Sentiment Change Report: American States Water Co (NYSE:AWR)

October 2, 2018 - By Darrin Black

Sentiment for American States Water Co (NYSE:AWR)

American States Water Co (NYSE:AWR) institutional sentiment increased to 1.32 in Q2 2018. Its up 0.21, from 1.11 in 2018Q1. The ratio is positive, as 90 hedge funds opened new or increased positions, while 68 reduced and sold their positions in American States Water Co. The hedge funds in our partner’s database now have: 25.81 million shares, up from 24.98 million shares in 2018Q1. Also, the number of hedge funds holding American States Water Co in their top 10 positions increased from 0 to 1 for an increase of 1. Sold All: 19 Reduced: 49 Increased: 68 New Position: 22.

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other clients in the United States. The company has market cap of $2.20 billion. It operates through three divisions: Water, Electric, and Contracted Services. It has a 36.39 P/E ratio. The firm purchases, produces, distributes, and sells water, as well as distributes electricity.

The stock decreased 0.17% or $0.1 during the last trading session, reaching $59.97. About 72,675 shares traded. American States Water Company (NYSE:AWR) has risen 21.26% since October 2, 2017 and is uptrending. It has outperformed by 5.64% the S&P500.

Analysts await American States Water Company (NYSE:AWR) to report earnings on November, 5. They expect $0.60 earnings per share, up 5.26 % or $0.03 from last year’s $0.57 per share. AWR’s profit will be $22.04M for 24.99 P/E if the $0.60 EPS becomes a reality. After $0.44 actual earnings per share reported by American States Water Company for the previous quarter, Wall Street now forecasts 36.36 % EPS growth.

Water Asset Management Llc holds 4.12% of its portfolio in American States Water Company for 59,402 shares. Copeland Capital Management Llc owns 317,709 shares or 1.06% of their US portfolio. Moreover, Granite Investment Partners Llc has 0.8% invested in the company for 222,348 shares. The Kansas-based Dean Capital Management has invested 0.77% in the stock. Lederer & Associates Investment Counsel Ca, a California-based fund reported 7,590 shares.

Since January 1, 0001, it had 0 buys, and 12 sales for $1.16 million activity.

American States Water Company (NYSE:AWR) Ratings Coverage

Ratings analysis reveals 0 of American States Water’s analysts are positive. Out of 2 Wall Street analysts rating American States Water, 0 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. The lowest target is $52 while the high is $54. The stock’s average target of $53 is -11.62% below today’s ($59.97) share price. AWR was included in 2 notes of analysts from August 24, 2018. Wells Fargo maintained the shares of AWR in report on Friday, August 24 with “Underperform” rating.

Another recent and important American States Water Company (NYSE:AWR) news was published by Nasdaq.com which published an article titled: “Mid-Morning Market Update: Markets Edge Lower; BlackBerry Earnings Beat Expectations” on September 28, 2018.

American States Water Company (NYSE:AWR) Institutional Positions Chart

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