Stifel Financial Corp Boosts Stock Position in American States Water (NYSE:AWR)

Stifel Financial Corp grew its stake in shares of American States Water (NYSE:AWR) by 110.5% during the third quarter, Holdings Channel reports. The firm owned 21,327 shares of the utilities provider’s stock after purchasing an additional 11,197 shares during the period. Stifel Financial Corp’s holdings in American States Water were worth $1,776,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Intech Investment Management LLC boosted its stake in American States Water by 16.1% in the third quarter. Intech Investment Management LLC now owns 7,506 shares of the utilities provider’s stock valued at $625,000 after acquiring an additional 1,041 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American States Water by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider’s stock worth $61,389,000 after buying an additional 6,372 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in American States Water by 21.8% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 122,170 shares of the utilities provider’s stock valued at $8,866,000 after acquiring an additional 21,868 shares during the last quarter. Edgestream Partners L.P. increased its holdings in shares of American States Water by 92.7% in the second quarter. Edgestream Partners L.P. now owns 87,452 shares of the utilities provider’s stock valued at $6,346,000 after purchasing an additional 42,064 shares during the period. Finally, FMR LLC grew its position in American States Water by 31.2% in the 3rd quarter. FMR LLC now owns 72,715 shares of the utilities provider’s stock valued at $6,056,000 after buying an additional 17,295 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Bank of America began coverage on American States Water in a research note on Wednesday, December 11th. They set a “neutral” rating and a $85.00 price target on the stock.

American States Water Trading Up 0.1 %

Shares of American States Water stock opened at $79.51 on Friday. The business has a 50 day moving average price of $84.00 and a 200 day moving average price of $80.63. The company has a market capitalization of $2.98 billion, a P/E ratio of 26.77, a P/E/G ratio of 6.77 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.34%. The ex-dividend date was Friday, November 15th. American States Water’s payout ratio is 62.63%.

American States Water Company 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.