Teacher Retirement System of Texas Has $1.07 Million Stake in American States Water Company $AWR

Teacher Retirement System of Texas lifted its stake in shares of American States Water Company (NYSE:AWR) by 150.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,616 shares of the utilities provider’s stock after buying an additional 8,776 shares during the quarter. Teacher Retirement System of Texas’ holdings in American States Water were worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in shares of American States Water by 23.7% in the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of American States Water by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock worth $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in American States Water by 768.9% in the first quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock worth $370,000 after buying an additional 4,160 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock worth $22,394,000 after purchasing an additional 25,333 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of American States Water by 2,606.4% in the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after buying an additional 86,402 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

American States Water Price Performance

NYSE AWR opened at $72.05 on Tuesday. The company has a market cap of $2.79 billion, a PE ratio of 21.32, a P/E/G ratio of 3.70 and a beta of 0.69. 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 firm’s 50 day moving average price is $73.45 and its 200-day moving average price is $73.74. American States Water Company has a 52-week low of $69.45 and a 52-week high of $82.94.

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

Insider Transactions at American States Water

In related news, Director Anne M. Holloway sold 528 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total value of $40,075.20. Following the completion of the transaction, the director owned 39,145 shares in the company, valued at $2,971,105.50. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.83% of the stock is owned by company insiders.

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.