American States Water (NYSE:AWR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of American States Water (NYSE:AWR – Get Rating) in a research note released on Thursday morning. The firm issued a hold rating on the utilities provider’s stock.

Other research analysts have also issued reports about the company. UBS Group started coverage on American States Water in a report on Wednesday, November 30th. They set a sell rating and a $92.00 price target for the company. Seaport Res Ptn downgraded shares of American States Water from a buy rating to a neutral rating in a report on Thursday, January 5th. Finally, Wells Fargo & Company raised their price target on shares of American States Water from $90.00 to $96.00 in a research report on Wednesday, December 14th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, American States Water has an average rating of Reduce and an average price target of $89.33.

American States Water Trading Down 1.7 %

American States Water stock opened at $86.74 on Thursday. American States Water has a 52 week low of $71.22 and a 52 week high of $100.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.34 and a current ratio of 0.38. The firm has a market capitalization of $3.21 billion, a PE ratio of 41.11 and a beta of 0.42. The business’s 50-day simple moving average is $92.22 and its 200-day simple moving average is $90.46.

American States Water Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were given a $0.3975 dividend. The ex-dividend date of this dividend was Friday, February 17th. This represents a $1.59 annualized dividend and a yield of 1.83%. American States Water’s dividend payout ratio (DPR) is currently 75.36%.

Institutional Investors Weigh In On American States Water

Several institutional investors and hedge funds have recently bought and sold shares of AWR. Rhumbline Advisers boosted its position in shares of American States Water by 5.0% during the 2nd quarter. Rhumbline Advisers now owns 113,757 shares of the utilities provider’s stock valued at $9,272,000 after acquiring an additional 5,411 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of American States Water in the 3rd quarter valued at approximately $39,000. Bessemer Group Inc. raised its holdings in shares of American States Water by 35.8% in the 3rd quarter. Bessemer Group Inc. now owns 55,935 shares of the utilities provider’s stock worth $4,361,000 after buying an additional 14,751 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of American States Water by 95.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 48,906 shares of the utilities provider’s stock worth $3,810,000 after buying an additional 23,886 shares during the period. Finally, Northern Trust Corp boosted its stake in American States Water by 3.7% in the 2nd quarter. Northern Trust Corp now owns 554,951 shares of the utilities provider’s stock valued at $45,234,000 after buying an additional 19,655 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

About American States Water

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