American States Water (NYSE:AWR) Stake Boosted by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its stake in American States Water (NYSE:AWR) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,245 shares of the utilities provider’s stock after purchasing an additional 346 shares during the period. OneDigital Investment Advisors LLC’s holdings in American States Water were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AWR. ORG Partners LLC acquired a new stake in shares of American States Water in the second quarter valued at approximately $42,000. Assetmark Inc. acquired a new stake in American States Water in the 3rd quarter valued at approximately $50,000. Farther Finance Advisors LLC raised its stake in American States Water by 18,820.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock valued at $79,000 after acquiring an additional 941 shares in the last quarter. CWM LLC grew its stake in shares of American States Water by 31.4% in the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 250 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of American States Water during the second quarter valued at $80,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Up 1.2 %

NYSE AWR opened at $85.02 on Friday. The company has a market capitalization of $3.18 billion, a P/E ratio of 28.63, a PEG ratio of 4.48 and a beta of 0.49. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The company’s 50 day simple moving average is $84.02 and its 200 day simple moving average is $79.65.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Equities research analysts expect that American States Water will post 3.02 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.4655 per share. The ex-dividend date is Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.19%. American States Water’s payout ratio is presently 62.63%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AWR. Wells Fargo & Company upgraded shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $80.00 to $87.00 in a research report on Wednesday, July 31st. StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a report on Saturday, November 16th.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.