Magellan Asset Management Ltd Increases Stake in American States Water Company $AWR

Magellan Asset Management Ltd raised its stake in American States Water Company (NYSE:AWR) by 20.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 36,743 shares of the utilities provider’s stock after purchasing an additional 6,172 shares during the quarter. Magellan Asset Management Ltd owned 0.09% of American States Water worth $2,779,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in American States Water by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,887 shares of the utilities provider’s stock valued at $33,550,000 after buying an additional 20,510 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of American States Water in the fourth quarter valued at about $2,379,000. Tudor Investment Corp ET AL increased its position in shares of American States Water by 206.4% in the third quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider’s stock valued at $5,756,000 after acquiring an additional 52,885 shares during the period. Vanguard Group Inc. increased its position in shares of American States Water by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock valued at $360,657,000 after acquiring an additional 118,702 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 valued at $11,157,000 after acquiring an additional 132,929 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AWR. Weiss Ratings raised American States Water from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Zacks Research lowered American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Freedom Capital upgraded American States Water to a “hold” rating in a report on Monday, June 29th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Insider Transactions at American States Water

In other American States Water news, SVP Paul J. Rowley sold 1,304 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $76.05, for a total value of $99,169.20. Following the completion of the sale, the senior vice president directly owned 6,520 shares in the company, valued at $495,846. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Anne M. Holloway sold 662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total value of $50,033.96. Following the transaction, the director owned 39,418 shares in the company, valued at $2,979,212.44. This trade represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by corporate insiders.

American States Water Stock Down 1.9%

Shares of American States Water stock opened at $86.69 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. American States Water Company has a 12-month low of $69.45 and a 12-month high of $90.11. The company has a market cap of $3.40 billion, a P/E ratio of 25.27, a PEG ratio of 3.44 and a beta of 0.59. The company’s fifty day simple moving average is $79.95 and its two-hundred day simple moving average is $76.65.

American States Water (NYSE:AWR) last posted its 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 company had revenue of $169.19 million during 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%.The company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.70 earnings per share. Research analysts anticipate that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 18th. American States Water’s dividend payout ratio is presently 58.89%.

American States Water 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.