Coston McIsaac & Partners Lowers Stock Position in American States Water (NYSE:AWR)

Coston McIsaac & Partners cut its holdings in American States Water (NYSE:AWR) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,689 shares of the utilities provider’s stock after selling 357 shares during the quarter. Coston McIsaac & Partners’ holdings in American States Water were worth $208,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Squarepoint Ops LLC grew its holdings in American States Water by 10.3% in the second quarter. Squarepoint Ops LLC now owns 15,973 shares of the utilities provider’s stock worth $1,159,000 after purchasing an additional 1,487 shares during the period. Millennium Management LLC boosted its position in shares of American States Water by 205.5% in the 2nd quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider’s stock worth $31,974,000 after purchasing an additional 296,361 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of American States Water by 4.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,924 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 871 shares during the last quarter. Mackenzie Financial Corp increased its position in American States Water by 8.3% during the 2nd quarter. Mackenzie Financial Corp now owns 5,213 shares of the utilities provider’s stock valued at $378,000 after buying an additional 400 shares in the last quarter. Finally, Algert Global LLC raised its stake in American States Water by 15.0% during the second quarter. Algert Global LLC now owns 28,740 shares of the utilities provider’s stock valued at $2,086,000 after buying an additional 3,748 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American States Water Price Performance

Shares of American States Water stock opened at $73.58 on Thursday. The stock has a market cap of $2.76 billion, a P/E ratio of 24.77, a P/E/G ratio of 11.67 and a beta of 0.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The stock’s fifty day moving average is $78.59 and its 200 day moving average is $81.29. American States Water has a one year low of $66.03 and a one year high of $87.50.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The firm had revenue of $161.78 million during the quarter, compared to the consensus estimate of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Sell-side analysts anticipate that American States Water will post 3.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Bank of America began coverage on shares of American States Water in a report on Wednesday, December 11th. They set a “neutral” rating and a $85.00 price target on the stock. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $84.00 to $77.00 in a research note on Tuesday, January 7th.

American States Water 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.