Weiss Ratings Reiterates "Hold (C)" Rating for American States Water (NYSE:AWR)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for American States Water (NYSE:AWR) in a recent research report.
• The company reported $0.87 EPS for the last quarter, which was below the consensus estimate of $0.92.
• Institutional investors have increased their stakes, with Assenagon Asset Management raising its position by 436.7% in the third quarter.

American States Water (NYSE:AWR - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

American States Water Stock Performance

Shares of AWR traded up $0.77 during trading hours on Wednesday, hitting $72.35. The stock had a trading volume of 217,019 shares, compared to its average volume of 231,488. 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 has a 12 month low of $69.85 and a 12 month high of $87.50. The firm has a market capitalization of $2.79 billion, a PE ratio of 22.13, a PEG ratio of 3.81 and a beta of 0.64. The stock has a fifty day moving average price of $73.61 and a 200 day moving average price of $76.24.

American States Water (NYSE:AWR - Get Free Report) last issued 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 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 the consensus estimate of $170.64 million. During the same period in the previous year, the firm earned $0.85 EPS. The business's revenue was up 5.0% on a year-over-year basis. Analysts anticipate that American States Water will post 3.34 EPS for the current year.

Institutional Investors Weigh In On American States Water

A number of hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its stake in American States Water by 436.7% during the third quarter. Assenagon Asset Management S.A. now owns 145,037 shares of the utilities provider's stock valued at $10,634,000 after buying an additional 118,011 shares during the last quarter. HCR Wealth Advisors boosted its stake in American States Water by 19.7% during the third quarter. HCR Wealth Advisors now owns 13,738 shares of the utilities provider's stock valued at $967,000 after buying an additional 2,257 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in American States Water by 29.0% during the second quarter. Thrivent Financial for Lutherans now owns 67,161 shares of the utilities provider's stock valued at $5,148,000 after buying an additional 15,099 shares during the last quarter. Cim LLC raised its position in American States Water by 5.0% during the second quarter. Cim LLC now owns 5,472 shares of the utilities provider's stock valued at $419,000 after purchasing an additional 262 shares during the period. Finally, State of Wyoming purchased a new stake in American States Water during the second quarter valued at approximately $26,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

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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