TD Asset Management Inc Has $3.62 Million Stock Position in American States Water Company $AWR

TD Asset Management Inc trimmed its position in American States Water Company (NYSE:AWR) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 47,200 shares of the utilities provider’s stock after selling 200 shares during the period. TD Asset Management Inc’s holdings in American States Water were worth $3,618,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. acquired a new position in shares of American States Water in the second quarter worth about $282,000. Yousif Capital Management LLC boosted its holdings in shares of American States Water by 2.8% during the second quarter. Yousif Capital Management LLC now owns 14,348 shares of the utilities provider’s stock worth $1,100,000 after purchasing an additional 393 shares during the period. CWM LLC boosted its holdings in shares of American States Water by 111.2% during the second quarter. CWM LLC now owns 3,898 shares of the utilities provider’s stock worth $299,000 after purchasing an additional 2,052 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of American States Water by 25.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,890 shares of the utilities provider’s stock worth $375,000 after purchasing an additional 979 shares during the period. Finally, Inspire Investing LLC boosted its holdings in shares of American States Water by 17.3% during the second quarter. Inspire Investing LLC now owns 5,216 shares of the utilities provider’s stock worth $400,000 after purchasing an additional 768 shares during the period. 75.24% of the stock is currently owned by institutional investors and hedge funds.

American States Water Stock Performance

AWR stock opened at $77.04 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.56. The stock has a market cap of $2.97 billion, a P/E ratio of 23.56, a P/E/G ratio of 4.07 and a beta of 0.64. The firm has a 50 day simple moving average of $73.53 and a 200 day simple moving average of $76.06. American States Water Company has a 52 week low of $69.85 and a 52 week high of $87.20.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $163.07 million during the quarter, compared to analyst estimates of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. American States Water’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Research analysts anticipate that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th were paid a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. This is a boost from American States Water’s previous quarterly dividend of $0.47. The ex-dividend date was Friday, August 15th. American States Water’s dividend payout ratio is presently 61.77%.

Analysts Set New Price Targets

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

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.