American States Water Company $AWR Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC grew its position in American States Water Company (NYSE:AWR) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,348 shares of the utilities provider’s stock after buying an additional 393 shares during the quarter. Yousif Capital Management LLC’s holdings in American States Water were worth $1,100,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Xponance Inc. grew its stake in shares of American States Water by 6.1% in the first quarter. Xponance Inc. now owns 3,158 shares of the utilities provider’s stock valued at $248,000 after buying an additional 182 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of American States Water by 2.1% in the first quarter. Creative Financial Designs Inc. ADV now owns 8,849 shares of the utilities provider’s stock valued at $696,000 after buying an additional 186 shares in the last quarter. Blair William & Co. IL grew its stake in shares of American States Water by 9.6% in the second quarter. Blair William & Co. IL now owns 3,447 shares of the utilities provider’s stock valued at $264,000 after buying an additional 302 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of American States Water by 2.6% in the first quarter. Cetera Investment Advisers now owns 14,460 shares of the utilities provider’s stock valued at $1,138,000 after buying an additional 371 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of 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 valued at $60,000 after buying an additional 380 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American States Water has a consensus rating of “Reduce” and an average price target of $77.50.

American States Water Trading Down 0.6%

NYSE:AWR opened at $76.55 on Wednesday. The firm has a market cap of $2.95 billion, a PE ratio of 23.41, a price-to-earnings-growth ratio of 4.16 and a beta of 0.64. The stock has a fifty day moving average price of $73.54 and a 200 day moving average price of $76.06. American States Water Company has a 12-month low of $69.85 and a 12-month high of $87.20. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The company had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.85 earnings per share. Sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were issued a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. This is a boost 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 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.