Intech Investment Management LLC Grows Stake in American States Water (NYSE:AWR)

Intech Investment Management LLC lifted its stake in American States Water (NYSE:AWR) by 16.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,506 shares of the utilities provider’s stock after purchasing an additional 1,041 shares during the quarter. Intech Investment Management LLC’s holdings in American States Water were worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in shares of American States Water by 18.1% in the second quarter. Assenagon Asset Management S.A. now owns 126,815 shares of the utilities provider’s stock worth $9,203,000 after acquiring an additional 19,391 shares during the period. Cetera Advisors LLC purchased a new position in shares of American States Water in the 1st quarter worth $533,000. Janus Henderson Group PLC grew its holdings in shares of American States Water by 63.2% in the first quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider’s stock worth $1,966,000 after acquiring an additional 10,538 shares during the period. Dimensional Fund Advisors LP boosted its position in American States Water by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider’s stock worth $61,389,000 after purchasing an additional 6,372 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of 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 purchasing an additional 21,868 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analysts Set New Price Targets

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

American States Water Trading Down 0.1 %

American States Water stock opened at $85.31 on Friday. 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 firm’s 50 day moving average price is $84.15 and its 200-day moving average price is $79.95. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The stock has a market cap of $3.20 billion, a P/E ratio of 28.72, a PEG ratio of 4.49 and a beta of 0.49.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (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 during the quarter, compared to the consensus estimate of $161.00 million. During the same period in the previous year, the business earned $0.85 earnings per share. American States Water’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, equities analysts predict that American States Water will post 3.02 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, November 15th. American States Water’s dividend payout ratio (DPR) is presently 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.