Renaissance Technologies LLC Acquires 59,900 Shares of American States Water Company $AWR

Renaissance Technologies LLC lifted its holdings in American States Water Company (NYSE:AWR) by 131.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,600 shares of the utilities provider’s stock after purchasing an additional 59,900 shares during the quarter. Renaissance Technologies LLC’s holdings in American States Water were worth $7,985,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWR. Wealthfront Advisers LLC lifted its holdings in shares of American States Water by 4.7% during the fourth quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 150 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in 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 worth $196,000 after buying an additional 150 shares in the last quarter. Parallel Advisors LLC raised its position in American States Water by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after buying an additional 161 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in 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 worth $641,000 after buying an additional 200 shares during the last quarter. Finally, Jacobi Capital Management LLC lifted its stake in American States Water by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 11,194 shares of the utilities provider’s stock valued at $811,000 after acquiring an additional 211 shares during the period. 75.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

American States Water Stock Performance

AWR opened at $84.76 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 3.33 and a beta of 0.59. The company’s 50 day moving average is $81.78 and its 200 day moving average is $77.52. American States Water Company has a 12-month low of $69.45 and a 12-month high of $90.11.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a net margin of 19.66% and a return on equity of 13.06%. The business had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the prior year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be paid a $0.5455 dividend. This is a positive change from American States Water’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, August 17th. This represents a $2.18 annualized dividend and a dividend yield of 2.6%. American States Water’s dividend payout ratio (DPR) is currently 63.56%.

Insider Buying and Selling at American States Water

In other American States Water news, Director Anne M. Holloway sold 662 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of the sale, the director owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Paul J. Rowley sold 1,304 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $76.05, for a total value of $99,169.20. Following the completion of the sale, the senior vice president owned 6,520 shares of the company’s stock, valued at approximately $495,846. The trade was a 16.67% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.90% of the company’s stock.

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.