Corient Private Wealth LP Invests $2.54 Million in American States Water Company $AWR

Key Points

• Corient Private Wealth LP acquired 30,751 shares of American States Water in the second quarter, valued at approximately $2.54 million and representing 0.08% of the company. Institutional investors and hedge funds collectively own 75.24% of AWR.
• American States Water exceeded quarterly expectations, reporting $1.09 in EPS versus the $0.93 consensus and revenue of $181.29 million, up 11.2% year over year. Analysts’ average rating remains “Hold,” despite mixed upgrades and downgrades.
• The company increased its quarterly dividend to $0.5455, or $2.18 annually, yielding about 2.5%. AWR shares opened at $88.18, near their 52-week high of $91.72.

Corient Private Wealth LP acquired a new position in shares of American States Water Company (NYSE:AWR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 30,751 shares of the utilities provider's stock, valued at approximately $2,541,000. Corient Private Wealth LP owned 0.08% of American States Water as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AWR. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of American States Water in the 2nd quarter valued at about $26,000. State of Wyoming bought a new position in shares of American States Water during the second quarter worth $26,000. IFP Advisors Inc lifted its holdings in American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider's stock worth $40,000 after acquiring 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. Finally, Motiv8 Investments LLC acquired a new position in shares of American States Water in the fourth quarter valued at approximately $45,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AWR shares. Weiss Ratings raised shares of American States Water from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Freedom Capital upgraded American States Water to a "hold" rating in a report on Monday, June 29th. Finally, Zacks Research cut American States Water from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, American States Water has an average rating of "Hold".

American States Water Stock Down 1.1%

Shares of AWR stock opened at $88.18 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. American States Water Company has a 1 year low of $69.45 and a 1 year high of $91.72. The firm's fifty day moving average price is $86.57 and its two-hundred day moving average price is $79.87. The firm has a market capitalization of $3.50 billion, a P/E ratio of 24.16, a PEG ratio of 3.37 and a beta of 0.57.

American States Water (NYSE:AWR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.16. The company had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.87 EPS. On average, equities analysts predict that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th were paid a $0.5455 dividend. This is a positive change from American States Water's previous quarterly dividend of $0.50. This represents a $2.18 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, August 17th. American States Water's dividend payout ratio is 59.73%.

Insiders Place Their Bets

In other American States Water news, Director Anne M. Holloway sold 900 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total transaction of $79,974.00. Following the transaction, the director owned 38,518 shares of the company's stock, valued at $3,422,709.48. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

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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