Thrivent Financial for Lutherans Cuts Stock Position in American States Water Company $AWR

Thrivent Financial for Lutherans decreased its holdings in American States Water Company (NYSE:AWR) by 34.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,072 shares of the utilities provider’s stock after selling 23,089 shares during the quarter. Thrivent Financial for Lutherans owned 0.11% of American States Water worth $3,232,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AWR. State of Wyoming acquired a new stake in American States Water during the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of American States Water by 337.0% during the second quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock worth $55,000 after acquiring an additional 556 shares during the period. Strs Ohio purchased a new stake in shares of American States Water during the first quarter worth $87,000. Farther Finance Advisors LLC raised its stake in shares of American States Water by 34.2% in the third quarter. Farther Finance Advisors LLC now owns 1,270 shares of the utilities provider’s stock valued at $93,000 after acquiring an additional 324 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in American States Water by 6.2% in the second 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. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Anne M. Holloway sold 528 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total value of $40,075.20. Following the transaction, the director owned 39,145 shares in the company, valued at approximately $2,971,105.50. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.83% of the company’s stock.

American States Water Price Performance

American States Water stock opened at $70.56 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $73.23 and a 200-day simple moving average of $73.63. The stock has a market cap of $2.73 billion, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 3.58 and a beta of 0.69. American States Water Company has a 12-month low of $69.45 and a 12-month high of $82.94.

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.