American States Water (NYSE:AWR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its stake in shares of American States Water (NYSE:AWR) by 110.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,327 shares of the utilities provider’s stock after purchasing an additional 11,197 shares during the period. Stifel Financial Corp owned 0.06% of American States Water worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of 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 valued at $61,389,000 after acquiring an additional 6,372 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American States Water by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 450,788 shares of the utilities provider’s stock worth $32,714,000 after buying an additional 24,042 shares in the last quarter. Millennium Management LLC raised its position in shares of American States Water by 205.5% in the second quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider’s stock valued at $31,974,000 after buying an additional 296,361 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of American States Water by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 418,688 shares of the utilities provider’s stock worth $34,873,000 after buying an additional 13,276 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in American States Water by 107.1% during the 3rd quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider’s stock valued at $31,815,000 after acquiring an additional 197,556 shares in the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

American States Water Stock Performance

Shares of American States Water stock opened at $79.51 on Friday. The business’s fifty day simple moving average is $84.00 and its 200-day simple moving average is $80.63. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2.98 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 6.77 and a beta of 0.51.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities analysts forecast that American States Water will post 3.02 earnings per share for the current year.

American States Water Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. StockNews.com lowered 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 shares of American States Water in a report on Wednesday, December 11th. They issued a “neutral” rating and a $85.00 price objective for the company.

About American States Water

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.