Citadel Advisors LLC Raises Stake in American States Water Company (AWR)
Citadel Advisors LLC grew its position in American States Water Company (NYSE:AWR) by 158.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,094 shares of the utilities provider’s stock after purchasing an additional 12,917 shares during the period. Citadel Advisors LLC owned approximately 0.06% of American States Water worth $1,039,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in shares of American States Water in the third quarter valued at about $316,000. Legal & General Group Plc increased its position in shares of American States Water by 3.2% in the third quarter. Legal & General Group Plc now owns 176,491 shares of the utilities provider’s stock valued at $8,692,000 after acquiring an additional 5,462 shares during the last quarter. American International Group Inc. increased its position in shares of American States Water by 5.7% in the third quarter. American International Group Inc. now owns 28,800 shares of the utilities provider’s stock valued at $1,418,000 after acquiring an additional 1,564 shares during the last quarter. Granite Investment Partners LLC increased its position in American States Water by 6.0% during the third quarter. Granite Investment Partners LLC now owns 321,517 shares of the utilities provider’s stock worth $15,835,000 after buying an additional 18,147 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in American States Water during the third quarter worth approximately $1,121,000. Institutional investors own 64.71% of the company’s stock.
In other news, insider Denise L. Kruger sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $49.61, for a total transaction of $62,012.50. Following the completion of the sale, the insider now owns 9,466 shares in the company, valued at $469,608.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anne M. Holloway sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $55.00, for a total value of $55,000.00. Following the sale, the director now owns 38,399 shares of the company’s stock, valued at approximately $2,111,945. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,775 shares of company stock worth $311,573. Company insiders own 1.49% of the company’s stock.
American States Water Company (AWR) opened at $56.27 on Friday. The firm has a market capitalization of $2,070.17, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 6.58 and a beta of 0.48. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. American States Water Company has a 12-month low of $41.14 and a 12-month high of $58.11.
American States Water (NYSE:AWR) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $124.40 million for the quarter, compared to analyst estimates of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. American States Water’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. equities analysts forecast that American States Water Company will post 1.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Tuesday, November 14th. American States Water’s dividend payout ratio (DPR) is presently 55.74%.
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American States Water Profile
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), as well as ASUS’ subsidiaries, such as 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).
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