Hsbc Holdings PLC Lowers Holdings in American States Water Company $AWR

Hsbc Holdings PLC lowered its position in American States Water Company (NYSE:AWR) by 66.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,788 shares of the utilities provider’s stock after selling 15,282 shares during the quarter. Hsbc Holdings PLC’s holdings in American States Water were worth $593,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Baird Financial Group Inc. raised its position in American States Water by 23.7% during the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $1,943,000 after buying an additional 1,388 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of American States Water by 768.9% during the first quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after buying an additional 4,160 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of American States Water by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after buying an additional 25,333 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of American States Water by 2,606.4% in the first 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 in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Stock Down 0.6%

American States Water stock opened at $85.47 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $3.35 billion, a P/E ratio of 24.92, a P/E/G ratio of 3.34 and a beta of 0.59. The business has a fifty day moving average of $81.62 and a two-hundred day moving average of $77.42. American States Water Company has a twelve month low of $69.45 and a twelve month high of $90.11.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $169.19 million during the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. On average, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be given a dividend of $0.5455 per share. The ex-dividend date of this dividend is Monday, August 17th. This is an increase from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 dividend on an annualized basis and a yield of 2.6%. American States Water’s dividend payout ratio is 63.56%.

Wall Street Analysts Forecast Growth

AWR has been the subject of a number of research reports. Weiss Ratings raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. 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. Finally, Freedom Capital upgraded shares of American States Water to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Insider Activity

In other American States Water news, Director Anne M. Holloway sold 662 shares of the stock in a transaction dated 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 sale, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul J. Rowley sold 1,304 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the sale, 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 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 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.