Vanguard Personalized Indexing Management LLC Increases Stock Position in American States Water Company $AWR

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of American States Water Company (NYSE:AWR) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,890 shares of the utilities provider’s stock after acquiring an additional 979 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American States Water were worth $375,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AWR. Golden State Wealth Management LLC grew its position in shares of American States Water by 100.0% during 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 during the last quarter. Strs Ohio purchased a new position in shares of American States Water during the first quarter worth approximately $87,000. GAMMA Investing LLC grew its position in shares of American States Water by 145.9% during the second quarter. GAMMA Investing LLC now owns 2,115 shares of the utilities provider’s stock worth $162,000 after acquiring an additional 1,255 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of American States Water by 62.2% during the first quarter. Smartleaf Asset Management LLC now owns 2,413 shares of the utilities provider’s stock worth $187,000 after acquiring an additional 925 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of American States Water during the first quarter worth approximately $200,000. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Stock Performance

NYSE:AWR opened at $76.52 on Friday. The firm’s fifty day moving average price is $73.56 and its 200 day moving average price is $76.07. American States Water Company has a 1-year low of $69.85 and a 1-year high of $87.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 4.11 and a beta of 0.64.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $170.64 million. During the same quarter last year, the business earned $0.85 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts expect that American States Water Company will post 3.34 EPS for the current year.

American States Water Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Friday, August 15th were given a $0.504 dividend. This is a positive change from American States Water’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, August 15th. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. American States Water’s payout ratio is 61.77%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American States Water presently has a consensus rating of “Reduce” and a consensus target price of $77.50.

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.