380 Shares in American States Water (NYSE:AWR) Purchased by Golden State Wealth Management LLC

Golden State Wealth Management LLC purchased a new stake in shares of American States Water (NYSE:AWR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 380 shares of the utilities provider’s stock, valued at approximately $30,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its stake in shares of American States Water by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,925 shares of the utilities provider’s stock worth $383,000 after purchasing an additional 150 shares in the last quarter. Inspire Investing LLC raised its position in American States Water by 4.1% during the fourth quarter. Inspire Investing LLC now owns 5,257 shares of the utilities provider’s stock worth $409,000 after acquiring an additional 206 shares in the last quarter. GAMMA Investing LLC lifted its stake in American States Water by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 1,720 shares of the utilities provider’s stock valued at $134,000 after acquiring an additional 216 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of American States Water by 3.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider’s stock valued at $735,000 after acquiring an additional 269 shares during the period. Finally, Glenmede Trust Co. NA increased its stake in shares of American States Water by 9.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,428 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 288 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company downgraded shares of American States Water from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $84.00 to $77.00 in a research note on Tuesday, January 7th. Bank of America cut American States Water from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $85.00 to $71.00 in a research report on Monday, February 3rd. Finally, StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

American States Water Stock Performance

Shares of AWR stock opened at $75.08 on Wednesday. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 25.28, a PEG ratio of 12.59 and a beta of 0.53. The company has a 50-day simple moving average of $76.52 and a 200 day simple moving average of $80.90. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Tuesday, February 18th. American States Water’s dividend payout ratio is presently 62.63%.

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.