Y Intercept Hong Kong Ltd Lowers Stock Holdings in American States Water Company $AWR

Y Intercept Hong Kong Ltd cut its stake in shares of American States Water Company (NYSE:AWR) by 72.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,912 shares of the utilities provider’s stock after selling 20,885 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in American States Water were worth $598,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley increased its stake in American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after buying an additional 758,452 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of American States Water by 28.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock worth $53,495,000 after acquiring an additional 164,559 shares during the period. Franklin Resources Inc. increased its stake in shares of American States Water by 512.8% during the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock worth $13,780,000 after acquiring an additional 157,276 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American States Water by 632.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $11,157,000 after purchasing an additional 132,929 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in American States Water by 238.3% during the third quarter. Qube Research & Technologies Ltd now owns 174,361 shares of the utilities provider’s stock worth $12,784,000 after purchasing an additional 122,823 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AWR shares. Freedom Capital raised American States Water to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised American States Water from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

American States Water Trading Up 0.6%

Shares of AWR opened at $84.99 on Tuesday. American States Water Company has a twelve month low of $69.45 and a twelve month high of $85.63. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $3.33 billion, a P/E ratio of 24.78, a PEG ratio of 3.29 and a beta of 0.59. The firm’s 50-day moving average is $78.74 and its two-hundred day moving average is $76.06.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.American States Water’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $0.70 EPS. On average, research analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, May 18th. American States Water’s payout ratio is currently 58.60%.

Insider Activity at American States Water

In other news, SVP Paul J. Rowley sold 1,304 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $76.05, for a total value of $99,169.20. Following the sale, the senior vice president directly owned 6,520 shares in the company, valued at $495,846. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Holloway sold 662 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total value of $50,033.96. Following the sale, the director directly owned 39,418 shares in the company, valued at approximately $2,979,212.44. The trade was a 1.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.90% of the company’s stock.

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.