First National Corp MA ADV Has $1.82 Million Holdings in American States Water Company $AWR

Key Points

• First National Corp MA ADV reduced its stake in American States Water Company by 22.2%, now holding 23,746 shares worth approximately $1.82 million.
• American States Water reported Q2 earnings of $0.87 per share, missing estimates by $0.05, and had a revenue of $163.07 million, below expectations of $170.64 million.
• The company announced a quarterly dividend increase to $0.504 per share, reflecting an annualized yield of 2.8%, up from the previous $0.47.

First National Corp MA ADV lessened its holdings in American States Water Company (NYSE:AWR - Free Report) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,746 shares of the utilities provider's stock after selling 6,775 shares during the quarter. First National Corp MA ADV owned approximately 0.06% of American States Water worth $1,820,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AWR. Bank of America Corp DE boosted its stake in shares of American States Water by 107.7% in the 4th quarter. Bank of America Corp DE now owns 137,915 shares of the utilities provider's stock valued at $10,719,000 after purchasing an additional 71,501 shares during the last quarter. Captrust Financial Advisors raised its position in shares of American States Water by 5.0% in the 4th quarter. Captrust Financial Advisors now owns 5,670 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 268 shares during the period. Janus Henderson Group PLC raised its position in shares of American States Water by 7.3% in the 4th quarter. Janus Henderson Group PLC now owns 23,262 shares of the utilities provider's stock valued at $1,808,000 after acquiring an additional 1,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of American States Water by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,312 shares of the utilities provider's stock valued at $1,812,000 after acquiring an additional 786 shares during the period. Finally, Millennium Management LLC raised its position in shares of American States Water by 16.1% in the 4th quarter. Millennium Management LLC now owns 329,740 shares of the utilities provider's stock valued at $25,627,000 after acquiring an additional 45,708 shares during the period. Institutional investors own 75.24% of the company's stock.

American States Water Trading Down 0.1%

Shares of NYSE:AWR traded down $0.05 during mid-day trading on Friday, reaching $71.87. The stock had a trading volume of 829,743 shares, compared to its average volume of 220,862. The firm has a market cap of $2.77 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 3.88 and a beta of 0.64. The firm has a 50 day simple moving average of $74.35 and a two-hundred day simple moving average of $76.77. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. American States Water Company has a twelve month low of $70.29 and a twelve month high of $87.50.

American States Water (NYSE:AWR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The firm had revenue of $163.07 million during the quarter, compared to analyst estimates of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. On average, research analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were issued a dividend of $0.504 per share. This is an increase from American States Water's previous quarterly dividend of $0.47. The ex-dividend date was Friday, August 15th. This represents a $2.02 annualized dividend and a yield of 2.8%. American States Water's dividend payout ratio is 61.77%.

American States Water Company Profile

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.