Hoertkorn Richard Charles Has $63,000 Holdings in American States Water (NYSE:AWR)

Hoertkorn Richard Charles trimmed its stake in shares of American States Water (NYSE:AWR) by 19.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 805 shares of the utilities provider’s stock after selling 195 shares during the quarter. Hoertkorn Richard Charles’ holdings in American States Water were worth $63,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AWR. Janney Montgomery Scott LLC increased its holdings in shares of American States Water by 3.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,925 shares of the utilities provider’s stock worth $383,000 after buying an additional 150 shares in the last quarter. Arizona State Retirement System raised its position in American States Water by 1.4% in the fourth quarter. Arizona State Retirement System now owns 10,871 shares of the utilities provider’s stock valued at $845,000 after purchasing an additional 151 shares during the last quarter. Allworth Financial LP boosted its stake in shares of American States Water by 15.0% during the fourth quarter. Allworth Financial LP now owns 1,262 shares of the utilities provider’s stock valued at $91,000 after purchasing an additional 165 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of American States Water by 1.1% during the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the utilities provider’s stock worth $1,422,000 after purchasing an additional 200 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of American States Water by 4.1% in the fourth quarter. Inspire Investing LLC now owns 5,257 shares of the utilities provider’s stock valued at $409,000 after buying an additional 206 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insider Activity

In other American States Water news, Director Diana M. Bonta sold 969 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $77.00, for a total value of $74,613.00. Following the completion of the sale, the director now directly owns 15,931 shares in the company, valued at approximately $1,226,687. This trade represents a 5.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.82% of the stock is currently owned by company insiders.

American States Water Trading Up 0.6 %

NYSE:AWR opened at $76.07 on Friday. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The firm’s fifty day moving average is $75.52 and its 200-day moving average is $79.77. The firm has a market cap of $2.85 billion, a P/E ratio of 24.00, a P/E/G ratio of 12.92 and a beta of 0.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.82.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. American States Water had a return on equity of 13.63% and a net margin of 20.03%. The firm had revenue of $143.10 million during the quarter, compared to analyst estimates of $160.17 million. Equities analysts expect that American States Water will post 3.34 earnings per share for the current year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th were given a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Tuesday, February 18th. American States Water’s dividend payout ratio (DPR) is 58.68%.

Wall Street Analyst Weigh In

AWR has been the subject of several recent research reports. Bank of America cut shares of American States Water from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $85.00 to $71.00 in a research report on Monday, February 3rd. StockNews.com raised American States Water from a “sell” rating to a “hold” rating in a research report on Saturday, March 8th. Finally, Wells Fargo & Company downgraded American States Water from an “equal weight” rating to an “underweight” rating and cut their target price for the stock 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.