12,894 Shares in American States Water Company $AWR Purchased by AlphaQuest LLC

AlphaQuest LLC bought a new position in shares of American States Water Company (NYSE:AWR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 12,894 shares of the utilities provider’s stock, valued at approximately $945,000.

Several other hedge funds have also recently added to or reduced their stakes in AWR. Cozad Asset Management Inc. boosted its position in shares of American States Water by 0.5% in the 2nd quarter. Cozad Asset Management Inc. now owns 27,051 shares of the utilities provider’s stock valued at $2,074,000 after purchasing an additional 138 shares during the period. Smartleaf Asset Management LLC lifted its holdings in American States Water by 6.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 150 shares during the last quarter. Arizona State Retirement System lifted its position in American States Water by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 11,395 shares of the utilities provider’s stock worth $835,000 after acquiring an additional 156 shares during the last quarter. Handelsbanken Fonder AB increased its position in American States Water by 1.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 13,834 shares of the utilities provider’s stock worth $1,061,000 after buying an additional 169 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of American States Water by 1.7% during the 2nd quarter. Amalgamated Bank now owns 10,944 shares of the utilities provider’s stock worth $839,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $84.00.

American States Water Trading Down 1.2%

Shares of NYSE AWR opened at $72.05 on Tuesday. The company has a market cap of $2.79 billion, a PE ratio of 21.32, a P/E/G ratio of 3.70 and a beta of 0.69. American States Water Company has a 1-year low of $69.45 and a 1-year high of $82.94. The company has a current ratio of 1.27, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $73.45 and a two-hundred day moving average of $73.74.

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

Insider Transactions at American States Water

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

About American States Water

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.