Danske Bank A S Sells 12,176 Shares of American States Water Company $AWR

Danske Bank A S trimmed its stake in American States Water Company (NYSE:AWR) by 95.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 600 shares of the utilities provider’s stock after selling 12,176 shares during the period. Danske Bank A S’s holdings in American States Water were worth $43,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in AWR. Vanguard Group Inc. increased its position in shares of American States Water by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock worth $360,657,000 after acquiring an additional 118,702 shares during the period. First Trust Advisors LP boosted its holdings in shares of American States Water by 9.6% in the third quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock valued at $63,400,000 after purchasing an additional 75,977 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of American States Water by 28.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after purchasing an additional 164,559 shares during the period. Principal Financial Group Inc. grew its stake in American States Water by 55.9% in the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after purchasing an additional 258,388 shares in the last quarter. Finally, Invesco Ltd. grew its stake in American States Water by 0.3% in the second quarter. Invesco Ltd. now owns 584,590 shares of the utilities provider’s stock worth $44,815,000 after purchasing an additional 1,813 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research raised American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

American States Water Stock Up 0.5%

American States Water stock opened at $77.22 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $3.03 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.99 and a beta of 0.60. The business has a fifty day moving average of $75.98 and a two-hundred day moving average of $74.40. American States Water Company has a twelve month low of $69.45 and a twelve month high of $81.24.

American States Water (NYSE:AWR) last released 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 company had revenue of $169.19 million during the quarter, compared to the consensus estimate 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 was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. On average, analysts forecast that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, May 18th. American States Water’s payout ratio is 59.94%.

About American States Water

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.