American States Water Company $AWR Shares Sold by First National Corp MA ADV

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 trimmed its position in American States Water Company (NYSE:AWR - Free Report) by 22.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,746 shares of the utilities provider's stock after selling 6,775 shares during the period. First National Corp MA ADV owned about 0.06% of American States Water worth $1,820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in 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 purchasing an additional 268 shares in the last quarter. Jump Financial LLC purchased a new position in American States Water in the 1st quarter valued at about $202,000. Alpha Cubed Investments LLC purchased a new position in American States Water in the 1st quarter valued at about $472,000. Advisor Resource Council purchased a new position in American States Water in the 1st quarter valued at about $402,000. Finally, Buck Wealth Strategies LLC lifted its holdings in American States Water by 11.4% in the 1st quarter. Buck Wealth Strategies LLC now owns 56,702 shares of the utilities provider's stock valued at $4,461,000 after purchasing an additional 5,801 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Price Performance

NYSE:AWR opened at $72.36 on Tuesday. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 3.95 and a beta of 0.64. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. The company's 50-day moving average is $74.74 and its two-hundred day moving average is $76.93. American States Water Company has a 12-month low of $70.29 and a 12-month high of $87.50.

American States Water (NYSE:AWR - Get Free Report) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share (EPS) 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 analysts' expectations of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. American States Water's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 earnings per share. Research analysts expect that American States Water Company will post 3.34 EPS for the current year.

American States Water Increases Dividend

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

About American States Water

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.

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