American States Water (NYSE:AWR) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in American States Water (NYSE:AWR) by 61.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 934 shares of the utilities provider’s stock after selling 1,470 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in American States Water were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFO Wealth Partners LLC raised its holdings in American States Water by 44,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 441 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 440 shares during the last quarter. Cullen Capital Management LLC increased its holdings in shares of American States Water by 42.2% in the fourth quarter. Cullen Capital Management LLC now owns 4,975 shares of the utilities provider’s stock valued at $400,000 after purchasing an additional 1,476 shares during the last quarter. Dean Capital Management grew its holdings in American States Water by 2.2% in the 4th quarter. Dean Capital Management now owns 19,706 shares of the utilities provider’s stock valued at $1,585,000 after buying an additional 419 shares in the last quarter. Clarity Asset Management Inc. purchased a new stake in shares of American States Water in the fourth quarter valued at about $76,000. Finally, Virtu Financial LLC purchased a new stake in shares of American States Water in the 4th quarter valued at approximately $200,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Price Performance

Shares of NYSE:AWR opened at $83.78 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $82.31 and a 200 day moving average price of $76.18. American States Water has a 52 week low of $66.03 and a 52 week high of $85.71. The company has a market cap of $3.14 billion, a P/E ratio of 27.38, a PEG ratio of 4.42 and a beta of 0.49.

American States Water (NYSE:AWR) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). American States Water had a return on equity of 13.45% and a net margin of 18.85%. The business had revenue of $155.30 million during the quarter, compared to analysts’ expectations of $138.00 million. During the same quarter in the previous year, the company posted $0.83 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. Research analysts predict that American States Water will post 3.03 earnings per share for the current year.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were issued a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.86 dividend on an annualized basis and a yield of 2.22%. This is an increase from American States Water’s previous quarterly dividend of $0.43. American States Water’s payout ratio is currently 60.78%.

Insider Buying and Selling at American States Water

In other news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the transaction, the director now owns 38,519 shares in the company, valued at $3,115,801.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AWR shares. StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $80.00 to $87.00 in a research note on Wednesday, July 31st.

American States Water Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.