Quadrant Capital Group LLC Increases Position in American States Water (NYSE:AWR)

Quadrant Capital Group LLC lifted its holdings in shares of American States Water (NYSE:AWR) by 55.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,195 shares of the utilities provider’s stock after purchasing an additional 426 shares during the quarter. Quadrant Capital Group LLC’s holdings in American States Water were worth $96,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northwest Financial Advisors purchased a new stake in shares of American States Water during the fourth quarter worth about $32,000. Principal Securities Inc. purchased a new stake in shares of American States Water during the fourth quarter worth about $34,000. Anchor Investment Management LLC purchased a new stake in shares of American States Water during the fourth quarter worth about $48,000. Fifth Third Bancorp increased its position in shares of American States Water by 370.5% during the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the utilities provider’s stock worth $95,000 after acquiring an additional 930 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its position in shares of American States Water by 153.3% during the fourth quarter. AdvisorNet Financial Inc now owns 1,216 shares of the utilities provider’s stock worth $98,000 after acquiring an additional 736 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their price objective on American States Water from $77.00 to $80.00 and gave the company an “underweight” rating in a report on Thursday, May 9th.

Insiders Place Their Bets

In other news, Director Thomas A. Eichelberger purchased 1,400 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the purchase, the director now owns 5,850 shares of the company’s stock, valued at $416,578.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Thomas A. Eichelberger acquired 640 shares of American States Water stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average price of $77.62 per share, with a total value of $49,676.80. Following the completion of the acquisition, the director now directly owns 7,006 shares of the company’s stock, valued at approximately $543,805.72. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Eichelberger bought 1,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was bought at an average price of $71.21 per share, with a total value of $99,694.00. Following the transaction, the director now directly owns 5,850 shares in the company, valued at $416,578.50. The disclosure for this purchase can be found here. 0.82% of the stock is owned by corporate insiders.

American States Water Trading Down 0.9 %

American States Water stock opened at $74.11 on Friday. American States Water has a 1 year low of $66.03 and a 1 year high of $92.85. The firm’s 50-day moving average is $72.22 and its 200-day moving average is $75.77. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.06 and a current ratio of 1.15. The company has a market cap of $2.76 billion, a P/E ratio of 24.22, a PEG ratio of 3.95 and a beta of 0.43.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, May 8th. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $119.00 million. American States Water had a net margin of 19.95% and a return on equity of 13.65%. American States Water’s revenue was down 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities analysts expect that American States Water will post 3.01 earnings per share for the current year.

American States Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.72 dividend on an annualized basis and a yield of 2.32%. American States Water’s payout ratio is currently 56.21%.

American States Water Company 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.