American States Water (NYSE:AWR) Shares Sold by Atom Investors LP

Atom Investors LP reduced its stake in shares of American States Water (NYSE:AWR) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,949 shares of the utilities provider’s stock after selling 12,935 shares during the quarter. American States Water accounts for approximately 0.8% of Atom Investors LP’s holdings, making the stock its 25th largest holding. Atom Investors LP owned about 0.24% of American States Water worth $7,409,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of American States Water by 13.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 33,508 shares of the utilities provider’s stock worth $2,421,000 after purchasing an additional 4,060 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of American States Water by 63.2% during the first quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock valued at $1,966,000 after acquiring an additional 10,538 shares in the last quarter. Tidal Investments LLC increased its position in shares of American States Water by 242.6% during the first quarter. Tidal Investments LLC now owns 11,100 shares of the utilities provider’s stock worth $802,000 after acquiring an additional 7,860 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of American States Water in the first quarter worth about $533,000. Finally, GAMMA Investing LLC grew its stake in American States Water by 702.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the utilities provider’s stock valued at $81,000 after purchasing an additional 976 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American States Water Stock Performance

Shares of American States Water stock opened at $85.31 on Monday. The firm has a market cap of $3.20 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 4.48 and a beta of 0.49. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The firm’s 50-day simple moving average is $84.15 and its 200-day simple moving average is $79.96. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $161.78 million during the quarter, compared to analyst estimates of $161.00 million. During the same period last year, the business earned $0.85 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that American States Water will post 3.02 earnings per share for the current fiscal year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.4655 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.18%. American States Water’s payout ratio is 62.63%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.