American States Water Co (AWR) : Weatherly Asset Management L. P. reduced its stake in American States Water Co by 0.83% during the most recent quarter end. The investment management company now holds a total of 21,549 shares of American States Water Co which is valued at $872,088 after selling 180 shares in American States Water Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.American States Water Co makes up approximately 0.30% of Weatherly Asset Management L. P.’s portfolio.
American States Water Co opened for trading at $40.92 and hit $41.12 on the upside on Wednesday, eventually ending the session at $40.96, with a gain of 0.10% or 0.04 points. The heightened volatility saw the trading volume jump to 1,63,317 shares. Company has a market cap of $1,496 M.
Other Hedge Funds, Including , Clean Yield Group added AWR to its portfolio by purchasing 1,200 company shares during the most recent quarter which is valued at $48,696. American States Water Co makes up approx 0.02% of Clean Yield Group’s portfolio.Independent Portfolio Consultants boosted its stake in AWR in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 395 shares of American States Water Co which is valued at $16,029. Gofen Glossberg Il sold out all of its stake in AWR during the most recent quarter. The investment firm sold 5,000 shares of AWR which is valued $202,900.Eqis Capital Management reduced its stake in AWR by selling 1,172 shares or 8.97% in the most recent quarter. The Hedge Fund company now holds 11,890 shares of AWR which is valued at $464,423. American States Water Co makes up approx 0.03% of Eqis Capital Management’s portfolio.
On the company’s financial health, American States Water Co reported $0.56 EPS for the quarter, based on the information available during the earnings call on Nov 3, 2015. Analyst had a consensus estimate of $0.56. The company had revenue of $132.98 million for the quarter, compared to analysts expectations of $143.65 million. The company’s revenue was down -3.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on American States Water Co. American States Water Co was Downgraded by Ladenburg Thalmann to ” Sell” on Feb 26, 2016.
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) and its subsidiaries (Fort Bliss Water Services Company (FBWS) Terrapin Utility Services Inc. (TUS) Old Dominion Utility Services Inc. (ODUS) Palmetto State Utility Services Inc. (PSUS) and Old North Utility Services Inc. (ONUS)). The Company operates in three segments: water electric and contracted services. Within the segments AWR has two business units water and electric service utility operations conducted through GSWC and contracted services conducted through ASUS and its subsidiaries. FBWS TUS ODUS PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase production and distribution of water in 75 communities in 10 counties in the State of California.