Quantbot Technologies LP Cuts Stock Position in American States Water Company $AWR

Quantbot Technologies LP decreased its position in shares of American States Water Company (NYSE:AWR) by 43.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,260 shares of the utilities provider’s stock after selling 10,215 shares during the period. Quantbot Technologies LP’s holdings in American States Water were worth $972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming acquired a new position in American States Water in the 2nd quarter valued at about $26,000. Aster Capital Management DIFC Ltd grew its holdings in shares of American States Water by 610.5% in the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in American States Water by 337.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock worth $55,000 after buying an additional 556 shares in the last quarter. Strs Ohio purchased a new position in American States Water in the 1st quarter valued at approximately $87,000. Finally, Hantz Financial Services Inc. boosted its position in American States Water by 14,025.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,130 shares of the utilities provider’s stock valued at $83,000 after buying an additional 1,122 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $84.00.

American States Water Stock Down 0.1%

AWR stock opened at $75.35 on Friday. The company’s 50 day moving average price is $73.52 and its 200 day moving average price is $73.54. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.72 and a beta of 0.69. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $82.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.23 and a current ratio of 1.32.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. American States Water had a net margin of 19.82% and a return on equity of 13.10%. The company had revenue of $164.28 million during the quarter, compared to the consensus estimate of $168.82 million. On average, equities research analysts anticipate that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were issued a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, February 23rd. American States Water’s dividend payout ratio is 59.94%.

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.