American States Water Company $AWR Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in shares of American States Water Company (NYSE:AWR) by 41.1% in the fourth quarter, HoldingsChannel reports. The fund owned 189,387 shares of the utilities provider’s stock after buying an additional 55,133 shares during the quarter. Kennedy Capital Management LLC’s holdings in American States Water were worth $13,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming acquired a new stake in American States Water during the 2nd quarter worth approximately $26,000. Aster Capital Management DIFC Ltd increased its position in American States Water by 610.5% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 464 shares in the last quarter. IFP Advisors Inc increased its position in American States Water by 113.6% during the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in American States Water during the 4th quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its position in American States Water by 337.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWR. 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. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

American States Water Stock Down 0.1%

NYSE AWR opened at $77.71 on Monday. The stock has a market cap of $3.05 billion, a PE ratio of 22.66, a P/E/G ratio of 3.02 and a beta of 0.60. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $81.24. The business has a 50 day moving average price of $77.17 and a two-hundred day moving average price of $74.89. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share 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 return on equity of 13.06% and a net margin of 19.66%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.70 EPS. As a group, sell-side analysts predict that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, May 18th. American States Water’s dividend payout ratio is currently 58.89%.

Insider Buying and Selling

In other American States Water news, SVP Paul J. Rowley sold 1,304 shares of the company’s stock in a transaction that occurred on 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 owned 6,520 shares in the company, valued at $495,846. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Holloway sold 662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total value of $50,033.96. Following the completion of the transaction, the director owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by corporate insiders.

American States Water Company 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.