California State Teachers Retirement System Has $3.51 Million Stake in American States Water Company $AWR

California State Teachers Retirement System raised its position in American States Water Company (NYSE:AWR) by 29.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,460 shares of the utilities provider’s stock after buying an additional 10,464 shares during the quarter. California State Teachers Retirement System’s holdings in American States Water were worth $3,513,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after acquiring an additional 758,452 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of American States Water by 28.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock worth $53,495,000 after acquiring an additional 164,559 shares in the last quarter. Franklin Resources Inc. increased its stake in American States Water by 512.8% in the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 157,276 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in American States Water by 632.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after acquiring an additional 132,929 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in American States Water by 238.3% during the third quarter. Qube Research & Technologies Ltd now owns 174,361 shares of the utilities provider’s stock valued at $12,784,000 after purchasing an additional 122,823 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Anne M. Holloway sold 662 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, 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 transaction, the senior vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

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

American States Water Trading Up 1.8%

AWR opened at $87.21 on Friday. The company has a market cap of $3.42 billion, a P/E ratio of 23.89, a PEG ratio of 3.40 and a beta of 0.57. The company has a current ratio of 0.98, a quick ratio of 1.13 and a debt-to-equity ratio of 0.75. The company’s 50 day moving average is $82.51 and its 200-day moving average is $77.78. American States Water Company has a 1-year low of $69.45 and a 1-year high of $90.11.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $181.29 million during the quarter, compared to analysts’ expectations of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. Equities research analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be paid a dividend of $0.5455 per share. The ex-dividend date of this dividend is Monday, August 17th. This is a boost 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 2.5%. American States Water’s payout ratio is presently 55.34%.

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.