9,878 Shares in American States Water Company $AWR Bought by Cullen Capital Management LLC

Cullen Capital Management LLC purchased a new position in shares of American States Water Company (NYSE:AWR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,878 shares of the utilities provider’s stock, valued at approximately $816,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of American States Water during the 2nd quarter worth about $26,000. State of Wyoming bought a new stake in American States Water in the second quarter valued at about $26,000. IFP Advisors Inc increased its stake in American States Water by 113.6% in the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 292 shares during the period. Plato Investment Management Ltd acquired a new position in American States Water in the fourth quarter worth about $45,000. Finally, Motiv8 Investments LLC acquired a new position in American States Water in the fourth quarter worth about $45,000. Institutional investors own 75.24% of the company’s stock.

Insider Transactions at American States Water

In related news, Director Anne M. Holloway sold 900 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total transaction of $79,974.00. Following the transaction, the director owned 38,518 shares in the company, valued at $3,422,709.48. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AWR has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Freedom Capital raised American States Water to a “hold” rating in a report on Monday, June 29th. Finally, Zacks Research cut American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American States Water has an average rating of “Hold”.

American States Water Stock Up 2.7%

NYSE AWR opened at $90.99 on Tuesday. The stock’s 50 day simple moving average is $84.98 and its 200 day simple moving average is $78.99. American States Water Company has a one year low of $69.45 and a one year high of $91.11. The firm has a market cap of $3.61 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.16. The firm had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS. As a group, sell-side analysts forecast that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be issued a $0.5455 dividend. This is a positive change from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 17th. American States Water’s dividend payout ratio (DPR) is presently 59.73%.

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.