Magellan Asset Management Ltd Acquires 6,172 Shares of American States Water Company $AWR

Magellan Asset Management Ltd boosted its holdings in shares of American States Water Company (NYSE:AWR) by 20.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,743 shares of the utilities provider’s stock after acquiring an additional 6,172 shares during the period. Magellan Asset Management Ltd’s holdings in American States Water were worth $2,779,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AWR. State of Wyoming purchased a new stake in American States Water in the second quarter worth about $26,000. IFP Advisors Inc increased its stake in shares of American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 292 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of American States Water during the fourth quarter valued at approximately $45,000. Motiv8 Investments LLC purchased a new position in shares of American States Water during the fourth quarter valued at approximately $45,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of American States Water by 337.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 556 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American States Water Stock Down 1.9%

NYSE:AWR opened at $86.69 on Wednesday. The firm has a market cap of $3.40 billion, a P/E ratio of 25.27, a P/E/G ratio of 3.44 and a beta of 0.59. 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 fifty-two week low of $69.45 and a fifty-two week high of $90.11. The firm has a 50-day simple moving average of $79.95 and a two-hundred day simple moving average of $76.65.

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 firm had revenue of $169.19 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. Analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given 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 dividend yield of 2.3%. American States Water’s dividend payout ratio (DPR) is 58.89%.

Insider Buying and Selling

In other American States Water news, 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 sale, the director directly owned 39,418 shares in the company, valued at approximately $2,979,212.44. This trade represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $99,169.20. Following the sale, the senior vice president owned 6,520 shares in the company, valued at approximately $495,846. This represents a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.