Hsbc Holdings PLC Makes New Investment in American States Water Company $AWR

Hsbc Holdings PLC bought a new stake in American States Water Company (NYSE:AWR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,070 shares of the utilities provider’s stock, valued at approximately $1,675,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its holdings in shares of American States Water by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock valued at $242,000 after buying an additional 150 shares during the period. Smartleaf Asset Management LLC grew its position in American States Water by 6.2% during the second quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 150 shares in the last quarter. US Bancorp DE grew its holdings in shares of American States Water by 2.1% during the 3rd quarter. US Bancorp DE now owns 7,663 shares of the utilities provider’s stock valued at $562,000 after acquiring an additional 159 shares in the last quarter. Parallel Advisors LLC increased its position in American States Water by 5.6% in the 4th quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 161 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in American States Water by 2.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,849 shares of the utilities provider’s stock worth $641,000 after buying an additional 200 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors.

American States Water Stock Performance

Shares of NYSE:AWR opened at $82.69 on Wednesday. American States Water Company has a twelve month low of $69.45 and a twelve month high of $83.73. The firm has a market cap of $3.24 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 3.22 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The business has a fifty day moving average of $77.76 and a 200-day moving average of $75.41.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company had revenue of $169.19 million for the quarter, compared to analyst estimates of $157.02 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. American States Water’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities research analysts predict that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, May 18th. American States Water’s dividend payout ratio (DPR) is 58.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AWR. Zacks Research cut American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Insider Buying and Selling

In other American States Water news, SVP Paul J. Rowley sold 1,304 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $76.05, for a total value of $99,169.20. Following the transaction, the senior vice president directly owned 6,520 shares of the company’s stock, valued at approximately $495,846. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Holloway sold 662 shares of American States Water stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total value of $50,033.96. Following the sale, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.90% of the stock is currently owned by company insiders.

American States Water 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.