Deutsche Bank AG Acquires New Stake in American States Water Company $AWR

Key Points

• Deutsche Bank acquired 70,001 shares of American States Water in the second quarter, worth approximately $5.8 million and representing about 0.18% of the company. Institutional investors collectively own 75.24% of AWR.
• American States Water reported stronger-than-expected quarterly results, with EPS of $1.09 versus estimates of $0.93 and revenue of $181.29 million, up 11.2% year over year.
• The company raised its quarterly dividend to $0.5455 per share, equivalent to an annualized $2.18 dividend and a 2.4% yield. Analysts maintain a consensus “Hold” rating, while the stock recently traded near its 52-week high.

Deutsche Bank AG bought a new position in American States Water Company (NYSE:AWR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,001 shares of the utilities provider's stock, valued at approximately $5,784,000. Deutsche Bank AG owned about 0.18% of American States Water as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its position in American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider's stock worth $256,000 after acquiring an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of American States Water by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider's stock valued at $1,943,000 after acquiring an additional 1,388 shares during the period. Jones Financial Companies Lllp increased its stake in shares of American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider's stock worth $370,000 after purchasing an additional 4,160 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider's stock worth $22,394,000 after purchasing an additional 25,333 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in American States Water by 2,606.4% in the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider's stock worth $7,059,000 after purchasing an additional 86,402 shares during the period. Institutional investors own 75.24% of the company's stock.

American States Water Trading Up 2.7%

AWR stock opened at $90.99 on Tuesday. American States Water Company has a 1-year low of $69.45 and a 1-year high of $91.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 3.35 and a beta of 0.57. The business has a 50 day simple moving average of $84.98 and a two-hundred day simple moving average of $78.99.

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, beating analysts' consensus estimates of $0.93 by $0.16. The company had revenue of $181.29 million for 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%. American States Water's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Research analysts anticipate that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be given a dividend of $0.5455 per share. The ex-dividend date is Monday, August 17th. 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 dividend yield of 2.4%. American States Water's dividend payout ratio (DPR) is 59.73%.

Insider Activity

In other news, Director Anne M. Holloway sold 900 shares of American States Water stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the sale, the director directly owned 38,518 shares of the company's stock, valued at approximately $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

AWR has been the topic of several analyst reports. Freedom Capital upgraded American States Water to a "hold" rating in a research report on Monday, June 29th. Weiss Ratings raised American States Water from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. 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 equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

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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