6,190 Shares in American States Water Company $AWR Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in American States Water Company (NYSE:AWR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,190 shares of the utilities provider’s stock, valued at approximately $511,000.

Several other large investors have also modified their holdings of the business. Baird Financial Group Inc. raised its holdings in shares of American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after buying an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American States Water by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after acquiring an additional 1,388 shares during the period. Jones Financial Companies Lllp boosted its holdings in American States Water by 768.9% during the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after acquiring an additional 4,160 shares during the period. Goldman Sachs Group Inc. grew its position in American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after acquiring an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC grew its position in American States Water by 2,606.4% in the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock valued at $7,059,000 after acquiring an additional 86,402 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Insiders Place Their Bets

In other American States Water news, Director Anne M. Holloway sold 900 shares of the 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AWR has been the subject of several research analyst reports. Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Freedom Capital upgraded shares of American States Water to a “hold” rating in a report on Monday, June 29th. Finally, 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. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

American States Water Trading Up 1.1%

AWR opened at $89.87 on Friday. The stock’s fifty day moving average is $85.98 and its two-hundred day moving average is $79.45. The company has a market capitalization of $3.56 billion, a P/E ratio of 24.62, a PEG ratio of 3.36 and a beta of 0.57. American States Water Company has a 52 week low of $69.45 and a 52 week high of $91.72. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.75.

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

American States Water Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.4%. This is a boost from American States Water’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, August 17th. American States Water’s payout ratio is currently 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.