Jupiter Topco LLC Buys Shares of 16,496 American States Water Company $AWR

Jupiter Topco LLC purchased a new position in shares of American States Water Company (NYSE:AWR) in the 2nd quarter, Holdings Channel reports. The firm purchased 16,496 shares of the utilities provider’s stock, valued at approximately $1,364,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Weiss Ratings upgraded American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Zacks Research cut 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 American States Water to a “hold” rating in a report on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

American States Water Trading Down 1.5%

Shares of AWR stock opened at $88.27 on Friday. The stock has a market capitalization of $3.50 billion, a P/E ratio of 24.18, a P/E/G ratio of 3.39 and a beta of 0.57. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $91.72. The stock has a 50-day simple moving average of $86.87 and a 200 day simple moving average of $80.04. 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 posted its quarterly earnings data 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 return on equity of 13.50% and a net margin of 20.52%.The firm had revenue of $181.29 million for the quarter, compared to the consensus estimate of $171.72 million. During the same quarter in the previous year, the company earned $0.87 EPS. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Monday, August 17th were given a dividend of $0.5455 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.18 annualized dividend and a dividend yield of 2.5%. This is a boost from American States Water’s previous quarterly dividend of $0.50. American States Water’s payout ratio is presently 59.73%.

Insider Activity

In related news, Director Anne Holloway sold 900 shares of the firm’s 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 transaction, the director directly owned 38,518 shares of the company’s stock, valued at $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

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.