American States Water Company $AWR Stock Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of American States Water Company (NYSE:AWR) by 114.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,328 shares of the utilities provider’s stock after buying an additional 24,676 shares during the period. Quantinno Capital Management LP’s holdings in American States Water were worth $3,503,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AWR. State of Wyoming bought a new stake in shares of American States Water during the 2nd quarter worth about $26,000. IFP Advisors Inc boosted its holdings in shares of American States Water by 113.6% in the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of American States Water during the fourth quarter valued at approximately $45,000. Motiv8 Investments LLC acquired a new position in shares of American States Water during the fourth quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of American States Water by 337.0% during the second quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 556 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Insider Activity

In other news, SVP Paul J. Rowley sold 1,304 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $76.05, for a total value of $99,169.20. Following the completion of the sale, the senior vice president directly owned 6,520 shares of the company’s stock, valued at $495,846. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Holloway sold 662 shares of the firm’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 transaction of $50,033.96. Following the sale, the director owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.90% of the company’s stock.

American States Water Stock Performance

American States Water stock opened at $87.21 on Friday. The firm’s 50 day simple moving average is $82.51 and its 200-day simple moving average is $77.78. The company has a market cap of $3.42 billion, a P/E ratio of 23.89, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 1.13. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $90.11.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.50% and a net margin of 20.52%.The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. As a group, equities research analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be paid a dividend of $0.5455 per share. This is a boost from American States Water’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.18 annualized dividend and a yield of 2.5%. American States Water’s dividend payout ratio (DPR) is presently 55.34%.

Analyst Upgrades and Downgrades

AWR has been the topic of several recent analyst reports. Weiss Ratings raised American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Freedom Capital upgraded American States Water to a “hold” rating in a research report on Monday, June 29th. Finally, Zacks Research cut American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About American States Water

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.