American States Water Company $AWR Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of American States Water Company (NYSE:AWR) by 18.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,278 shares of the utilities provider’s stock after purchasing an additional 6,751 shares during the period. Allianz Asset Management GmbH owned 0.11% of American States Water worth $3,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management raised its position in shares of American States Water by 6.6% during the 2nd quarter. Ritholtz Wealth Management now owns 4,794 shares of the utilities provider’s stock valued at $367,000 after buying an additional 296 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of American States Water during the 2nd quarter valued at approximately $282,000. Yousif Capital Management LLC raised its position in shares of American States Water by 2.8% during the 2nd quarter. Yousif Capital Management LLC now owns 14,348 shares of the utilities provider’s stock valued at $1,100,000 after buying an additional 393 shares during the period. CWM LLC raised its position in shares of American States Water by 111.2% during the 2nd quarter. CWM LLC now owns 3,898 shares of the utilities provider’s stock valued at $299,000 after buying an additional 2,052 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of American States Water by 25.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,890 shares of the utilities provider’s stock valued at $375,000 after buying an additional 979 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American States Water Stock Up 0.4%

Shares of NYSE AWR opened at $76.52 on Friday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 4.11 and a beta of 0.64. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 0.97. American States Water Company has a 52-week low of $69.85 and a 52-week high of $87.20. The business’s 50 day moving average is $73.56 and its two-hundred day moving average is $76.07.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The firm had revenue of $163.07 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.85 EPS. Research analysts predict that American States Water Company will post 3.34 EPS for the current year.

American States Water Increases Dividend

The business also recently disclosed 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. This is an increase from American States Water’s previous quarterly dividend of $0.47. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, August 15th. American States Water’s dividend payout ratio is currently 61.77%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $77.50.

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.