UniSuper Management Pty Ltd Invests $1.16 Million in American States Water Company $AWR

Key Points

• UniSuper Management Pty Ltd acquired 14,705 shares of American States Water Company, valued at approximately $1,157,000, during the first quarter, according to a recent SEC filing.
• American States Water Company recently increased its quarterly dividend to $0.504 per share, up from $0.47, with an annualized yield of 2.8%.
• The company reported an EPS of $0.87 for the last quarter, missing estimates, and reported revenue of $163.07 million, which was below consensus expectations.

UniSuper Management Pty Ltd purchased a new stake in American States Water Company (NYSE:AWR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,705 shares of the utilities provider's stock, valued at approximately $1,157,000.

Several other institutional investors have also recently bought and sold shares of the business. NFJ Investment Group LLC raised its stake in American States Water by 99.6% during the first quarter. NFJ Investment Group LLC now owns 78,975 shares of the utilities provider's stock worth $6,214,000 after acquiring an additional 39,418 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $1,943,000 after acquiring an additional 1,388 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in American States Water during the first quarter worth about $4,544,000. Advisors Asset Management Inc. raised its stake in American States Water by 21.4% during the first quarter. Advisors Asset Management Inc. now owns 9,206 shares of the utilities provider's stock worth $724,000 after acquiring an additional 1,620 shares in the last quarter. Finally, Graham Capital Management L.P. raised its stake in American States Water by 17.6% during the first quarter. Graham Capital Management L.P. now owns 11,584 shares of the utilities provider's stock worth $911,000 after acquiring an additional 1,735 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Price Performance

NYSE AWR traded down $0.85 during trading on Tuesday, hitting $71.50. 239,454 shares of the company's stock were exchanged, compared to its average volume of 209,274. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. The company has a market cap of $2.75 billion, a PE ratio of 21.87, a P/E/G ratio of 3.90 and a beta of 0.64. American States Water Company has a fifty-two week low of $70.29 and a fifty-two week high of $87.50. The stock's 50 day moving average price is $74.65 and its two-hundred day moving average price is $76.89.

American States Water (NYSE:AWR - Get Free Report) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The business had revenue of $163.07 million for the quarter, compared to analyst estimates of $170.64 million. American States Water had a return on equity of 13.14% and a net margin of 20.26%.The firm's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. Research analysts expect that American States Water Company will post 3.34 EPS for the current year.

American States Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were issued a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.8%. This is an increase from American States Water's previous quarterly dividend of $0.47. The ex-dividend date was Friday, August 15th. American States Water's dividend payout ratio (DPR) 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.