Man Group plc acquired a new stake in shares of American States Water Company (NYSE:AWR – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,622 shares of the utilities provider’s stock, valued at approximately $1,043,000.
Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. bought a new position in American States Water in the 2nd quarter valued at about $602,749,000. Vanguard Group Inc. raised its position in shares of American States Water by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock worth $360,657,000 after buying an additional 118,702 shares in the last quarter. Morgan Stanley lifted its stake in shares of American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after acquiring an additional 758,452 shares during the period. Geode Capital Management LLC lifted its stake in shares of American States Water by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 907,840 shares of the utilities provider’s stock worth $65,810,000 after acquiring an additional 2,812 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of American States Water by 2.1% in the first quarter. First Trust Advisors LP now owns 836,092 shares of the utilities provider’s stock valued at $63,225,000 after acquiring an additional 16,896 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
Insiders Place Their Bets
In related news, Director Anne M. Holloway sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total transaction of $79,974.00. Following the completion of the sale, the director directly owned 38,518 shares in the company, valued at approximately $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on American States Water
American States Water Price Performance
Shares of American States Water stock opened at $88.18 on Thursday. American States Water Company has a 52 week low of $69.45 and a 52 week high of $91.72. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. The stock has a market cap of $3.50 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 3.37 and a beta of 0.57. The company’s 50-day moving average price is $86.57 and its two-hundred day moving average price is $79.87.
American States Water (NYSE:AWR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.16. The company had revenue of $181.29 million during 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 business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.87 EPS. As a group, sell-side analysts anticipate that American States Water Company will post 3.68 EPS for the current fiscal year.
American States Water Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were paid a dividend of $0.5455 per share. This is a boost from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. American States Water’s dividend payout ratio (DPR) 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.
Read More
- Five stocks we like better than American States Water
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Want to see what other hedge funds are holding AWR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American States Water Company (NYSE:AWR – Free Report).
Receive News & Ratings for American States Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water and related companies with MarketBeat.com's FREE daily email newsletter.
