Pictet Asset Management Holding SA Has $545,000 Holdings in American States Water Company $AWR

Pictet Asset Management Holding SA lessened its holdings in American States Water Company (NYSE:AWR) by 99.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,201 shares of the utilities provider’s stock after selling 730,838 shares during the quarter. Pictet Asset Management Holding SA’s holdings in American States Water were worth $545,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AWR. Wealthfront Advisers LLC grew its position in American States Water by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 150 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in American States Water by 6.2% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock worth $196,000 after buying an additional 150 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of American States Water by 5.6% during the 4th quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after buying an additional 161 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of American States Water by 2.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,849 shares of the utilities provider’s stock worth $641,000 after buying an additional 200 shares during the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in shares of American States Water by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 11,194 shares of the utilities provider’s stock valued at $811,000 after acquiring an additional 211 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Performance

Shares of AWR stock opened at $83.92 on Friday. The company has a fifty day moving average price of $78.41 and a two-hundred day moving average price of $75.91. American States Water Company has a one year low of $69.45 and a one year high of $85.63. The stock has a market cap of $3.29 billion, a P/E ratio of 24.47, a P/E/G ratio of 3.25 and a beta of 0.59. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $169.19 million for the quarter, compared to analyst estimates 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 for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. As a group, equities analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a dividend of $0.504 per share. This represents a $2.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 18th. American States Water’s payout ratio is 58.89%.

Insider Buying and Selling

In other American States Water news, 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 sale, the director owned 39,418 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this link. Also, SVP Paul J. Rowley sold 1,304 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $76.05, for a total value of $99,169.20. Following the completion of 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. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research downgraded 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. Finally, Freedom Capital upgraded American States Water to a “hold” rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, American States Water presently has an average rating of “Hold”.

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.