Hunter Perkins Capital Management LLC Acquires New Holdings in American States Water Company $AWR

Hunter Perkins Capital Management LLC acquired a new position in American States Water Company (NYSE:AWR) in the fourth quarter, Holdings Channel reports. The fund acquired 11,003 shares of the utilities provider’s stock, valued at approximately $797,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. First Trust Advisors LP boosted its position in American States Water by 9.6% during the 3rd quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock valued at $63,400,000 after acquiring an additional 75,977 shares in the last quarter. Principal Financial Group Inc. raised its position 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 worth $52,847,000 after acquiring an additional 258,388 shares in the last quarter. Invesco Ltd. lifted its stake in shares of American States Water by 0.3% during 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 last quarter. Norges Bank bought a new stake in American States Water during the second quarter valued at about $37,846,000. Finally, JPMorgan Chase & Co. boosted its position in American States Water by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after purchasing an additional 62,341 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American States Water Trading Up 0.2%

Shares of NYSE:AWR opened at $75.11 on Friday. The business’s 50-day moving average is $73.68 and its 200 day moving average is $73.49. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 1.23. American States Water Company has a 1 year low of $69.45 and a 1 year high of $82.94. The firm has a market capitalization of $2.94 billion, a P/E ratio of 22.29, a P/E/G ratio of 3.70 and a beta of 0.69.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $164.28 million during the quarter, compared to the consensus estimate of $168.82 million. On average, research analysts predict that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, February 23rd were paid a $0.504 dividend. The ex-dividend date was Monday, February 23rd. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. American States Water’s dividend payout ratio (DPR) is 59.64%.

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.