Creative Financial Designs Inc. ADV Decreases Stock Holdings in American States Water Company $AWR

Creative Financial Designs Inc. ADV reduced its holdings in American States Water Company (NYSE:AWR) by 83.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,419 shares of the utilities provider’s stock after selling 7,133 shares during the period. Creative Financial Designs Inc. ADV’s holdings in American States Water were worth $104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of American States Water by 2.5% in the 2nd quarter. Geode Capital Management LLC now owns 905,373 shares of the utilities provider’s stock valued at $69,414,000 after acquiring an additional 22,068 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of American States Water by 55.9% in the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after purchasing an additional 258,388 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of American States Water by 0.3% in the 2nd quarter. Invesco Ltd. now owns 584,590 shares of the utilities provider’s stock worth $44,815,000 after purchasing an additional 1,813 shares during the period. Norges Bank bought a new position in shares of American States Water during the 2nd quarter valued at approximately $37,846,000. Finally, Legal & General Group Plc increased its position in shares of American States Water by 6.8% during the 2nd quarter. Legal & General Group Plc now owns 444,512 shares of the utilities provider’s stock valued at $34,076,000 after purchasing an additional 28,241 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Trading Up 2.2%

Shares of NYSE AWR opened at $76.43 on Wednesday. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $82.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.23 and a current ratio of 1.32. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 3.80 and a beta of 0.69. The business’s 50 day moving average price is $73.36 and its 200-day moving average price is $73.50.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The company had revenue of $164.28 million during the quarter, compared to analysts’ expectations of $168.82 million. On average, sell-side analysts expect that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, February 23rd will be paid a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, February 23rd. American States Water’s dividend payout ratio (DPR) is currently 59.94%.

Wall Street Analysts Forecast Growth

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

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.