Fifth Third Bancorp Has $763,000 Holdings in American States Water Company $AWR

Fifth Third Bancorp grew its stake in American States Water Company (NYSE:AWR) by 3,793.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,083 shares of the utilities provider’s stock after acquiring an additional 9,824 shares during the quarter. Fifth Third Bancorp’s holdings in American States Water were worth $763,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State of Wyoming bought a new stake in shares of American States Water in the second quarter worth about $26,000. IFP Advisors Inc increased its position in shares of American States Water by 113.6% during the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 292 shares during the last quarter. Plato Investment Management Ltd acquired a new position in American States Water during the fourth quarter worth $45,000. Motiv8 Investments LLC acquired a new position in shares of American States Water during the 4th quarter worth about $45,000. Finally, EverSource Wealth Advisors LLC increased its position in American States Water by 337.0% during the second quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock worth $55,000 after buying an additional 556 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

AWR has been the subject of several research reports. Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Freedom Capital upgraded shares of American States Water to a “hold” rating in a research note on Monday, June 29th. Finally, Weiss Ratings upgraded American States Water from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, American States Water has an average rating of “Hold”.

American States Water Trading Down 0.1%

NYSE AWR opened at $86.29 on Tuesday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 3.36 and a beta of 0.59. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business’s fifty day moving average is $80.76 and its 200 day moving average is $77.05. American States Water Company has a twelve month low of $69.45 and a twelve month high of $90.11.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a net margin of 19.66% and a return on equity of 13.06%. The firm had revenue of $169.19 million during the quarter, compared to analyst estimates of $157.02 million. During the same period in the prior year, the company earned $0.70 EPS. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a dividend of $0.504 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.3%. American States Water’s payout ratio is presently 58.89%.

Insider Buying and Selling

In related news, Director Anne M. Holloway sold 662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total value of $50,033.96. Following the sale, the director directly owned 39,418 shares in the company, valued at $2,979,212.44. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Paul J. Rowley sold 1,304 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the sale, the senior vice president directly owned 6,520 shares in the company, valued at approximately $495,846. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by insiders.

American States Water 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.