Teachers Retirement System of The State of Kentucky Holds Stake in American States Water Company (NYSE:AWR)

Teachers Retirement System of The State of Kentucky continued to hold its stake in shares of American States Water Company (NYSE:AWR) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,200 shares of the utilities provider’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in American States Water were worth $496,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in 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 valued at $178,000 after buying an additional 80 shares during the period. PNC Financial Services Group Inc. raised its stake in American States Water by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 15,165 shares of the utilities provider’s stock valued at $672,000 after buying an additional 139 shares during the period. Asset Management One Co. Ltd. raised its stake in American States Water by 2.9% in the first quarter. Asset Management One Co. Ltd. now owns 6,151 shares of the utilities provider’s stock valued at $270,000 after buying an additional 174 shares during the period. Louisiana State Employees Retirement System raised its stake in 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 valued at $660,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System raised its stake in American States Water by 1.6% in the first quarter. Arizona State Retirement System now owns 19,100 shares of the utilities provider’s stock valued at $846,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 66.35% of the company’s stock.

American States Water Company (NYSE AWR) opened at 48.88 on Friday. The company has a market capitalization of $1.79 billion, a PE ratio of 26.38 and a beta of 0.47. American States Water Company has a 12-month low of $37.47 and a 12-month high of $51.75. The stock has a 50 day moving average of $48.87 and a 200 day moving average of $46.01.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.17. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. On average, equities research analysts predict that American States Water Company will post $1.70 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $0.255 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.09%. This is a boost from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio is 55.14%.

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Several research analysts have commented on the stock. BidaskClub cut shares of American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research cut 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 restated a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

In related news, CEO Robert J. Sprowls sold 9,586 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total value of $488,981.86. Following the completion of the transaction, the chief executive officer now owns 111,454 shares in the company, valued at approximately $5,685,268.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bryan K. Switzer sold 2,923 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $49.81, for a total transaction of $145,594.63. Following the completion of the transaction, the vice president now owns 17,528 shares of the company’s stock, valued at approximately $873,069.68. The disclosure for this sale can be found here. Insiders sold 60,069 shares of company stock valued at $2,876,149 in the last three months. Company insiders own 1.43% of the company’s stock.

About American States Water

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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