Janus Henderson Group PLC Grows Position in American States Water (NYSE:AWR)

Janus Henderson Group PLC boosted its stake in shares of American States Water (NYSE:AWR) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,682 shares of the utilities provider’s stock after purchasing an additional 891 shares during the period. Janus Henderson Group PLC owned about 0.06% of American States Water worth $1,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AWR. Pathway Financial Advisers LLC lifted its position in American States Water by 8,274.7% during the third quarter. Pathway Financial Advisers LLC now owns 309,363 shares of the utilities provider’s stock valued at $25,767,000 after purchasing an additional 305,669 shares in the last quarter. Millennium Management LLC lifted its position in shares of American States Water by 205.5% in the second quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider’s stock valued at $31,974,000 after acquiring an additional 296,361 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of American States Water by 107.1% in the third quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider’s stock valued at $31,815,000 after acquiring an additional 197,556 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of American States Water by 114.0% in the third quarter. Assenagon Asset Management S.A. now owns 271,325 shares of the utilities provider’s stock valued at $22,599,000 after acquiring an additional 144,510 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of American States Water by 182.8% in the second quarter. Victory Capital Management Inc. now owns 220,718 shares of the utilities provider’s stock valued at $16,018,000 after acquiring an additional 142,664 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AWR. Bank of America began coverage on American States Water in a research report on Wednesday. They issued a “neutral” rating and a $85.00 price objective on the stock. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

American States Water Trading Up 0.6 %

Shares of AWR stock opened at $83.23 on Friday. The stock’s 50-day moving average price is $84.13 and its 200-day moving average price is $80.32. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86. American States Water has a 12-month low of $66.03 and a 12-month high of $87.50. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 4.32 and a beta of 0.51.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). American States Water had a return on equity of 13.53% and a net margin of 19.26%. The company had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. During the same period in the previous year, the firm earned $0.85 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.24%. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

About American States Water

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.