Martingale Asset Management L P Has $7.27 Million Holdings in American States Water Co (AWR)

Martingale Asset Management L P raised its position in American States Water Co (NYSE:AWR) by 16.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 102,004 shares of the utilities provider’s stock after acquiring an additional 14,100 shares during the quarter. Martingale Asset Management L P’s holdings in American States Water were worth $7,274,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AWR. Private Capital Group LLC increased 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 purchased a new position in shares of American States Water in the fourth quarter valued at about $34,000. NumerixS Investment Technologies Inc purchased a new position in shares of American States Water in the fourth quarter valued at about $40,000. Litman Gregory Asset Management LLC purchased a new position in shares of American States Water in the fourth quarter valued at about $67,000. Finally, Quadrant Capital Group LLC increased its position in shares of American States Water by 3,380.6% in the first quarter. Quadrant Capital Group LLC now owns 1,253 shares of the utilities provider’s stock valued at $88,000 after acquiring an additional 1,217 shares during the period. Hedge funds and other institutional investors own 72.40% of the company’s stock.

In related news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $72.92, for a total transaction of $36,460.00. Following the transaction, the director now owns 38,262 shares in the company, valued at $2,790,065.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Eva G. Tang sold 600 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $71.94, for a total transaction of $43,164.00. Following the transaction, the chief financial officer now owns 31,912 shares in the company, valued at approximately $2,295,749.28. The disclosure for this sale can be found here. Insiders have sold 32,491 shares of company stock worth $2,339,709 in the last quarter. 1.24% of the stock is owned by corporate insiders.

Shares of NYSE AWR opened at $74.30 on Monday. American States Water Co has a 1 year low of $54.25 and a 1 year high of $74.64. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market cap of $2.73 billion, a P/E ratio of 43.20, a P/E/G ratio of 4.68 and a beta of 0.07.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). American States Water had a net margin of 14.86% and a return on equity of 11.92%. The company had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $93.02 million. During the same quarter in the prior year, the firm earned $0.29 EPS. American States Water’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that American States Water Co will post 1.99 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. American States Water’s dividend payout ratio is currently 63.95%.

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

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American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, 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.

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

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