Perpetual Ltd Buys 545 Shares of American States Water Company $AWR

Perpetual Ltd lifted its stake in shares of American States Water Company (NYSE:AWR) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,732 shares of the utilities provider’s stock after acquiring an additional 545 shares during the quarter. Perpetual Ltd owned approximately 0.40% of American States Water worth $11,708,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in American States Water in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC boosted its position in shares of American States Water by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 380 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of American States Water during the 4th quarter valued at approximately $78,000. Strs Ohio bought a new position in shares of American States Water during the 1st quarter valued at approximately $87,000. Finally, State of Wyoming bought a new position in shares of American States Water during the 4th quarter valued at approximately $114,000. 75.24% of the stock is currently owned by institutional investors.

American States Water Stock Down 0.1%

NYSE AWR opened at $71.87 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.56. The company has a market capitalization of $2.77 billion, a P/E ratio of 21.98, a P/E/G ratio of 3.88 and a beta of 0.64. American States Water Company has a one year low of $70.29 and a one year high of $87.50. The stock has a 50 day moving average price of $74.35 and a 200-day moving average price of $76.77.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $163.07 million for the quarter, compared to the consensus estimate of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, equities analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.504 per share. The ex-dividend date was Friday, August 15th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from American States Water’s previous quarterly dividend of $0.47. American States Water’s dividend payout ratio is currently 61.77%.

About American States Water

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.