American States Water Company $AWR Shares Acquired by NFJ Investment Group LLC

Key Points

• NFJ Investment Group LLC increased its stake in American States Water Company by 99.6%, holding approximately 78,975 shares worth about $6.2 million as of the latest filing.
• American States Water recently declared a quarterly dividend of $0.504 per share, an increase from the previous quarterly dividend of $0.47, representing a 2.7% dividend yield.
• The company's quarterly earnings report reflected earnings per share of $0.87, falling short of analysts' expectations of $0.92, with a revenue of $163.07 million compared to projected figures.

NFJ Investment Group LLC boosted its holdings in shares of American States Water Company (NYSE:AWR - Free Report) by 99.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,975 shares of the utilities provider's stock after buying an additional 39,418 shares during the quarter. NFJ Investment Group LLC owned approximately 0.21% of American States Water worth $6,214,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in American States Water in the fourth quarter worth $26,000. Golden State Wealth Management LLC grew its holdings in American States Water by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider's stock worth $60,000 after purchasing an additional 380 shares during the last quarter. Ameriflex Group Inc. purchased a new position in American States Water in the fourth quarter worth $78,000. State of Wyoming purchased a new position in American States Water in the fourth quarter worth $114,000. Finally, Raiffeisen Bank International AG purchased a new position in American States Water in the fourth quarter worth $179,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Up 0.0%

NYSE AWR traded up $0.01 on Thursday, hitting $73.15. The stock had a trading volume of 71,719 shares, compared to its average volume of 222,962. The business's fifty day moving average price is $74.97 and its 200 day moving average price is $77.00. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46. American States Water Company has a 52-week low of $70.29 and a 52-week high of $87.50. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 3.97 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 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 during the quarter, compared to analysts' expectations of $170.64 million. During the same period in the prior year, the firm posted $0.85 earnings per share. American States Water's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that American States Water Company will post 3.34 earnings per share for the current 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 paid a dividend of $0.504 per share. The ex-dividend date was Friday, August 15th. This is an increase from American States Water's previous quarterly dividend of $0.47. This represents a $2.02 annualized dividend and a dividend yield of 2.8%. American States Water's payout ratio is presently 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.