GW Henssler & Associates Ltd. Makes New $229,000 Investment in American States Water (NYSE:AWR)

GW Henssler & Associates Ltd. bought a new position in American States Water (NYSE:AWR) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,747 shares of the utilities provider’s stock, valued at approximately $229,000.

Several other institutional investors also recently modified their holdings of AWR. ORG Partners LLC purchased a new position in American States Water in the second quarter worth $42,000. CWM LLC boosted its holdings in shares of American States Water by 31.4% in the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after buying an additional 250 shares during the last quarter. Quarry LP bought a new position in American States Water during the second quarter valued at about $80,000. GAMMA Investing LLC increased its holdings in American States Water by 702.2% during the second quarter. GAMMA Investing LLC now owns 1,115 shares of the utilities provider’s stock worth $81,000 after buying an additional 976 shares during the last quarter. Finally, Covestor Ltd raised its position in American States Water by 193.7% in the first quarter. Covestor Ltd now owns 1,630 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 1,075 shares during the period. 75.24% of the stock is owned by institutional investors.

Insider Transactions at American States Water

In related news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total transaction of $40,445.00. Following the sale, the director now directly owns 38,519 shares in the company, valued at approximately $3,115,801.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AWR. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.

American States Water Price Performance

NYSE AWR opened at $82.56 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.92. The company has a market cap of $3.09 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 4.31 and a beta of 0.49. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The firm’s 50-day simple moving average is $82.92 and its two-hundred day simple moving average is $77.97.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). American States Water had a net margin of 18.85% and a return on equity of 13.45%. The business had revenue of $155.30 million for the quarter, compared to analysts’ expectations of $138.00 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Research analysts predict that American States Water will post 3.03 earnings per share for the current year.

About American States Water

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.