American States Water (NYSE:AWR) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC lessened its holdings in shares of American States Water (NYSE:AWR) by 6.8% during the fourth quarter, HoldingsChannel reports. The fund owned 3,645 shares of the utilities provider’s stock after selling 264 shares during the period. Ingalls & Snyder LLC’s holdings in American States Water were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in American States Water by 1.6% during the third quarter. Geode Capital Management LLC now owns 850,878 shares of the utilities provider’s stock worth $70,884,000 after purchasing an additional 13,024 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in American States Water by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 418,688 shares of the utilities provider’s stock worth $34,873,000 after purchasing an additional 13,276 shares in the last quarter. Principal Financial Group Inc. boosted its position in American States Water by 107.1% during the third quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider’s stock worth $31,815,000 after purchasing an additional 197,556 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in American States Water by 8,274.7% during the third quarter. Pathway Financial Advisers LLC now owns 309,363 shares of the utilities provider’s stock worth $25,767,000 after purchasing an additional 305,669 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in American States Water by 114.0% during the third quarter. Assenagon Asset Management S.A. now owns 271,325 shares of the utilities provider’s stock worth $22,599,000 after purchasing an additional 144,510 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AWR has been the topic of a number of research analyst reports. Wells Fargo & Company downgraded American States Water from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $84.00 to $77.00 in a research report on Tuesday, January 7th. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Bank of America downgraded American States Water from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $85.00 to $71.00 in a research report on Monday, February 3rd.

American States Water Stock Down 1.3 %

Shares of NYSE:AWR opened at $74.11 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. American States Water has a 52-week low of $66.03 and a 52-week high of $87.50. The stock’s fifty day simple moving average is $76.04 and its 200-day simple moving average is $80.76. The company has a market capitalization of $2.78 billion, a P/E ratio of 24.95, a P/E/G ratio of 12.59 and a beta of 0.53.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Tuesday, February 18th will be paid a $0.4655 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.86 annualized dividend and a yield of 2.51%. American States Water’s payout ratio is currently 62.63%.

American States Water Company 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.