Bank of New York Mellon Corp lowered its holdings in American States Water Company (NYSE:AWR) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 943,189 shares of the utilities provider’s stock after selling 11,808 shares during the period. Bank of New York Mellon Corp owned approximately 2.58% of American States Water worth $44,716,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AWR. Teachers Advisors LLC increased its position in shares of American States Water by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 60,650 shares of the utilities provider’s stock worth $2,763,000 after acquiring an additional 1,573 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of American States Water by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the utilities provider’s stock worth $660,000 after acquiring an additional 200 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of American States Water by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 80 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of American States Water by 7.0% in the first quarter. Great West Life Assurance Co. Can now owns 51,320 shares of the utilities provider’s stock worth $2,273,000 after acquiring an additional 3,364 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of American States Water by 19.8% in the first quarter. First Trust Advisors LP now owns 508,615 shares of the utilities provider’s stock worth $22,532,000 after acquiring an additional 83,918 shares in the last quarter. 65.48% of the stock is owned by institutional investors.

AWR has been the subject of several recent research reports. BidaskClub raised shares of American States Water from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

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In other news, Director Anne M. Holloway sold 5,450 shares of American States Water stock in a transaction that occurred on Monday, September 4th. The shares were sold at an average price of $36.95, for a total value of $201,377.50. Following the transaction, the director now owns 48,963 shares of the company’s stock, valued at $1,809,182.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $49.33, for a total transaction of $61,662.50. Following the completion of the transaction, the insider now directly owns 11,966 shares in the company, valued at approximately $590,282.78. The disclosure for this sale can be found here. In the last three months, insiders sold 47,305 shares of company stock worth $2,287,485. Insiders own 1.49% of the company’s stock.

Shares of American States Water Company (NYSE:AWR) opened at 49.49 on Wednesday. American States Water Company has a 52-week low of $37.47 and a 52-week high of $51.75. The stock has a 50 day moving average of $49.45 and a 200 day moving average of $46.48. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 26.71 and a beta of 0.45.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share. Equities analysts predict that American States Water Company will post $1.70 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.06%. The ex-dividend date was Friday, August 11th. This is a positive change from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio (DPR) is presently 55.14%.

American States Water Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

Institutional Ownership by Quarter for American States Water (NYSE:AWR)

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