EULAV Asset Management Grows Position in American States Water (NYSE:AWR)

EULAV Asset Management grew its holdings in shares of American States Water (NYSE:AWR) by 159.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,000 shares of the utilities provider’s stock after acquiring an additional 12,300 shares during the quarter. EULAV Asset Management owned about 0.05% of American States Water worth $1,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in shares of American States Water by 116.6% in the 2nd quarter. Cetera Investment Advisers now owns 6,231 shares of the utilities provider’s stock worth $542,000 after purchasing an additional 3,354 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American States Water by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 792,476 shares of the utilities provider’s stock worth $68,945,000 after buying an additional 21,943 shares during the last quarter. Vestor Capital LLC boosted its stake in American States Water by 4,023.6% in the second quarter. Vestor Capital LLC now owns 41,236 shares of the utilities provider’s stock worth $18,379,000 after buying an additional 40,236 shares in the last quarter. Swiss National Bank raised its stake in shares of American States Water by 0.9% during the second quarter. Swiss National Bank now owns 80,500 shares of the utilities provider’s stock worth $7,004,000 after acquiring an additional 700 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of American States Water by 8.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 103,346 shares of the utilities provider’s stock worth $8,991,000 after acquiring an additional 8,162 shares during the last quarter. Hedge funds and other institutional investors own 74.67% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of American States Water from a “sell” rating to a “hold” rating in a report on Wednesday.

Insider Transactions at American States Water

In other American States Water news, Director Thomas A. Eichelberger purchased 1,000 shares of American States Water stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $77.94 per share, for a total transaction of $77,940.00. Following the acquisition, the director now directly owns 4,448 shares in the company, valued at $346,677.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.82% of the stock is currently owned by company insiders.

American States Water Price Performance

AWR opened at $81.43 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.98 and a quick ratio of 0.90. The stock’s 50 day simple moving average is $79.73 and its 200 day simple moving average is $84.91. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 4.17 and a beta of 0.43. American States Water has a 1 year low of $75.20 and a 1 year high of $100.50.

American States Water (NYSE:AWR) last issued its earnings results on Tuesday, November 7th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.03. American States Water had a net margin of 20.66% and a return on equity of 13.60%. The firm had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same quarter last year, the business earned $0.69 earnings per share. As a group, analysts predict that American States Water will post 2.96 earnings per share for the current year.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, November 14th. American States Water’s dividend payout ratio (DPR) is 51.81%.

American States Water Profile

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.