Inspire Investing LLC Has $409,000 Stock Holdings in American States Water (NYSE:AWR)

Inspire Investing LLC boosted its holdings in shares of American States Water (NYSE:AWR) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,257 shares of the utilities provider’s stock after buying an additional 206 shares during the period. Inspire Investing LLC’s holdings in American States Water were worth $409,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of American States Water in the 3rd quarter valued at about $50,000. Farther Finance Advisors LLC grew its position in American States Water by 18,820.0% during the third quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 941 shares in the last quarter. Quarry LP acquired a new position in American States Water in the 2nd quarter valued at approximately $80,000. KBC Group NV lifted its position in American States Water by 31.9% in the 3rd quarter. KBC Group NV now owns 1,236 shares of the utilities provider’s stock worth $103,000 after buying an additional 299 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of American States Water by 33.3% during the 3rd quarter. CWM LLC now owns 1,393 shares of the utilities provider’s stock valued at $116,000 after buying an additional 348 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Down 0.9 %

AWR stock opened at $71.51 on Friday. The firm has a market cap of $2.68 billion, a PE ratio of 24.08, a PEG ratio of 11.67 and a beta of 0.53. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The company has a fifty day simple moving average of $79.23 and a 200 day simple moving average of $81.33. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). American States Water had a return on equity of 13.53% and a net margin of 19.26%. The company had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. During the same quarter last year, the company posted $0.85 EPS. The business’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts anticipate that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, November 15th. American States Water’s payout ratio is 62.63%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AWR shares. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Bank of America initiated coverage on American States Water in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, Wells Fargo & Company lowered American States Water from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $84.00 to $77.00 in a report on Tuesday, January 7th.

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.