734 shares of the utilities provider’s stock valued at $1,267,000 after buying an additional 245 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in American States Water during the second quarter valued at about $208,000. Finally, Great West Life Assurance Co. Can raised its position in American States Water by 3.0% in the second quarter. Great West Life Assurance Co. Can now owns 52,858 shares of the utilities provider’s stock valued at $2,505,000 after buying an additional 1,538 shares during the last quarter. 66.35% of the stock is currently owned by institutional investors.

American States Water Company (NYSE:AWR) traded up 0.91% on Friday, hitting $48.88. 194,935 shares of the stock were exchanged. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 26.38 and a beta of 0.47. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.75. The company has a 50-day moving average of $48.87 and a 200-day moving average of $46.01.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that American States Water Company will post $1.70 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.09%. This is a positive change from American States Water’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, August 11th. American States Water’s payout ratio is 55.14%.

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Several equities analysts have recently weighed in on the stock. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd.

In related news, insider Denise L. Kruger sold 1,250 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $45.62, for a total transaction of $57,025.00. Following the completion of the sale, the insider now directly owns 15,697 shares in the company, valued at $716,097.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Gladys Farrow sold 1,210 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $45.30, for a total transaction of $54,813.00. Following the sale, the vice president now owns 2,357 shares of the company’s stock, valued at $106,772.10. The disclosure for this sale can be found here. Insiders have sold 60,069 shares of company stock valued at $2,876,149 over the last 90 days. 1.43% of the stock is currently owned by company insiders.

American States Water Company 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).

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

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