Robeco Schweiz AG Has $19.15 Million Stock Position in American States Water Company (NYSE:AWR)

Robeco Schweiz AG cut its stake in shares of American States Water Company (NYSE:AWR - Free Report) by 13.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,367 shares of the utilities provider's stock after selling 38,732 shares during the quarter. Robeco Schweiz AG owned 0.63% of American States Water worth $19,148,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of American States Water during the 4th quarter worth $26,000. Federated Hermes Inc. boosted its stake in shares of American States Water by 92.5% during the 4th quarter. Federated Hermes Inc. now owns 439 shares of the utilities provider's stock worth $34,000 after acquiring an additional 211 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of American States Water by 198.9% during the 4th quarter. Jones Financial Companies Lllp now owns 541 shares of the utilities provider's stock worth $42,000 after acquiring an additional 360 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of American States Water by 607.8% during the 4th quarter. Sterling Capital Management LLC now owns 545 shares of the utilities provider's stock worth $42,000 after acquiring an additional 468 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of American States Water by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider's stock worth $60,000 after acquiring an additional 380 shares in the last quarter. 75.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised American States Water from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th.

Insider Buying and Selling at American States Water

In other news, Director Thomas A. Eichelberger acquired 897 shares of American States Water stock in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $76.81 per share, with a total value of $68,898.57. Following the completion of the transaction, the director owned 8,467 shares in the company, valued at approximately $650,350.27. This trade represents a 11.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.83% of the company's stock.

American States Water Stock Down 2.0%

Shares of AWR stock traded down $1.54 on Friday, reaching $75.57. 442,372 shares of the company's stock traded hands, compared to its average volume of 217,278. American States Water Company has a 12-month low of $70.30 and a 12-month high of $87.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $2.91 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 4.16 and a beta of 0.61. The business's 50 day moving average price is $77.99 and its two-hundred day moving average price is $76.93.

American States Water (NYSE:AWR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.70 earnings per share for the quarter, meeting analysts' consensus estimates of $0.70. American States Water had a return on equity of 13.45% and a net margin of 20.22%. The business had revenue of $148.01 million for the quarter, compared to the consensus estimate of $142.00 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. American States Water's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts forecast that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.4655 per share. The ex-dividend date was Monday, May 19th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.46%. American States Water's dividend payout ratio is 57.23%.

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.