NFJ Investment Group LLC Has $1.30 Million Stock Position in American States Water Company $AWR

NFJ Investment Group LLC reduced its holdings in American States Water Company (NYSE:AWR) by 69.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 17,993 shares of the utilities provider’s stock after selling 40,823 shares during the quarter. NFJ Investment Group LLC’s holdings in American States Water were worth $1,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC increased its position in American States Water by 4.7% in the 4th quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock valued at $242,000 after acquiring an additional 150 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of American States Water by 6.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 150 shares during the last quarter. US Bancorp DE boosted its stake in shares of American States Water by 2.1% in the 3rd quarter. US Bancorp DE now owns 7,663 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 159 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of American States Water by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 161 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of American States Water by 2.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,849 shares of the utilities provider’s stock valued at $641,000 after purchasing an additional 200 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AWR. Zacks Research lowered shares of American States Water from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

Insider Buying and Selling at American States Water

In related news, SVP Paul J. Rowley sold 1,304 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the transaction, the senior vice president directly owned 6,520 shares of the company’s stock, valued at $495,846. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Holloway sold 662 shares of the stock in a transaction on 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 directly owned 39,418 shares in the company, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by corporate insiders.

American States Water Trading Down 0.1%

NYSE:AWR opened at $77.71 on Monday. The firm’s fifty day moving average is $77.17 and its 200-day moving average is $74.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. American States Water Company has a 52 week low of $69.45 and a 52 week high of $81.24. The firm has a market cap of $3.05 billion, a P/E ratio of 22.66, a P/E/G ratio of 3.02 and a beta of 0.60.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $169.19 million for 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 firm’s revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. Equities analysts expect that American States Water Company will post 3.71 earnings per share for the current year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.504 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.6%. American States Water’s dividend payout ratio is currently 58.89%.

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.