30,751 Shares in American States Water Company $AWR Bought by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in shares of American States Water Company (NYSE:AWR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,751 shares of the utilities provider’s stock, valued at approximately $2,541,000.

Other large investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. increased its stake in shares of American States Water by 23.7% during the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American States Water by 6.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock worth $1,943,000 after purchasing an additional 1,388 shares during the period. Jones Financial Companies Lllp increased its position in American States Water by 768.9% during the first quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock worth $370,000 after buying an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in American States Water by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after buying an additional 25,333 shares during the period. Finally, Jane Street Group LLC raised its stake in American States Water by 2,606.4% in the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock valued at $7,059,000 after buying an additional 86,402 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Down 1.1%

American States Water stock opened at $88.18 on Thursday. The stock has a market cap of $3.50 billion, a P/E ratio of 24.16, a P/E/G ratio of 3.37 and a beta of 0.57. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.75. American States Water Company has a twelve month low of $69.45 and a twelve month high of $91.72. The company’s 50-day moving average price is $86.57 and its two-hundred day moving average price is $79.87.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.16. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The firm had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. During the same period last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, analysts expect that American States Water Company will post 3.68 EPS for the current year.

American States Water Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were issued a dividend of $0.5455 per share. This represents a $2.18 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. This is an increase from American States Water’s previous quarterly dividend of $0.50. American States Water’s payout ratio is 59.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AWR. Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Freedom Capital upgraded shares of American States Water to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, American States Water has an average rating of “Hold”.

Insiders Place Their Bets

In related news, Director Anne M. Holloway sold 900 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the sale, the director directly owned 38,518 shares in the company, valued at $3,422,709.48. The trade was a 2.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.