American States Water Company (NYSE:AWR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in American States Water Company (NYSE:AWR) by 2.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,955 shares of the utilities provider’s stock after selling 367 shares during the period. Yousif Capital Management LLC’s holdings in American States Water were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in AWR. Arizona State Retirement System lifted its position in American States Water by 1.4% in the fourth quarter. Arizona State Retirement System now owns 10,871 shares of the utilities provider’s stock valued at $845,000 after purchasing an additional 151 shares during the period. Allworth Financial LP increased its stake in shares of American States Water by 15.0% during the 4th quarter. Allworth Financial LP now owns 1,262 shares of the utilities provider’s stock worth $91,000 after purchasing an additional 165 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in American States Water by 5.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,900 shares of the utilities provider’s stock worth $303,000 after acquiring an additional 201 shares during the last quarter. Federated Hermes Inc. boosted its position in 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 acquiring an additional 211 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in 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. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Performance

Shares of NYSE AWR opened at $77.87 on Thursday. The stock has a fifty day moving average price of $78.78 and a two-hundred day moving average price of $77.47. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.76 and a current ratio of 0.81. The firm has a market cap of $3.00 billion, a P/E ratio of 23.96, a PEG ratio of 4.18 and a beta of 0.62. American States Water Company has a 1 year low of $70.03 and a 1 year high of $87.50.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, May 7th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.70. American States Water had a return on equity of 13.45% and a net margin of 20.22%. The company had revenue of $148.01 million during the quarter, compared to analyst estimates of $142.00 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Research analysts forecast that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were paid a $0.4655 dividend. This represents a $1.86 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend was Monday, May 19th. American States Water’s payout ratio is presently 57.23%.

Insider Activity at American States Water

In other news, Director Thomas A. Eichelberger bought 897 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was bought at an average price of $76.81 per share, for a total transaction of $68,898.57. Following the completion of the purchase, the director now owns 8,467 shares of the company’s stock, valued at approximately $650,350.27. The trade was a 11.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AWR. Wall Street Zen upgraded 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 boosted their price target for the stock from $76.00 to $84.00 in a research note on Thursday, May 8th.

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.