Aigen Investment Management LP Sells 7,228 Shares of American States Water Company $AWR

Aigen Investment Management LP trimmed its holdings in shares of American States Water Company (NYSE:AWR) by 41.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,402 shares of the utilities provider’s stock after selling 7,228 shares during the quarter. Aigen Investment Management LP’s holdings in American States Water were worth $754,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWR. Morgan Stanley lifted its holdings in shares of American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after acquiring an additional 758,452 shares during the period. Pictet Asset Management Holding SA lifted its holdings in American States Water by 28.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after purchasing an additional 164,559 shares during the last quarter. Franklin Resources Inc. lifted its holdings in American States Water by 512.8% during the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after purchasing an additional 157,276 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American States Water by 632.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after purchasing an additional 132,929 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in American States Water by 238.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 174,361 shares of the utilities provider’s stock valued at $12,784,000 after purchasing an additional 122,823 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AWR. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Zacks Research downgraded shares of American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

American States Water Stock Down 0.1%

Shares of NYSE:AWR opened at $77.71 on Monday. American States Water Company has a one year low of $69.45 and a one year high of $81.24. The company has a 50 day moving average of $77.17 and a 200-day moving average of $74.89. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 3.02 and a beta of 0.60.

American States Water (NYSE:AWR) last issued its quarterly earnings data 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). The firm had revenue of $169.19 million for the quarter, compared to analyst estimates of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 EPS. On average, sell-side analysts forecast that American States Water Company will post 3.71 earnings per share for the current year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.504 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. American States Water’s dividend payout ratio is presently 58.89%.

Insiders Place Their Bets

In related news, Director Anne M. Holloway sold 662 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total value of $50,033.96. Following the completion of the transaction, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul J. Rowley sold 1,304 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the transaction, the senior vice president directly owned 6,520 shares of the company’s stock, valued at approximately $495,846. The trade was a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is currently owned by corporate insiders.

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.