Jupiter Topco LLC Takes Position in American States Water Company $AWR

Key Points

• Jupiter Topco LLC acquired 16,496 shares of American States Water in the second quarter, valued at approximately $1.36 million. Institutional investors collectively own 75.24% of the company.
• American States Water reported stronger-than-expected quarterly results, with earnings of $1.09 per share and revenue of $181.29 million, representing 11.2% year-over-year growth.
• The company increased its quarterly dividend to $0.5455 per share, or $2.18 annualized, yielding about 2.5%. Analysts maintain a consensus “Hold” rating on the stock.

Jupiter Topco LLC acquired a new stake in American States Water Company (NYSE:AWR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,496 shares of the utilities provider's stock, valued at approximately $1,364,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baird Financial Group Inc. lifted its stake in shares of American States Water by 23.7% during the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider's stock worth $256,000 after buying an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of American States Water by 6.0% during the first 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 last quarter. Jones Financial Companies Lllp raised its holdings in 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 valued at $370,000 after acquiring an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of American States Water by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider's stock valued at $22,394,000 after purchasing an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in American States Water by 2,606.4% during the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider's stock worth $7,059,000 after buying an additional 86,402 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Performance

Shares of AWR opened at $88.27 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average price of $86.87 and a 200 day moving average price of $80.04. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.39 and a beta of 0.57. American States Water Company has a 52-week low of $69.45 and a 52-week high of $91.72.

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

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th were issued a $0.5455 dividend. The ex-dividend date of this dividend was 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 2.5%. American States Water's dividend payout ratio is currently 59.73%.

Insider Buying and Selling at American States Water

In related news, Director Anne Holloway sold 900 shares of the business's 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 transaction, the director owned 38,518 shares in the company, valued at $3,422,709.48. The trade was a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

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