Charles Schwab Investment Management Inc. Has $34.87 Million Stock Position in American States Water (NYSE:AWR)

Charles Schwab Investment Management Inc. raised its position in shares of American States Water (NYSE:AWR) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,688 shares of the utilities provider’s stock after purchasing an additional 13,276 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.12% of American States Water worth $34,873,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC increased its holdings in shares of American States Water by 31.4% during the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after buying an additional 250 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of American States Water by 2.5% during the second quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider’s stock worth $756,000 after buying an additional 258 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of American States Water by 9.6% during the second quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider’s stock worth $223,000 after buying an additional 269 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of American States Water by 3.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider’s stock worth $735,000 after buying an additional 269 shares in the last quarter. Finally, First Pacific Financial increased its holdings in shares of American States Water by 3.4% during the third quarter. First Pacific Financial now owns 8,783 shares of the utilities provider’s stock worth $732,000 after buying an additional 291 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American States Water Stock Performance

NYSE AWR opened at $84.07 on Wednesday. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 4.51 and a beta of 0.51. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The stock has a fifty day simple moving average of $84.17 and a 200 day simple moving average of $80.02. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86.

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

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a yield of 2.21%. American States Water’s dividend payout ratio (DPR) is currently 62.63%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.