Todays Report: The Tower Research Capital LLC TRC Buys Shares of 2,592 American States Water Co. (AWR)

The Tower Research Capital LLC TRC Buys Shares of 2,592 American States Water Co. (AWR)

Tower Research Capital LLC TRC purchased a new position in shares of American States Water Co. (NYSE:AWR) during the second quarter, Holdings Channel reports. The fund purchased 2,592 shares of the company’s stock, valued at approximately $114,000.

A number of other large investors have also bought and sold shares of the stock. Aperio Group LLC raised its position in American States Water by 2.4% in the first quarter. Aperio Group LLC now owns 25,101 shares of the company’s stock valued at $988,000 after buying an additional 582 shares in the last quarter. Prudential Financial Inc. raised its position in shares of American States Water by 28.9% in the first quarter. Prudential Financial Inc. now owns 230,162 shares of the company’s stock valued at $9,059,000 after buying an additional 51,550 shares during the period. BlackRock Inc. raised its position in shares of American States Water by 5.9% in the first quarter. BlackRock Inc. now owns 40,662 shares of the company’s stock valued at $1,601,000 after buying an additional 2,262 shares during the period. BlackRock Group LTD raised its position in shares of American States Water by 1.7% in the first quarter. BlackRock Group LTD now owns 166,660 shares of the company’s stock valued at $6,561,000 after buying an additional 2,782 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of American States Water by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 929,990 shares of the company’s stock valued at $36,604,000 after buying an additional 2,402 shares during the period. 63.65% of the stock is currently owned by institutional investors and hedge funds.

American States Water Co. (NYSE:AWR) opened at 38.81 on Thursday. The firm has a market cap of $1.42 billion, a P/E ratio of 24.12 and a beta of 0.35. American States Water Co. has a 12 month low of $37.28 and a 12 month high of $47.24. The firm has a 50 day moving average of $39.33 and a 200-day moving average of $40.69.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business earned $111.95 million during the quarter, compared to the consensus estimate of $113.01 million. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts forecast that American States Water Co. will post $1.63 earnings per share for the current year.

AWR has been the subject of several research analyst reports. Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $35.00 to $39.00 in a research note on Friday, August 5th. Finally, Barclays PLC cut their price target on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a report on Tuesday, September 6th.

In related news, Director Anne M. Holloway sold 986 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $40.01, for a total value of $39,449.86. Following the sale, the director now directly owns 41,583 shares of the company’s stock, valued at $1,663,735.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lloyd E. Ross sold 1,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $38.71, for a total transaction of $38,710.00. Following the completion of the sale, the director now directly owns 54,254 shares in the company, valued at $2,100,172.34. The disclosure for this sale can be found here. 1.43% of the stock is currently owned by corporate insiders.

American States Water Company Profile

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 various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.

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