14,363 Shares in American States Water Company $AWR Acquired by Ethic Inc.

Ethic Inc. acquired a new stake in shares of American States Water Company (NYSE:AWR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,363 shares of the utilities provider’s stock, valued at approximately $1,041,000.

Several other large investors have also recently added to or reduced their stakes in AWR. State of Wyoming acquired a new stake in shares of American States Water during the 2nd quarter valued at $26,000. Aster Capital Management DIFC Ltd increased its stake in shares of American States Water by 610.5% in the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $55,000 after acquiring an additional 556 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of American States Water during the third quarter worth $72,000. Finally, Hantz Financial Services Inc. boosted its position in American States Water by 14,025.0% during the third quarter. Hantz Financial Services Inc. now owns 1,130 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,122 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Trading Down 0.3%

Shares of AWR stock opened at $77.43 on Thursday. American States Water Company has a 12 month low of $69.45 and a 12 month high of $81.24. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $76.22 and its two-hundred day moving average is $74.42. The company has a market cap of $3.03 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $169.19 million during the quarter, compared to analyst estimates of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.American States Water’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Equities analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be issued a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, May 18th. American States Water’s dividend payout ratio (DPR) is 58.89%.

Analyst Ratings Changes

AWR has been the topic of a number of recent research reports. Zacks Research upgraded American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

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.