Exchange Traded Concepts LLC Grows Holdings in American States Water Company $AWR

Exchange Traded Concepts LLC raised its position in shares of American States Water Company (NYSE:AWR) by 35.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 32,896 shares of the utilities provider’s stock after purchasing an additional 8,578 shares during the period. Exchange Traded Concepts LLC’s holdings in American States Water were worth $2,412,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC lifted its stake in shares of American States Water by 29.4% during the 1st quarter. Hsbc Holdings PLC now owns 7,856 shares of the utilities provider’s stock valued at $621,000 after buying an additional 1,787 shares in the last quarter. Jump Financial LLC purchased a new position in shares of American States Water in the first quarter valued at about $202,000. Baird Financial Group Inc. boosted its stake in shares of American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 625 shares during the period. Graham Capital Management L.P. grew its position in shares of American States Water by 17.6% during the first quarter. Graham Capital Management L.P. now owns 11,584 shares of the utilities provider’s stock worth $911,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in American States Water by 21.4% during the 1st quarter. Advisors Asset Management Inc. now owns 9,206 shares of the utilities provider’s stock valued at $724,000 after purchasing an additional 1,620 shares during the period. 75.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Anne M. Holloway sold 528 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total transaction of $40,075.20. Following the completion of the sale, the director directly owned 39,145 shares of the company’s stock, valued at approximately $2,971,105.50. This trade represents a 1.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American States Water currently has a consensus rating of “Reduce” and a consensus price target of $77.50.

American States Water Trading Up 0.3%

AWR stock opened at $73.55 on Friday. American States Water Company has a twelve month low of $69.45 and a twelve month high of $82.94. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 3.92 and a beta of 0.70. The company has a quick ratio of 1.18, a current ratio of 1.27 and a debt-to-equity ratio of 0.90. The firm’s fifty day simple moving average is $73.89 and its two-hundred day simple moving average is $74.49.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. American States Water had a net margin of 20.43% and a return on equity of 13.26%. The firm had revenue of $182.72 million during the quarter, compared to analysts’ expectations of $178.79 million. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 2nd. Stockholders of record on Friday, November 14th were paid a dividend of $0.504 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.7%. American States Water’s dividend payout ratio is currently 59.76%.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.