Assenagon Asset Management S.A. Buys 118,011 Shares of American States Water Company $AWR

Assenagon Asset Management S.A. boosted its stake in shares of American States Water Company (NYSE:AWR) by 436.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,037 shares of the utilities provider’s stock after buying an additional 118,011 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.38% of American States Water worth $10,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AWR. Cozad Asset Management Inc. raised its position in shares of American States Water by 0.5% during the second quarter. Cozad Asset Management Inc. now owns 27,051 shares of the utilities provider’s stock worth $2,074,000 after acquiring an additional 138 shares during the last quarter. Smartleaf Asset Management LLC increased its position in American States Water by 6.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 150 shares during the period. Handelsbanken Fonder AB raised its holdings in American States Water by 1.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 13,834 shares of the utilities provider’s stock worth $1,061,000 after purchasing an additional 169 shares during the last quarter. Amalgamated Bank raised its holdings in American States Water by 1.7% during the 2nd quarter. Amalgamated Bank now owns 10,944 shares of the utilities provider’s stock worth $839,000 after purchasing an additional 181 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of American States Water by 6.5% in the 2nd quarter. Wealthfront Advisers LLC now owns 3,115 shares of the utilities provider’s stock worth $239,000 after purchasing an additional 190 shares during the period. Institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American States Water news, Director Anne M. Holloway sold 528 shares of American States Water stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $75.90, for a total value of $40,075.20. Following the completion of the sale, the director directly owned 39,145 shares of the company’s stock, valued at approximately $2,971,105.50. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.83% of the company’s stock.

Analysts Set New Price Targets

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

American States Water Trading Down 1.2%

Shares of AWR stock opened at $73.08 on Friday. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $82.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.27. The stock has a 50 day simple moving average of $73.96 and a two-hundred day simple moving average of $74.57. The company has a market cap of $2.83 billion, a P/E ratio of 21.62, a PEG ratio of 3.90 and a beta of 0.70.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $182.72 million for the quarter, compared to analysts’ expectations of $178.79 million. American States Water had a return on equity of 13.26% and a net margin of 20.43%.The company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Research analysts forecast that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th were issued a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, November 14th. American States Water’s dividend payout ratio (DPR) is presently 59.47%.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.