American States Water Co (AWR) Shares Sold by Citigroup Inc.

Citigroup Inc. trimmed its stake in shares of American States Water Co (NYSE:AWR) by 7.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,764 shares of the utilities provider’s stock after selling 682 shares during the quarter. Citigroup Inc.’s holdings in American States Water were worth $588,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in American States Water by 12.2% during the third quarter. Victory Capital Management Inc. now owns 23,316 shares of the utilities provider’s stock worth $1,426,000 after acquiring an additional 2,532 shares during the period. Wells Fargo & Company MN grew its holdings in American States Water by 15.5% during the third quarter. Wells Fargo & Company MN now owns 112,672 shares of the utilities provider’s stock worth $6,888,000 after acquiring an additional 15,090 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in American States Water by 12.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,769 shares of the utilities provider’s stock worth $536,000 after acquiring an additional 999 shares during the period. Bank of New York Mellon Corp grew its holdings in American States Water by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 629,347 shares of the utilities provider’s stock worth $38,477,000 after acquiring an additional 21,961 shares during the period. Finally, BlackRock Inc. grew its holdings in American States Water by 3.4% during the third quarter. BlackRock Inc. now owns 5,537,867 shares of the utilities provider’s stock worth $338,586,000 after acquiring an additional 179,576 shares during the period. 72.06% of the stock is owned by hedge funds and other institutional investors.

American States Water stock traded down $0.05 during midday trading on Monday, hitting $69.33. 91,948 shares of the company were exchanged, compared to its average volume of 153,812. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 40.31, a price-to-earnings-growth ratio of 5.81 and a beta of 0.08. American States Water Co has a fifty-two week low of $52.49 and a fifty-two week high of $72.50. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.67.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, February 25th. The utilities provider reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. American States Water had a return on equity of 11.70% and a net margin of 14.62%. The company had revenue of $111.00 million for the quarter, compared to analyst estimates of $104.54 million. During the same period last year, the company earned $0.35 earnings per share. American States Water’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that American States Water Co will post 2 EPS for the current year.

In other American States Water news, insider Eva G. Tang sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $70.25, for a total value of $42,150.00. Following the sale, the insider now directly owns 31,912 shares of the company’s stock, valued at $2,241,818. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd E. Ross sold 500 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $69.40, for a total value of $34,700.00. Following the completion of the sale, the director now directly owns 49,331 shares in the company, valued at $3,423,571.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,633 shares of company stock worth $1,329,597. 1.41% of the stock is owned by corporate insiders.

Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a report on Tuesday, March 26th.

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American States Water Company Profile

American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.

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

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