SG Americas Securities LLC Has $3.67 Million Stake in American States Water Company (NYSE:AWR)

SG Americas Securities LLC grew its position in American States Water Company (NYSE:AWR - Free Report) by 224.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,590 shares of the utilities provider's stock after acquiring an additional 32,244 shares during the period. SG Americas Securities LLC owned about 0.12% of American States Water worth $3,666,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AWR. Arizona State Retirement System grew its stake in American States Water by 1.4% in the 4th quarter. Arizona State Retirement System now owns 10,871 shares of the utilities provider's stock valued at $845,000 after acquiring an additional 151 shares during the period. Allworth Financial LP lifted its holdings in American States Water by 15.0% during the fourth quarter. Allworth Financial LP now owns 1,262 shares of the utilities provider's stock valued at $91,000 after purchasing an additional 165 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of American States Water by 1.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 18,300 shares of the utilities provider's stock valued at $1,422,000 after purchasing an additional 200 shares during the period. Summit Investment Advisors Inc. grew its position in shares of American States Water by 5.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,900 shares of the utilities provider's stock valued at $303,000 after purchasing an additional 201 shares during the period. Finally, Federated Hermes Inc. increased its stake in shares of American States Water by 92.5% during the fourth quarter. Federated Hermes Inc. now owns 439 shares of the utilities provider's stock worth $34,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Trading Up 0.4%

AWR traded up $0.31 on Tuesday, reaching $77.52. 205,256 shares of the company's stock were exchanged, compared to its average volume of 216,456. American States Water Company has a twelve month low of $70.03 and a twelve month high of $87.50. The company's 50 day moving average is $78.73 and its 200-day moving average is $77.46. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 4.17 and a beta of 0.62. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.76 and a current ratio of 0.81.

American States Water (NYSE:AWR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. The firm had revenue of $148.01 million during the quarter, compared to the consensus estimate of $142.00 million. American States Water had a return on equity of 13.45% and a net margin of 20.22%. American States Water's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. Equities analysts predict that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Monday, May 19th. American States Water's dividend payout ratio is currently 57.23%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AWR. Wall Street Zen raised shares of American States Water from a "sell" rating to a "hold" rating in a report on Saturday, March 8th. Wells Fargo & Company upgraded American States Water from an "underweight" rating to an "equal weight" rating and lifted their price objective for the company from $76.00 to $84.00 in a research note on Thursday, May 8th.

Insider Buying and Selling at American States Water

In related news, Director Thomas A. Eichelberger acquired 897 shares of the business's stock in a transaction dated Friday, June 6th. The stock was acquired at an average price of $76.81 per share, with a total value of $68,898.57. Following the completion of the transaction, the director now owns 8,467 shares of the company's stock, valued at approximately $650,350.27. This represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.83% of the stock is currently owned by corporate insiders.

About American States Water

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.