Louisiana State Employees Retirement System Purchases Shares of 17,200 American States Water Company $AWR

Louisiana State Employees Retirement System purchased a new position in shares of American States Water Company (NYSE:AWR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,200 shares of the utilities provider’s stock, valued at approximately $1,301,000.

Other hedge funds have also recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of American States Water during the 1st quarter valued at $2,526,000. Krilogy Financial LLC bought a new stake in American States Water in the first quarter worth $238,000. Hsbc Holdings PLC purchased a new stake in American States Water during the fourth quarter valued at about $1,675,000. Invesco Ltd. boosted its position in American States Water by 12.5% during the fourth quarter. Invesco Ltd. now owns 650,286 shares of the utilities provider’s stock valued at $47,133,000 after buying an additional 72,253 shares during the period. Finally, Ameriflex Group Inc. bought a new position in shares of American States Water during the fourth quarter valued at about $59,000. 75.24% of the stock is currently owned by institutional investors.

Insider Transactions at American States Water

In other American States Water news, Director Anne M. Holloway sold 662 shares of the 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 completion of the sale, the director owned 39,418 shares in the company, valued at approximately $2,979,212.44. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Paul J. Rowley sold 1,304 shares of American States Water stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 6,520 shares in the company, valued at approximately $495,846. This represents a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on AWR shares. Freedom Capital upgraded American States Water to a “hold” rating in a report on Monday, June 29th. Zacks Research cut American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

American States Water Trading Up 0.1%

Shares of AWR opened at $84.80 on Friday. The stock has a market capitalization of $3.32 billion, a P/E ratio of 24.72, a PEG ratio of 3.30 and a beta of 0.59. American States Water Company has a twelve month low of $69.45 and a twelve month high of $85.30. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a fifty day simple moving average of $78.12 and a two-hundred day simple moving average of $75.62.

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

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.504 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.02 annualized dividend and a dividend yield of 2.4%. American States Water’s dividend payout ratio (DPR) is presently 58.89%.

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.