American States Water Company $AWR Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its stake in shares of American States Water Company (NYSE:AWR) by 63.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,302 shares of the utilities provider’s stock after selling 23,006 shares during the period. Squarepoint Ops LLC’s holdings in American States Water were worth $1,020,000 as of its most recent SEC filing.

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

Insider Activity at American States Water

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

Wall Street Analysts Forecast Growth

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

American States Water Stock Performance

Shares of American States Water stock opened at $73.08 on Monday. The firm has a market cap of $2.83 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 3.90 and a beta of 0.70. The company has a quick ratio of 1.18, a current ratio of 1.27 and a debt-to-equity ratio of 0.90. American States Water Company has a 52 week low of $69.45 and a 52 week high of $82.94. The business’s fifty day simple moving average is $73.96 and its 200-day simple moving average is $74.55.

American States Water (NYSE:AWR) last issued its quarterly earnings data 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. American States Water had a return on equity of 13.26% and a net margin of 20.43%.The firm had revenue of $182.72 million during the quarter, compared to the consensus estimate of $178.79 million. During the same period last year, the company earned $0.95 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, November 14th. American States Water’s payout ratio is 59.76%.

American States Water 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.