37,627 Shares in American States Water (NYSE:AWR) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. bought a new position in shares of American States Water (NYSE:AWR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 37,627 shares of the utilities provider’s stock, valued at approximately $3,271,000. Jupiter Asset Management Ltd. owned 0.10% of American States Water at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AWR. State Street Corp boosted its position in American States Water by 16.5% during the 2nd quarter. State Street Corp now owns 3,572,789 shares of the utilities provider’s stock worth $291,218,000 after buying an additional 507,209 shares during the period. Norges Bank acquired a new position in shares of American States Water in the 4th quarter worth approximately $30,951,000. Millennium Management LLC lifted its position in shares of American States Water by 929.0% in the 4th quarter. Millennium Management LLC now owns 177,706 shares of the utilities provider’s stock worth $16,447,000 after purchasing an additional 160,437 shares during the period. Morgan Stanley lifted its position in shares of American States Water by 28.4% in the 4th quarter. Morgan Stanley now owns 460,877 shares of the utilities provider’s stock worth $42,654,000 after purchasing an additional 101,977 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of American States Water by 972.2% in the 4th quarter. Victory Capital Management Inc. now owns 107,664 shares of the utilities provider’s stock worth $9,964,000 after purchasing an additional 97,623 shares during the period. 74.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

American States Water Stock Performance

NYSE:AWR opened at $80.75 on Friday. The company has a fifty day moving average of $79.63 and a 200-day moving average of $84.78. The firm has a market capitalization of $2.99 billion, a P/E ratio of 24.32, a P/E/G ratio of 4.31 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 1.05. American States Water has a twelve month low of $75.20 and a twelve month high of $100.50.

American States Water (NYSE:AWR) last released its quarterly earnings data on Tuesday, November 7th. The utilities provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.03. The company had revenue of $151.70 million during the quarter, compared to analyst estimates of $152.00 million. American States Water had a net margin of 20.66% and a return on equity of 13.60%. During the same quarter in the previous year, the business posted $0.69 EPS. As a group, sell-side analysts anticipate that American States Water will post 2.96 EPS for the current year.

American States Water Dividend Announcement

The business 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 $0.43 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.13%. American States Water’s dividend payout ratio is currently 51.81%.

Insider Buying and Selling at American States Water

In other American States Water news, Director Anne M. Holloway sold 400 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $32,800.00. Following the completion of the sale, the director now owns 38,186 shares in the company, valued at approximately $3,131,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other American States Water news, Director Anne M. Holloway sold 400 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $32,800.00. Following the completion of the sale, the director now owns 38,186 shares in the company, valued at approximately $3,131,252. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas A. Eichelberger purchased 1,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were acquired at an average price of $84.81 per share, with a total value of $84,810.00. Following the purchase, the director now directly owns 3,448 shares in the company, valued at approximately $292,424.88. The disclosure for this purchase can be found here. 0.82% of the stock is currently owned by company insiders.

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.