Ieq Capital LLC bought a new stake in American States Water Company (NYSE:AWR – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 101,674 shares of the utilities provider’s stock, valued at approximately $8,401,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of American States Water during the 2nd quarter worth $26,000. State of Wyoming purchased a new position in shares of American States Water in the 2nd quarter valued at about $26,000. IFP Advisors Inc increased its holdings in shares of American States Water by 113.6% in the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of American States Water in the fourth quarter valued at about $45,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of American States Water in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 75.24% of the company’s stock.
Insider Buying and Selling
In other American States Water news, Director Anne M. Holloway sold 900 shares of the firm’s stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on American States Water
American States Water Stock Up 0.3%
AWR opened at $88.90 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 0.98. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.35 and a beta of 0.57. American States Water Company has a one year low of $69.45 and a one year high of $90.42. The business’s fifty day moving average is $84.71 and its two-hundred day moving average is $78.85.
American States Water (NYSE:AWR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $181.29 million during the quarter, compared to analysts’ expectations of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The business’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be paid a $0.5455 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. This is a positive change from American States Water’s previous quarterly dividend of $0.50. American States Water’s dividend payout ratio is currently 59.73%.
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.
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