Squarepoint Ops LLC Purchases 1,487 Shares of American States Water (NYSE:AWR)

Squarepoint Ops LLC raised its holdings in American States Water (NYSE:AWR) by 10.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,973 shares of the utilities provider’s stock after buying an additional 1,487 shares during the period. Squarepoint Ops LLC’s holdings in American States Water were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. ORG Partners LLC bought a new stake in shares of American States Water in the second quarter valued at $42,000. Clarity Asset Management Inc. bought a new position in American States Water during the 4th quarter worth approximately $76,000. CWM LLC increased its position 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 valued at $76,000 after acquiring an additional 250 shares during the period. GAMMA Investing LLC grew its position in shares of American States Water by 702.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,115 shares of the utilities provider’s stock worth $81,000 after buying an additional 976 shares during the last quarter. Finally, Covestor Ltd increased its position in American States Water by 193.7% during the 1st quarter. Covestor Ltd now owns 1,630 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 1,075 shares during the period. Institutional investors own 75.24% of the company’s stock.

American States Water Trading Up 0.1 %

Shares of NYSE AWR opened at $83.77 on Friday. American States Water has a 1-year low of $66.03 and a 1-year high of $85.71. The business has a fifty day moving average price of $82.33 and a 200 day moving average price of $76.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market capitalization of $3.14 billion, a P/E ratio of 27.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.49.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.02). American States Water had a net margin of 18.85% and a return on equity of 13.45%. The company had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. Equities research analysts expect that American States Water will post 3.03 EPS for the current fiscal year.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a yield of 2.22%. This is an increase from American States Water’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, August 16th. American States Water’s dividend payout ratio (DPR) is presently 60.78%.

Insider Buying and Selling at American States Water

In other news, Director Anne M. Holloway sold 500 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total transaction of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares of the company’s stock, valued at $3,115,801.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AWR shares. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $80.00 to $87.00 in a research report on Wednesday, July 31st.

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.