AlphaQuest LLC Purchases New Stake in American States Water Company $AWR

AlphaQuest LLC acquired a new position in shares of American States Water Company (NYSE:AWR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,894 shares of the utilities provider’s stock, valued at approximately $945,000.

Several other institutional investors and hedge funds also recently bought and sold shares of AWR. Arizona State Retirement System grew its holdings in shares of American States Water by 1.4% in the third quarter. Arizona State Retirement System now owns 11,395 shares of the utilities provider’s stock valued at $835,000 after purchasing an additional 156 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in American States Water by 216.1% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,124 shares of the utilities provider’s stock worth $1,769,000 after acquiring an additional 16,493 shares during the period. Teacher Retirement System of Texas raised its holdings in American States Water by 150.3% during the third quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 8,776 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of American States Water by 13.7% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 9,648 shares of the utilities provider’s stock valued at $707,000 after purchasing an additional 1,164 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in American States Water by 59.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 18,386 shares of the utilities provider’s stock valued at $1,316,000 after purchasing an additional 6,821 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American States Water news, Director Anne M. Holloway sold 528 shares of the stock in a transaction 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 sale, the director directly owned 39,145 shares of the company’s stock, valued at approximately $2,971,105.50. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, American States Water currently has an average rating of “Hold” and an average target price of $84.00.

American States Water Trading Down 1.2%

NYSE AWR opened at $72.05 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.18 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 company’s fifty day simple moving average is $73.45 and its 200-day simple moving average is $73.74. The stock has a market cap of $2.79 billion, a P/E ratio of 21.32, a PEG ratio of 3.70 and a beta of 0.69.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.06 earnings per share for the quarter, beating 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 analyst estimates of $178.79 million. During the same quarter last year, the firm earned $0.95 EPS. American States Water’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

About American States Water

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.