American States Water Company $AWR Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in American States Water Company (NYSE:AWR) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,213 shares of the utilities provider’s stock after purchasing an additional 8,059 shares during the period. Rhumbline Advisers owned approximately 0.33% of American States Water worth $9,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in AWR. Jump Financial LLC acquired a new stake in shares of American States Water in the 1st quarter worth $202,000. First Citizens Bank & Trust Co. purchased a new stake in shares of American States Water in the second quarter valued at about $292,000. Yousif Capital Management LLC increased its position in American States Water by 2.8% during the second quarter. Yousif Capital Management LLC now owns 14,348 shares of the utilities provider’s stock worth $1,100,000 after purchasing an additional 393 shares during the last quarter. Allianz Asset Management GmbH increased its position in American States Water by 18.0% during the second quarter. Allianz Asset Management GmbH now owns 44,278 shares of the utilities provider’s stock worth $3,394,000 after purchasing an additional 6,751 shares during the last quarter. Finally, Atria Investments Inc purchased a new position in American States Water during the second quarter worth about $298,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $77.50.

American States Water Trading Down 0.4%

Shares of AWR stock opened at $73.49 on Tuesday. American States Water Company has a 1-year low of $69.45 and a 1-year high of $86.19. The firm has a market cap of $2.85 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.92 and a beta of 0.64. The company has a 50-day moving average of $73.62 and a two-hundred day moving average of $75.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.06 EPS for the quarter, topping the consensus estimate of $1.01 by $0.05. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The firm had revenue of $182.72 million for the quarter, compared to analyst estimates of $178.79 million. During the same period in the prior year, the business posted $0.95 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. On average, analysts predict that American States Water Company will post 3.34 EPS for the current year.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th will be given a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 14th. American States Water’s dividend payout ratio (DPR) is currently 59.47%.

Insider Buying and Selling at American States Water

In related news, Director Anne M. Holloway sold 528 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total value of $40,075.20. Following the sale, the director owned 39,145 shares in the company, valued at approximately $2,971,105.50. The trade was a 1.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.83% of the company’s stock.

American States Water Profile

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.