Thrivent Financial for Lutherans Boosts Stock Holdings in American States Water Company $AWR

Thrivent Financial for Lutherans increased its stake in American States Water Company (NYSE:AWR) by 29.0% during the 2nd quarter, Holdings Channel reports. The fund owned 67,161 shares of the utilities provider’s stock after purchasing an additional 15,099 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American States Water were worth $5,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jump Financial LLC acquired a new stake in American States Water in the 1st quarter valued at about $202,000. First Citizens Bank & Trust Co. purchased a new stake in shares of American States Water during the second quarter worth approximately $292,000. Yousif Capital Management LLC raised its holdings in American States Water by 2.8% in the second quarter. Yousif Capital Management LLC now owns 14,348 shares of the utilities provider’s stock valued at $1,100,000 after acquiring an additional 393 shares in the last quarter. Atria Investments Inc purchased a new position in American States Water in the second quarter worth approximately $298,000. Finally, Allianz Asset Management GmbH grew its holdings in American States Water by 18.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 44,278 shares of the utilities provider’s stock worth $3,394,000 after acquiring an additional 6,751 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American States Water presently has an average rating of “Reduce” and an average target price of $77.50.

American States Water Price Performance

Shares of NYSE AWR opened at $73.08 on Friday. The stock’s 50-day simple moving average is $73.96 and its 200-day simple moving average is $74.59. The firm has a market capitalization of $2.83 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 3.94 and a beta of 0.70. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $82.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.27.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.06 EPS for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $182.72 million for the quarter, compared to analyst estimates of $178.79 million. American States Water had a net margin of 20.43% and a return on equity of 13.26%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. As a group, equities research analysts forecast that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 2nd. Investors of record on Friday, November 14th were paid a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, November 14th. American States Water’s dividend payout ratio (DPR) is currently 59.76%.

Insider Transactions at American States Water

In other American States Water news, Director Anne M. Holloway sold 528 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $75.90, for a total value of $40,075.20. Following the completion of the transaction, the director owned 39,145 shares in the company, valued at $2,971,105.50. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.83% of the stock is 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.