American States Water Company $AWR Shares Bought by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its American States Water holdings by 114% in the first quarter, owning 46,328 shares worth approximately $3.5 million. Institutional investors collectively hold 75.24% of the company.
• American States Water reported quarterly EPS of $1.09, beating estimates of $0.93, while revenue rose 11.2% year over year to $181.29 million. Analysts maintain an overall “Hold” rating.
• The company raised its quarterly dividend to $0.5455 per share, representing an annualized payout of $2.18 and a 2.5% yield.

Quantinno Capital Management LP lifted its holdings in shares of American States Water Company (NYSE:AWR - Free Report) by 114.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,328 shares of the utilities provider's stock after acquiring an additional 24,676 shares during the quarter. Quantinno Capital Management LP owned 0.12% of American States Water worth $3,503,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. State of Wyoming acquired a new stake in American States Water during the 2nd quarter valued at approximately $26,000. IFP Advisors Inc raised its position in shares of American States Water by 113.6% in the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of American States Water in the 4th quarter valued at approximately $45,000. Motiv8 Investments LLC purchased a new position in shares of American States Water during the 4th quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC grew its position 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 buying an additional 556 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

Insider Activity

In other American States Water news, Director Anne M. Holloway sold 662 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of the transaction, the director directly owned 39,418 shares of the company's stock, valued at $2,979,212.44. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Paul J. Rowley sold 1,304 shares of the business's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the transaction, the senior vice president directly owned 6,520 shares of the company's stock, valued at $495,846. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

AWR has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of American States Water from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. Zacks Research cut shares of American States Water from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Finally, Freedom Capital upgraded shares of American States Water to a "hold" rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

American States Water Stock Up 1.8%

NYSE:AWR opened at $87.21 on Friday. The company has a current ratio of 0.98, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $82.51 and a 200-day moving average of $77.78. The firm has a market capitalization of $3.42 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. American States Water Company has a 52 week low of $69.45 and a 52 week high of $90.11.

American States Water (NYSE:AWR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.16. The business had revenue of $181.29 million for the quarter, compared to the consensus estimate of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The business's revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be given a $0.5455 dividend. The ex-dividend date is Monday, August 17th. This represents a $2.18 annualized dividend and a yield of 2.5%. This is a boost from American States Water's previous quarterly dividend of $0.50. American States Water's payout ratio is 55.34%.

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.

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