American States Water Company (AWR) Could Help Your Portfolio. The Stock Formed Bullish Wedge Up Chart Pattern

July 13, 2018 - By Andrea Pope

Investors sentiment decreased to 1.11 in 2018 Q1. Its down 0.20, from 1.31 in 2017Q4. It worsened, as 15 investors sold American States Water Company shares while 65 reduced holdings. 24 funds opened positions while 65 raised stakes. 24.98 million shares or 6.37% more from 23.48 million shares in 2017Q4 were reported.
Paloma Prtn Mgmt accumulated 0.07% or 87,137 shares. Ameriprise Fincl has 0.01% invested in American States Water Company (NYSE:AWR) for 267,463 shares. Geode Capital Ltd Liability Com holds 0.01% or 319,219 shares in its portfolio. Van Hulzen Asset Limited Liability Corp reported 0.28% stake. The New York-based Indexiq Advsr Lc has invested 0.04% in American States Water Company (NYSE:AWR). 15,300 were reported by Hrt Limited Liability Corp. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in American States Water Company (NYSE:AWR). 232 are held by Fifth Third Retail Bank. Farmers Merchants Invs Inc owns 0% invested in American States Water Company (NYSE:AWR) for 300 shares. 20,475 are held by Lpl Ltd Liability. Smithfield Trust invested in 301 shares. Comerica Financial Bank has 39,054 shares. 221,239 were reported by Granite Investment Partners Ltd Llc. Employees Retirement System Of Ohio holds 0% or 1,362 shares in its portfolio. Citigroup invested 0% in American States Water Company (NYSE:AWR).

Since March 5, 2018, it had 0 insider purchases, and 11 selling transactions for $623,187 activity. SWITZER BRYAN K also sold $39,030 worth of American States Water Company (NYSE:AWR) shares. On Tuesday, May 15 the insider Cotton – III James C sold $66,687. The insider FARROW GLADYS sold $36,452. HOLLOWAY ANNE M also sold $55,014 worth of American States Water Company (NYSE:AWR) shares. 1,100 American States Water Company (NYSE:AWR) shares with value of $57,849 were sold by ROSS LLOYD E.

The stock of American States Water Company (AWR) formed an up wedge with $64.83 target or 9.00 % above today’s $59.48 share price. The 8 months wedge indicates low risk for the $2.19 billion company. If the $64.83 price target is reached, the company will be worth $196.65 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 0.17% or $0.1 during the last trading session, reaching $59.48. About 54,102 shares traded. American States Water Company (NYSE:AWR) has risen 21.97% since July 13, 2017 and is uptrending. It has outperformed by 9.40% the S&P500.

Analysts await American States Water Company (NYSE:AWR) to report earnings on August, 1. They expect $0.48 earnings per share, down 22.58 % or $0.14 from last year’s $0.62 per share. AWR’s profit will be $17.63 million for 30.98 P/E if the $0.48 EPS becomes a reality. After $0.29 actual earnings per share reported by American States Water Company for the previous quarter, Wall Street now forecasts 65.52 % EPS growth.

Another recent and important American States Water Company (NYSE:AWR) news was published by Fool.com which published an article titled: “In Your 60s? 3 Stocks You Might Want to Buy” on July 03, 2018.

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 $2.19 billion. It operates through three divisions: Water, Electric, and Contracted Services. It has a 32.61 P/E ratio. The firm purchases, produces, distributes, and sells water, as well as distributes electricity.

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

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