Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires Shares of 32,829 American States Water Company $AWR

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in American States Water Company (NYSE:AWR) during the 4th quarter, HoldingsChannel reports. The firm acquired 32,829 shares of the utilities provider’s stock, valued at approximately $2,379,000.

Several other large investors have also recently added to or reduced their stakes in AWR. State of Wyoming acquired a new position in American States Water in the 2nd quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd increased its stake in American States Water by 610.5% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after buying an additional 464 shares during the period. Plato Investment Management Ltd acquired a new position in American States Water in the 4th quarter valued at approximately $45,000. EverSource Wealth Advisors LLC increased its stake in American States Water by 337.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock valued at $55,000 after buying an additional 556 shares during the period. Finally, Advisory Services Network LLC acquired a new position in American States Water in the 3rd quarter valued at approximately $72,000. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Stock Performance

AWR stock opened at $75.89 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.13, a P/E/G ratio of 2.94 and a beta of 0.60. American States Water Company has a 12 month low of $69.45 and a 12 month high of $81.24. The firm has a 50 day moving average of $76.23 and a two-hundred day moving average of $74.48.

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

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. American States Water’s payout ratio is currently 58.89%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AWR. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, American States Water presently has an average rating of “Buy”.

Insider Activity at American States Water

In other American States Water news, Director Anne M. Holloway bought 527 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $75.92 per share, with a total value of $40,009.84. Following the completion of the transaction, the director directly owned 40,080 shares of the company’s stock, valued at approximately $3,042,873.60. The trade was a 1.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 sale, the senior vice president directly owned 6,520 shares of the company’s stock, valued at approximately $495,846. This represents a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired 800 shares of company stock valued at $60,402 over the last three months. Insiders own 0.90% of the company’s stock.

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.