American States Water Company $AWR Stake Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in American States Water Company (NYSE:AWR) by 632.9% in the 4th quarter, Holdings Channel reports. The fund owned 153,931 shares of the utilities provider’s stock after purchasing an additional 132,929 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American States Water were worth $11,157,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in American States Water by 150.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock worth $1,072,000 after acquiring an additional 8,776 shares in the last quarter. Principal Financial Group Inc. increased its stake in American States Water by 55.9% in the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after buying an additional 258,388 shares during the period. AlphaQuest LLC acquired a new position in American States Water in the 3rd quarter valued at approximately $945,000. JPMorgan Chase & Co. increased its stake in American States Water by 23.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after buying an additional 62,341 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its stake in American States Water by 216.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 24,124 shares of the utilities provider’s stock valued at $1,769,000 after buying an additional 16,493 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Price Performance

NYSE AWR opened at $80.89 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.17 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 3.86 and a beta of 0.66. The company has a 50 day moving average price of $75.40 and a two-hundred day moving average price of $74.17. American States Water Company has a 12-month low of $69.45 and a 12-month high of $82.94.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The company had revenue of $164.28 million for the quarter, compared to analyst estimates of $168.82 million. As a group, equities analysts predict that American States Water Company will post 3.59 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 Thursday, March 5th. Shareholders of record on Monday, February 23rd were issued a dividend of $0.504 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, February 23rd. American States Water’s dividend payout ratio is 59.94%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Monday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.00.

About American States Water

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.