Aigen Investment Management LP Trims Stock Position in American States Water (NYSE:AWR)

Aigen Investment Management LP lowered its holdings in shares of American States Water (NYSE:AWR) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,428 shares of the utilities provider’s stock after selling 319 shares during the quarter. Aigen Investment Management LP’s holdings in American States Water were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AWR. Wealth Enhancement Advisory Services LLC increased its position in shares of American States Water by 20.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,407 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 744 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of American States Water by 18,820.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock valued at $79,000 after purchasing an additional 941 shares during the last quarter. Van ECK Associates Corp increased its position in shares of American States Water by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 10,246 shares of the utilities provider’s stock valued at $865,000 after purchasing an additional 697 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of American States Water by 40.1% during the 3rd quarter. Asset Management One Co. Ltd. now owns 47,482 shares of the utilities provider’s stock valued at $3,955,000 after purchasing an additional 13,595 shares during the last quarter. Finally, QRG Capital Management Inc. increased its holdings in American States Water by 19.8% in the 3rd quarter. QRG Capital Management Inc. now owns 3,684 shares of the utilities provider’s stock worth $307,000 after acquiring an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

American States Water Trading Up 2.0 %

AWR stock opened at $79.51 on Friday. American States Water has a 1-year low of $66.03 and a 1-year high of $87.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 12.92 and a beta of 0.53. The business has a 50 day simple moving average of $74.79 and a two-hundred day simple moving average of $80.17.

American States Water (NYSE:AWR) last posted its quarterly earnings results 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 business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $160.17 million. Research analysts anticipate that American States Water will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be paid a $0.4655 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.86 annualized dividend and a yield of 2.34%. American States Water’s payout ratio is 58.68%.

Analysts Set New Price Targets

Several research firms recently issued reports on AWR. StockNews.com raised shares of American States Water from a “sell” rating to a “hold” rating in a report on Saturday. Bank of America lowered shares of American States Water from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $85.00 to $71.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered shares of American States Water from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $84.00 to $77.00 in a report on Tuesday, January 7th.

American States Water Company 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.