Van Hulzen Asset Management LLC Purchases New Position in American States Water Company $AWR

Van Hulzen Asset Management LLC acquired a new position in shares of American States Water Company (NYSE:AWR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 22,970 shares of the utilities provider’s stock, valued at approximately $1,898,000. Van Hulzen Asset Management LLC owned about 0.06% of American States Water at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Baird Financial Group Inc. boosted its position in shares of American States Water by 23.7% during the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of American States Water by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after buying an additional 1,388 shares during the period. Jones Financial Companies Lllp increased its position in shares of American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after buying an additional 4,160 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after buying an additional 25,333 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in American States Water by 2,606.4% during the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after buying an additional 86,402 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In other news, Director Anne M. Holloway sold 900 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the sale, the director directly owned 38,518 shares in the company, valued at $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AWR shares. Zacks Research lowered American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Freedom Capital upgraded American States Water to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

American States Water Stock Up 2.7%

American States Water stock opened at $90.99 on Tuesday. The company has a 50 day moving average of $84.98 and a 200-day moving average of $78.99. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.75. American States Water Company has a twelve month low of $69.45 and a twelve month high of $91.11. The stock has a market capitalization of $3.61 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $181.29 million for the quarter, compared to analyst estimates of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.87 earnings per share. On average, equities research analysts anticipate that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be issued a dividend of $0.5455 per share. This is a boost from American States Water’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, August 17th. This represents a $2.18 dividend on an annualized basis and a yield of 2.4%. American States Water’s dividend payout ratio is currently 59.73%.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.