Creative Financial Designs Inc. ADV Lowers Position in American States Water Company $AWR

Creative Financial Designs Inc. ADV lessened its stake in shares of American States Water Company (NYSE:AWR) by 83.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,419 shares of the utilities provider’s stock after selling 7,133 shares during the period. Creative Financial Designs Inc. ADV’s holdings in American States Water were worth $104,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Baird Financial Group Inc. grew its stake in shares of American States Water by 23.7% during the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock valued at $256,000 after acquiring an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in American States Water by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after purchasing an additional 1,388 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of 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 purchasing an additional 4,160 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of American States Water by 9.8% in the first 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 raised its position in shares of American States Water by 2,606.4% during the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock valued at $7,059,000 after purchasing an additional 86,402 shares during the period. Institutional investors own 75.24% of the company’s stock.

American States Water Stock Performance

Shares of NYSE AWR opened at $76.43 on Wednesday. The company has a market cap of $2.99 billion, a P/E ratio of 22.68, a P/E/G ratio of 3.80 and a beta of 0.69. American States Water Company has a 52-week low of $69.45 and a 52-week high of $82.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.23 and a current ratio of 1.32. The firm’s fifty day moving average is $73.36 and its two-hundred day moving average is $73.50.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The firm had revenue of $164.28 million during the quarter, compared to analyst estimates of $168.82 million. As a group, analysts anticipate that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, February 23rd will be paid a $0.504 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. American States Water’s payout ratio is presently 59.94%.

Wall Street Analyst Weigh In

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

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.