Odyssean LLC Makes New $680,000 Investment in American States Water Company $AWR

Odyssean LLC acquired a new stake in shares of American States Water Company (NYSE:AWR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,235 shares of the utilities provider’s stock, valued at approximately $680,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of American States Water in the 2nd quarter worth approximately $602,749,000. Vanguard Group Inc. raised its holdings in shares of American States Water by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock valued at $360,657,000 after acquiring an additional 118,702 shares in the last quarter. Morgan Stanley raised its holdings in shares of American States Water by 128.8% during the fourth quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after acquiring an additional 758,452 shares in the last quarter. Geode Capital Management LLC lifted its stake in American States Water by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 907,840 shares of the utilities provider’s stock worth $65,810,000 after acquiring an additional 2,812 shares during the period. Finally, First Trust Advisors LP lifted its stake in American States Water by 2.1% in the first quarter. First Trust Advisors LP now owns 836,092 shares of the utilities provider’s stock worth $63,225,000 after acquiring an additional 16,896 shares during the period. Institutional investors own 75.24% of the company’s stock.

American States Water Trading Down 0.6%

NYSE:AWR opened at $89.68 on Thursday. American States Water Company has a one year low of $69.45 and a one year high of $91.72. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The company’s 50-day simple moving average is $85.48 and its 200 day simple moving average is $79.25. The firm has a market capitalization of $3.55 billion, a P/E ratio of 24.57, a PEG ratio of 3.41 and a beta of 0.57.

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

American States Water Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. 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 raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Freedom Capital raised shares of American States Water to a “hold” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Insider Buying and Selling at American States Water

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

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.