57,757 Shares in American States Water Company $AWR Purchased by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired 57,757 shares of American States Water Company, totaling approximately $4.54 million, representing about 0.15% of the company's stock.
• The quarterly earnings report revealed that American States Water missed expectations with an EPS of $0.87, compared to the estimated $0.92.
• The company announced an increased quarterly dividend of $0.504 per share, up from $0.47, representing an annual yield of 2.7%.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of American States Water Company (NYSE:AWR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,757 shares of the utilities provider's stock, valued at approximately $4,544,000. Jacobs Levy Equity Management Inc. owned 0.15% of American States Water at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Xponance Inc. boosted its holdings in American States Water by 6.1% during the first quarter. Xponance Inc. now owns 3,158 shares of the utilities provider's stock valued at $248,000 after acquiring an additional 182 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in American States Water by 2.1% during the first quarter. Creative Financial Designs Inc. ADV now owns 8,849 shares of the utilities provider's stock valued at $696,000 after acquiring an additional 186 shares during the period. Captrust Financial Advisors boosted its holdings in American States Water by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 5,670 shares of the utilities provider's stock valued at $441,000 after acquiring an additional 268 shares during the period. Parallel Advisors LLC boosted its holdings in American States Water by 12.2% during the first quarter. Parallel Advisors LLC now owns 2,853 shares of the utilities provider's stock valued at $224,000 after acquiring an additional 310 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in American States Water during the fourth quarter valued at about $26,000. 75.24% of the stock is currently owned by institutional investors.

American States Water Stock Performance

AWR stock traded down $0.32 during mid-day trading on Friday, reaching $73.16. 304,196 shares of the stock traded hands, compared to its average volume of 204,633. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 0.97. American States Water Company has a 52 week low of $70.29 and a 52 week high of $87.50. The business has a 50-day moving average of $74.82 and a two-hundred day moving average of $76.96. The firm has a market capitalization of $2.82 billion, a PE ratio of 22.37, a P/E/G ratio of 3.95 and a beta of 0.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). American States Water had a net margin of 20.26% and a return on equity of 13.14%. The firm had revenue of $163.07 million for the quarter, compared to the consensus estimate of $170.64 million. During the same quarter last year, the company earned $0.85 earnings per share. The firm's revenue was up 5.0% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were given a dividend of $0.504 per share. This is an increase from American States Water's previous quarterly dividend of $0.47. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, August 15th. American States Water's dividend payout ratio (DPR) is currently 61.77%.

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.