Piedmont Investment Advisors LLC Buys New Stake in American States Water Company (AWR)

Piedmont Investment Advisors LLC bought a new stake in American States Water Company (NYSE:AWR) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 7,918 shares of the utilities provider’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWR. BlackRock Inc. grew its position in American States Water by 9,491.3% in the 1st quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after acquiring an additional 4,542,365 shares in the last quarter. Vanguard Group Inc. grew its position in American States Water by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after acquiring an additional 201,727 shares in the last quarter. Independence Advisors LLC acquired a new position in American States Water in the 2nd quarter valued at about $11,406,000. Copeland Capital Management LLC grew its position in American States Water by 21.7% in the 2nd quarter. Copeland Capital Management LLC now owns 412,139 shares of the utilities provider’s stock valued at $19,540,000 after acquiring an additional 73,592 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its position in American States Water by 3.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock valued at $79,528,000 after acquiring an additional 57,074 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

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In related news, Director Anne M. Holloway sold 5,450 shares of the firm’s stock in a transaction dated Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the sale, the director now directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.43, for a total value of $61,787.50. Following the sale, the insider now owns 11,947 shares in the company, valued at $590,540.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock worth $1,572,067. Company insiders own 1.49% of the company’s stock.

AWR has been the subject of several research reports. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Wells Fargo & Company lifted their target price on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.50.

American States Water Company (NYSE AWR) opened at 55.61 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 30.01 and a beta of 0.45. American States Water Company has a 12 month low of $37.99 and a 12 month high of $56.31. The stock’s 50 day moving average price is $51.41 and its 200-day moving average price is $48.26.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. On average,

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWR. BlackRock Inc. grew its position in American States Water by 9,491.3% in the 1st quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after acquiring an additional 4,542,365 shares in the last quarter. Vanguard Group Inc. grew its position in American States Water by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after acquiring an additional 201,727 shares in the last quarter. Independence Advisors LLC acquired a new position in American States Water in the 2nd quarter valued at about $11,406,000. Copeland Capital Management LLC grew its position in American States Water by 21.7% in the 2nd quarter. Copeland Capital Management LLC now owns 412,139 shares of the utilities provider’s stock valued at $19,540,000 after acquiring an additional 73,592 shares in the last quarter. Finally, Pictet Asset Management Ltd. grew its position in American States Water by 3.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock valued at $79,528,000 after acquiring an additional 57,074 shares in the last quarter. 65.49% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/21/piedmont-investment-advisors-llc-buys-new-stake-in-american-states-water-company-awr.html.

In related news, Director Anne M. Holloway sold 5,450 shares of the firm’s stock in a transaction dated Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the sale, the director now directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $49.43, for a total value of $61,787.50. Following the sale, the insider now owns 11,947 shares in the company, valued at $590,540.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock worth $1,572,067. Company insiders own 1.49% of the company’s stock.

AWR has been the subject of several research reports. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Wells Fargo & Company lifted their target price on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $44.50.

American States Water Company (NYSE AWR) opened at 55.61 on Friday. The firm has a market capitalization of $2.04 billion, a P/E ratio of 30.01 and a beta of 0.45. American States Water Company has a 12 month low of $37.99 and a 12 month high of $56.31. The stock’s 50 day moving average price is $51.41 and its 200-day moving average price is $48.26.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. The business had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. On average, analysts forecast that American States Water Company will post $1.70 earnings per share for the current year.

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).

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

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