American States Water Company $AWR Stock Position Raised by Fifth Third Bancorp

Fifth Third Bancorp raised its stake in American States Water Company (NYSE:AWR) by 3,793.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,083 shares of the utilities provider’s stock after buying an additional 9,824 shares during the quarter. Fifth Third Bancorp’s holdings in American States Water were worth $763,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Kestra Advisory Services LLC lifted its stake in shares of American States Water by 9.7% in the 1st quarter. Kestra Advisory Services LLC now owns 7,431 shares of the utilities provider’s stock valued at $562,000 after purchasing an additional 657 shares during the last quarter. IFM Investors Pty Ltd bought a new position in American States Water during the first quarter valued at about $205,000. Inspire Investing LLC lifted its position in shares of American States Water by 5.2% in the first quarter. Inspire Investing LLC now owns 6,904 shares of the utilities provider’s stock worth $522,000 after buying an additional 340 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of American States Water in the first quarter worth about $1,301,000. Finally, Assenagon Asset Management S.A. bought a new stake in shares of American States Water during the 1st quarter worth about $2,526,000. 75.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American States Water news, SVP Paul J. Rowley sold 1,304 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $76.05, for a total value 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Holloway sold 662 shares of the company’s 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 transaction, the director directly owned 39,418 shares in the company, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their position. The SEC filing for this sale provides additional information. 0.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AWR has been the topic of a number of recent analyst reports. Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Freedom Capital raised American States Water to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of American States Water from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold”.

American States Water Price Performance

NYSE:AWR opened at $86.29 on Tuesday. 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 company has a 50-day moving average of $80.76 and a 200-day moving average of $77.05. The company has a market capitalization of $3.38 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 3.36 and a beta of 0.59. American States Water Company has a 52 week low of $69.45 and a 52 week high of $90.11.

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

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 18th. American States Water’s dividend payout ratio is currently 58.89%.

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.