State of New Jersey Common Pension Fund D Has $1.85 Million Stake in American States Water Company $AWR

State of New Jersey Common Pension Fund D decreased its position in American States Water Company (NYSE:AWR) by 5.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,076 shares of the utilities provider’s stock after selling 1,516 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of American States Water worth $1,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in American States Water in the 1st quarter worth approximately $87,000. GAMMA Investing LLC boosted its stake in shares of American States Water by 145.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,115 shares of the utilities provider’s stock valued at $162,000 after buying an additional 1,255 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of American States Water by 62.2% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,413 shares of the utilities provider’s stock valued at $187,000 after buying an additional 925 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of American States Water during the 1st quarter valued at $200,000. Finally, Jump Financial LLC acquired a new stake in shares of American States Water during the 1st quarter valued at $202,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Down 0.3%

AWR stock opened at $71.35 on Friday. 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 Company has a 1 year low of $69.85 and a 1 year high of $87.20. The company has a fifty day simple moving average of $73.43 and a 200 day simple moving average of $75.94. The firm has a market cap of $2.75 billion, a PE ratio of 21.82, a PEG ratio of 3.92 and a beta of 0.64.

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

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, November 14th. American States Water’s payout ratio is presently 61.77%.

Wall Street Analysts Forecast Growth

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

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.