American States Water (NYSE:AWR) Position Trimmed by Atom Investors LP

Atom Investors LP trimmed its stake in American States Water (NYSE:AWR) by 12.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,949 shares of the utilities provider’s stock after selling 12,935 shares during the quarter. American States Water accounts for 0.8% of Atom Investors LP’s portfolio, making the stock its 25th largest position. Atom Investors LP’s holdings in American States Water were worth $7,409,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AWR. ORG Partners LLC acquired a new stake in shares of American States Water during the 2nd quarter valued at about $42,000. Assetmark Inc. acquired a new stake in American States Water in the third quarter valued at approximately $50,000. CWM LLC grew its position in American States Water by 31.4% in the second quarter. CWM LLC now owns 1,045 shares of the utilities provider’s stock worth $76,000 after acquiring an additional 250 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of American States Water by 18,820.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 946 shares of the utilities provider’s stock worth $79,000 after purchasing an additional 941 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American States Water during the 2nd quarter valued at $80,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American States Water Stock Down 0.1 %

AWR opened at $85.31 on Monday. American States Water has a 1-year low of $66.03 and a 1-year high of $87.50. The business has a 50 day moving average of $84.15 and a 200-day moving average of $79.96. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 28.72, a P/E/G ratio of 4.48 and a beta of 0.49. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.03). American States Water had a return on equity of 13.53% and a net margin of 19.26%. The company had revenue of $161.78 million during the quarter, compared to analyst estimates of $161.00 million. During the same quarter in the prior year, the business earned $0.85 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that American States Water will post 3.02 earnings per share for the current year.

American States Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.4655 per share. The ex-dividend date is Friday, November 15th. This represents a $1.86 annualized dividend and a yield of 2.18%. American States Water’s dividend payout ratio is 62.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

American States Water Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.