Kestra Private Wealth Services LLC Purchases 2,521 Shares of American States Water (NYSE:AWR)

Kestra Private Wealth Services LLC raised its holdings in shares of American States Water (NYSE:AWR) by 80.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,673 shares of the utilities provider’s stock after purchasing an additional 2,521 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in American States Water were worth $456,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AWR. Arizona State Retirement System boosted its holdings in American States Water by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 10,528 shares of the utilities provider’s stock worth $828,000 after acquiring an additional 142 shares during the last quarter. Ritholtz Wealth Management grew its position in American States Water by 3.3% in the 4th quarter. Ritholtz Wealth Management now owns 6,407 shares of the utilities provider’s stock worth $515,000 after purchasing an additional 205 shares in the last quarter. Magellan Asset Management Ltd increased its stake in American States Water by 1.0% in the 3rd quarter. Magellan Asset Management Ltd now owns 28,175 shares of the utilities provider’s stock valued at $2,217,000 after buying an additional 291 shares during the last quarter. Inspire Investing LLC lifted its position in shares of American States Water by 8.0% during the 3rd quarter. Inspire Investing LLC now owns 3,997 shares of the utilities provider’s stock worth $315,000 after buying an additional 295 shares in the last quarter. Finally, Northstar Asset Management Inc. boosted its stake in shares of American States Water by 0.7% in the 3rd quarter. Northstar Asset Management Inc. now owns 49,485 shares of the utilities provider’s stock worth $3,893,000 after buying an additional 345 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling at American States Water

In other American States Water news, Director Thomas A. Eichelberger acquired 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $71.21 per share, with a total value of $99,694.00. Following the completion of the purchase, the director now owns 5,850 shares of the company’s stock, valued at $416,578.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.82% of the company’s stock.

American States Water Stock Performance

NYSE:AWR opened at $74.04 on Tuesday. The business’s fifty day moving average is $70.80 and its 200 day moving average is $75.89. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 3.88 and a beta of 0.43. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.13 and a current ratio of 1.24. American States Water has a 52-week low of $66.03 and a 52-week high of $92.85.

American States Water (NYSE:AWR) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $125.20 million during the quarter, compared to analyst estimates of $132.00 million. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS. Research analysts predict that American States Water will post 3.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company decreased their target price on American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd.

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.