Campbell & CO Investment Adviser LLC Invests $1.47 Million in American States Water Company $AWR

Key Points

• Campbell & CO Investment Adviser LLC acquired a new position in American States Water Company, investing approximately $1.47 million for 18,687 shares.
• American States Water Company's quarterly earnings report revealed $0.87 earnings per share, missing the consensus estimate by $0.05.
• The company announced an increased quarterly dividend of $0.504, up from $0.47, reflecting a yield of 2.7%.

Campbell & CO Investment Adviser LLC bought a new position in shares of American States Water Company (NYSE:AWR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,687 shares of the utilities provider's stock, valued at approximately $1,470,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in shares of American States Water during the fourth quarter worth about $26,000. Golden State Wealth Management LLC increased its position in shares of American States Water by 100.0% during the first 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. Ameriflex Group Inc. bought a new stake in shares of American States Water during the fourth quarter worth about $78,000. State of Wyoming bought a new stake in shares of American States Water during the fourth quarter worth about $114,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of American States Water during the fourth quarter worth about $179,000. 75.24% of the stock is owned by institutional investors.

American States Water Stock Down 1.2%

American States Water stock opened at $74.74 on Tuesday. American States Water Company has a fifty-two week low of $70.29 and a fifty-two week high of $87.50. The stock has a market cap of $2.88 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.62. The firm's 50-day simple moving average is $75.85 and its 200 day simple moving average is $77.08. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.56.

American States Water (NYSE:AWR - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). American States Water had a return on equity of 13.14% and a net margin of 20.26%.The firm had revenue of $163.07 million for the quarter, compared to analysts' expectations of $170.64 million. During the same quarter last year, the firm posted $0.85 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be paid a $0.504 dividend. The ex-dividend date is Friday, August 15th. This is a positive change from American States Water's previous quarterly dividend of $0.47. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. American States Water's dividend payout ratio is presently 61.77%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded shares of American States Water from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $76.00 to $84.00 in a report on Thursday, May 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American States Water currently has a consensus rating of "Reduce" and a consensus price target of $77.50.

Insiders Place Their Bets

In related news, Director Thomas A. Eichelberger bought 897 shares of the company's stock in a transaction on Friday, June 6th. The shares were purchased at an average cost of $76.81 per share, for a total transaction of $68,898.57. Following the completion of the purchase, the director directly owned 8,467 shares in the company, valued at $650,350.27. The trade was a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.83% of the stock is currently owned by insiders.

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.

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