Entropy Technologies LP Trims Stock Position in American States Water (NYSE:AWR)

Entropy Technologies LP decreased its position in shares of American States Water (NYSE:AWR) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,540 shares of the utilities provider’s stock after selling 400 shares during the quarter. Entropy Technologies LP’s holdings in American States Water were worth $378,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC purchased a new position in American States Water during the 2nd quarter worth approximately $42,000. Assetmark Inc. acquired a new stake in shares of American States Water in the third quarter valued at approximately $50,000. CWM LLC grew its position in shares of American States Water by 31.4% during the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 250 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of American States Water by 18,820.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 941 shares during the period. Finally, Quarry LP acquired a new position in shares of American States Water in the 2nd quarter valued at $80,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Trading Up 2.2 %

NYSE:AWR opened at $85.04 on Friday. American States Water has a 12-month low of $66.03 and a 12-month high of $87.50. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86. The stock’s 50 day simple moving average is $83.78 and its 200-day simple moving average is $79.23. The firm has a market cap of $3.19 billion, a P/E ratio of 28.63, a PEG ratio of 4.49 and a beta of 0.49.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The firm had revenue of $161.78 million for the quarter, compared to analysts’ expectations of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Equities analysts anticipate that American States Water will post 3.02 EPS for the current year.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.4655 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a yield of 2.19%. American States Water’s payout ratio is currently 62.63%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Saturday. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $80.00 to $87.00 in a report on Wednesday, July 31st.

Insider Buying and Selling at American States Water

In other American States Water news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares of the company’s stock, valued at approximately $3,115,801.91. This trade represents a 1.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by corporate insiders.

About American States Water

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.