Point72 Asia Singapore Pte. Ltd. Has $68,000 Position in American States Water (NYSE:AWR)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of American States Water (NYSE:AWR) by 61.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 934 shares of the utilities provider’s stock after selling 1,470 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in American States Water were worth $68,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWR. Victory Capital Management Inc. lifted its stake in shares of American States Water by 182.8% in the second quarter. Victory Capital Management Inc. now owns 220,718 shares of the utilities provider’s stock worth $16,018,000 after buying an additional 142,664 shares during the last quarter. Vanguard Group Inc. raised its holdings in American States Water by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 4,760,524 shares of the utilities provider’s stock worth $343,900,000 after acquiring an additional 132,674 shares during the period. Edgestream Partners L.P. lifted its position in American States Water by 92.7% during the 2nd quarter. Edgestream Partners L.P. now owns 87,452 shares of the utilities provider’s stock worth $6,346,000 after acquiring an additional 42,064 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in American States Water by 70.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,302 shares of the utilities provider’s stock valued at $7,246,000 after acquiring an additional 41,576 shares during the period. Finally, Cubist Systematic Strategies LLC grew its position in shares of American States Water by 225.7% in the second quarter. Cubist Systematic Strategies LLC now owns 50,622 shares of the utilities provider’s stock valued at $3,674,000 after purchasing an additional 35,078 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

American States Water Price Performance

Shares of American States Water stock opened at $82.58 on Monday. The firm has a fifty day moving average price of $82.03 and a two-hundred day moving average price of $75.90. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $85.71. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market cap of $3.09 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 4.34 and a beta of 0.49.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). American States Water had a net margin of 18.85% and a return on equity of 13.45%. The firm had revenue of $155.30 million for the quarter, compared to the consensus estimate of $138.00 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. Analysts expect that American States Water will post 3.03 EPS for the current year.

American States Water Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were given a $0.4655 dividend. This represents a $1.86 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from American States Water’s previous quarterly dividend of $0.43. American States Water’s dividend payout ratio is 60.78%.

Insiders Place Their Bets

In other American States Water news, Director Anne M. Holloway sold 500 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the sale, the director now directly owns 38,519 shares in the company, valued at $3,115,801.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AWR. Wells Fargo & Company raised American States Water from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st. StockNews.com lowered American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, September 25th.

About American States Water

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.