Legal & General Group Plc Grows Stake in American States Water Co (AWR)

Legal & General Group Plc increased its stake in shares of American States Water Co (NYSE:AWR) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 228,581 shares of the utilities provider’s stock after buying an additional 2,005 shares during the period. Legal & General Group Plc owned about 0.62% of American States Water worth $15,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Capital Group LLC boosted its position in shares of American States Water by 282.9% in the fourth quarter. Private Capital Group LLC now owns 471 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 348 shares during the period. Pearl River Capital LLC bought a new stake in American States Water during the fourth quarter valued at approximately $34,000. Clean Yield Group bought a new stake in American States Water during the fourth quarter valued at approximately $40,000. NumerixS Investment Technologies Inc bought a new stake in American States Water during the fourth quarter valued at approximately $40,000. Finally, Litman Gregory Asset Management LLC bought a new stake in American States Water during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 72.09% of the company’s stock.

Shares of AWR stock traded down $0.13 during trading hours on Friday, hitting $69.81. 136,757 shares of the company’s stock were exchanged, compared to its average volume of 159,127. The company has a market capitalization of $2.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 5.77 and a beta of 0.08. American States Water Co has a 12-month low of $53.84 and a 12-month high of $72.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.90.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Monday, February 25th. The utilities provider reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The firm had revenue of $111.00 million for the quarter, compared to the consensus estimate of $104.54 million. American States Water had a net margin of 14.62% and a return on equity of 11.70%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, research analysts predict that American States Water Co will post 2 EPS for the current year.

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

In related news, insider Eva G. Tang sold 600 shares of American States Water stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $70.25, for a total value of $42,150.00. Following the transaction, the insider now directly owns 31,912 shares of the company’s stock, valued at $2,241,818. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lloyd E. Ross sold 500 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $69.40, for a total transaction of $34,700.00. Following the transaction, 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 ninety days, insiders sold 18,633 shares of company stock worth $1,329,597. 1.24% of the stock is owned by insiders.

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American States Water 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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