Xponance Inc. Boosts Position in American States Water Company (NYSE:AWR)

Xponance Inc. grew its holdings in shares of American States Water Company (NYSE:AWR) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,158 shares of the utilities provider’s stock after buying an additional 182 shares during the period. Xponance Inc.’s holdings in American States Water were worth $248,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of American States Water during the fourth quarter valued at approximately $26,000. Federated Hermes Inc. boosted its holdings in American States Water by 92.5% in 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 in the last quarter. Sterling Capital Management LLC boosted its holdings in American States Water by 607.8% in the fourth quarter. Sterling Capital Management LLC now owns 545 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 468 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in American States Water by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 380 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in American States Water in the fourth quarter worth $65,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th.

American States Water Stock Up 0.2%

AWR stock opened at $75.66 on Friday. American States Water Company has a 1-year low of $70.30 and a 1-year high of $87.50. The business has a fifty day moving average price of $77.55 and a 200-day moving average price of $76.84. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.76. The stock has a market capitalization of $2.91 billion, a P/E ratio of 23.28, a P/E/G ratio of 4.08 and a beta of 0.61.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. The company had revenue of $148.01 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities analysts forecast that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were given a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date was Monday, May 19th. American States Water’s payout ratio is 57.23%.

Insider Buying and Selling

In related news, Director Thomas A. Eichelberger purchased 897 shares of American States Water stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $76.81 per share, for a total transaction of $68,898.57. Following the completion of the transaction, the director directly owned 8,467 shares in the company, valued at $650,350.27. This represents a 11.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.83% of the stock is currently owned by insiders.

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.