UniSuper Management Pty Ltd Buys Shares of 14,705 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 bought a new position in shares of American States Water Company (NYSE:AWR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,705 shares of the utilities provider's stock, valued at approximately $1,157,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWR. Mercer Global Advisors Inc. ADV bought a new position in shares of American States Water during the fourth quarter worth $311,000. Bank of America Corp DE boosted its position in shares of American States Water by 107.7% during the fourth quarter. Bank of America Corp DE now owns 137,915 shares of the utilities provider's stock worth $10,719,000 after acquiring an additional 71,501 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of American States Water by 5.0% during the fourth quarter. Captrust Financial Advisors now owns 5,670 shares of the utilities provider's stock worth $441,000 after acquiring an additional 268 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of American States Water by 7.3% during the 4th quarter. Janus Henderson Group PLC now owns 23,262 shares of the utilities provider's stock valued at $1,808,000 after acquiring an additional 1,580 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of American States Water by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,312 shares of the utilities provider's stock valued at $1,812,000 after acquiring an additional 786 shares during the last quarter. Institutional investors own 75.24% of the company's stock.

American States Water Price Performance

AWR stock opened at $73.15 on Thursday. American States Water Company has a 52 week low of $70.29 and a 52 week high of $87.50. The company has a quick ratio of 1.46, a current ratio of 1.56 and a debt-to-equity ratio of 0.97. The company has a fifty day simple moving average of $74.97 and a two-hundred day simple moving average of $77.00. The firm has a market capitalization of $2.82 billion, a P/E ratio of 22.37, 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 data on Wednesday, August 6th. The utilities provider reported $0.87 EPS for the quarter, missing the consensus estimate 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 business 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 business earned $0.85 EPS. American States Water's revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts anticipate that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were given a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a 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 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.

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