Dean Capital Management Makes New Investment in American States Water Company $AWR

Dean Capital Management bought a new position in American States Water Company (NYSE:AWR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,678 shares of the utilities provider’s stock, valued at approximately $3,530,000. American States Water makes up approximately 1.5% of Dean Capital Management’s investment portfolio, making the stock its 10th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Waverly Advisors LLC bought a new position in American States Water during the first quarter worth $325,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in American States Water in the first quarter valued at $1,764,000. Renaissance Technologies LLC raised its holdings in shares of American States Water by 131.1% during the first quarter. Renaissance Technologies LLC now owns 105,600 shares of the utilities provider’s stock valued at $7,985,000 after purchasing an additional 59,900 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of American States Water by 218.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 102,980 shares of the utilities provider’s stock valued at $7,787,000 after purchasing an additional 70,613 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of American States Water by 7.2% during the 1st quarter. Cetera Investment Advisers now owns 56,609 shares of the utilities provider’s stock worth $4,281,000 after purchasing an additional 3,826 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

American States Water Trading Down 0.0%

NYSE AWR opened at $86.39 on Monday. 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 business has a fifty day simple moving average of $80.55 and a 200 day simple moving average of $76.96. American States Water Company has a 12 month low of $69.45 and a 12 month high of $90.11. The firm has a market capitalization of $3.39 billion, a P/E ratio of 25.19, a PEG ratio of 3.36 and a beta of 0.59.

American States Water (NYSE:AWR) last posted 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). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The firm had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the prior year, the firm earned $0.70 earnings per share. American States Water’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

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

Insider Transactions 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 transaction of $99,169.20. Following the transaction, the senior vice president owned 6,520 shares of the company’s stock, valued at $495,846. This represents a 16.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Holloway sold 662 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total transaction of $50,033.96. Following the transaction, the director owned 39,418 shares of the company’s stock, valued at $2,979,212.44. This represents a 1.65% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.