American States Water Company $AWR Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp increased its stake in American States Water by 206.4% in Q3 to 78,504 shares (about 0.20%) worth $5.76M, and several other institutions also raised positions, leaving institutional ownership at 75.24%.
• American States Water posted quarterly EPS of $0.74, beating estimates of $0.68 while revenue slightly missed, and analysts hold a consensus "Hold" rating with a $84 target and expected FY EPS of 3.34.
• The company declared a quarterly dividend of $0.504 (paid Mar 5), equivalent to a $2.02 annualized dividend, a ~2.8% yield, and a payout ratio of 59.94%.

Tudor Investment Corp ET AL grew its stake in American States Water Company (NYSE:AWR - Free Report) by 206.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,504 shares of the utilities provider's stock after purchasing an additional 52,885 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.20% of American States Water worth $5,756,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in American States Water in the 2nd quarter worth about $37,846,000. Principal Financial Group Inc. raised its holdings in shares of American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider's stock valued at $52,847,000 after acquiring an additional 258,388 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of American States Water by 512.8% in the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider's stock valued at $13,780,000 after acquiring an additional 157,276 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of American States Water by 238.3% in the third quarter. Qube Research & Technologies Ltd now owns 174,361 shares of the utilities provider's stock worth $12,784,000 after acquiring an additional 122,823 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of American States Water by 436.7% in the third quarter. Assenagon Asset Management S.A. now owns 145,037 shares of the utilities provider's stock worth $10,634,000 after acquiring an additional 118,011 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Trading Down 0.4%

AWR opened at $73.26 on Wednesday. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 21.74, a price-to-earnings-growth ratio of 3.63 and a beta of 0.69. The company's 50 day simple moving average is $73.77 and its two-hundred day simple moving average is $73.47. American States Water Company has a 1-year low of $69.45 and a 1-year high of $82.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.23.

American States Water (NYSE:AWR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The business had revenue of $164.28 million during the quarter, compared to analyst estimates of $168.82 million. Analysts expect that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, February 23rd. American States Water's payout ratio is currently 59.94%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of American States Water in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, American States Water currently has an average rating of "Hold" and a consensus target price of $84.00.

American States Water 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.

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