American States Water (NYSE:AWR) Stock Holdings Lifted by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in American States Water (NYSE:AWR) by 7.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,217 shares of the utilities provider’s stock after acquiring an additional 1,341 shares during the quarter. BNP Paribas Financial Markets’ holdings in American States Water were worth $1,684,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in American States Water in the second quarter worth approximately $42,000. Assetmark Inc. acquired a new stake in American States Water in the third quarter valued at approximately $50,000. CWM LLC grew its position in 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 acquiring an additional 250 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 worth $79,000 after purchasing an additional 941 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American States Water during the 2nd quarter valued at $80,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Down 0.8 %

Shares of AWR stock opened at $82.11 on Friday. The stock’s 50 day simple moving average is $84.22 and its 200 day simple moving average is $80.14. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 4.34 and a beta of 0.51.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03). American States Water had a net margin of 19.26% and a return on equity of 13.53%. The company had revenue of $161.78 million for the quarter, compared to analyst estimates of $161.00 million. During the same quarter last year, the business earned $0.85 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts predict that American States Water will post 3.02 EPS for the current year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.4655 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.27%. American States Water’s dividend payout ratio (DPR) is presently 62.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

American States Water Profile

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.