Odyssean LLC Makes New $680,000 Investment in American States Water Company $AWR

Odyssean LLC bought a new position in American States Water Company (NYSE:AWR) during the 2nd quarter, HoldingsChannel reports. The fund bought 8,235 shares of the utilities provider’s stock, valued at approximately $680,000.

A number of other institutional investors have also recently made changes to their positions in AWR. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of American States Water during the second quarter valued at approximately $26,000. State of Wyoming bought a new position in American States Water in the 2nd quarter valued at approximately $26,000. IFP Advisors Inc boosted its stake in American States Water by 113.6% during the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 292 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in American States Water during the 4th quarter valued at $45,000. Finally, Motiv8 Investments LLC bought a new stake in shares of American States Water in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AWR shares. Freedom Capital upgraded American States Water to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings raised American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Finally, Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a 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. Based on data from MarketBeat.com, American States Water currently has an average rating of “Hold”.

American States Water Stock Down 0.6%

Shares of American States Water stock opened at $89.68 on Thursday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.57. The company’s 50 day moving average is $85.48 and its 200 day moving average is $79.25. American States Water Company has a twelve month low of $69.45 and a twelve month 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 (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.16. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The company had revenue of $181.29 million for the quarter, compared to analysts’ expectations of $171.72 million. During the same quarter last year, the company posted $0.87 earnings per share. The firm’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts anticipate that American States Water Company will post 3.68 EPS for the current year.

American States Water Increases Dividend

The company also recently declared 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 an increase from American States Water’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, August 17th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. American States Water’s dividend payout ratio (DPR) is 59.73%.

Insider Activity

In related news, Director Anne M. Holloway sold 900 shares of American States Water stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the sale, the director owned 38,518 shares of the company’s stock, valued at $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.90% of the stock is currently owned by company 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.