Trade Report: The GW Henssler & Associates Ltd. Acquires 4,699 Shares of American States Water Co. (AWR)

The GW Henssler & Associates Ltd. Acquires 4,699  Shares of American States Water Co. (AWR)

GW Henssler & Associates Ltd. acquired a new position in American States Water Co. (NYSE:AWR) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,699 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased 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 worth $36,604,000 after buying an additional 2,402 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of American States Water by 2.3% in the second quarter. Capstone Asset Management Co. now owns 11,552 shares of the company’s stock worth $506,000 after buying an additional 260 shares during the last quarter. BlackRock Group LTD increased 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 worth $6,561,000 after buying an additional 2,782 shares during the last quarter. UBS Group AG increased its position in shares of American States Water by 22.4% in the first quarter. UBS Group AG now owns 120,868 shares of the company’s stock worth $4,758,000 after buying an additional 22,092 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of American States Water by 2.4% in the first quarter. Aperio Group LLC now owns 25,101 shares of the company’s stock worth $988,000 after buying an additional 582 shares during the last quarter. 63.65% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Co. (NYSE:AWR) traded down 0.52% during mid-day trading on Monday, reaching $38.13. 254,004 shares of the company were exchanged. The stock has a 50-day moving average of $39.23 and a 200 day moving average of $40.67. The firm has a market capitalization of $1.39 billion, a P/E ratio of 23.70 and a beta of 0.35. American States Water Co. has a 1-year low of $37.28 and a 1-year high of $47.24.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $111.95 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts forecast that American States Water Co. will post $1.63 earnings per share for the current year.

A number of research analysts have recently issued reports on AWR shares. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Barclays PLC cut their price objective on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 6th. Finally, Janney Montgomery Scott upgraded shares of American States Water from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $39.00 in a research note on Friday, August 5th.

In other American States Water news, Director Diana M. Bonta sold 980 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.62, for a total value of $38,827.60. Following the transaction, the director now directly owns 23,972 shares in the company, valued at $949,770.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Holloway sold 986 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $40.01, for a total transaction of $39,449.86. Following the transaction, the director now owns 41,583 shares in the company, valued at $1,663,735.83. The disclosure for this sale can be found here. Insiders own 1.43% of the company’s stock.

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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