Aigen Investment Management LP Sells 319 Shares of American States Water (NYSE:AWR)

Aigen Investment Management LP lessened its holdings in shares of American States Water (NYSE:AWR) by 5.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,428 shares of the utilities provider’s stock after selling 319 shares during the period. Aigen Investment Management LP’s holdings in American States Water were worth $422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AWR. Golden State Wealth Management LLC bought a new stake in shares of American States Water during the 4th quarter valued at $30,000. Plato Investment Management Ltd boosted its holdings in shares of American States Water by 2,173.9% during the 4th quarter. Plato Investment Management Ltd now owns 523 shares of the utilities provider’s stock valued at $41,000 after buying an additional 500 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of American States Water by 367.3% during the 4th quarter. Blue Trust Inc. now owns 500 shares of the utilities provider’s stock valued at $42,000 after buying an additional 393 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of American States Water by 198.9% during the 4th quarter. Jones Financial Companies Lllp now owns 541 shares of the utilities provider’s stock valued at $42,000 after buying an additional 360 shares in the last quarter. Finally, Assetmark Inc. bought a new position in American States Water in the 3rd quarter worth about $50,000. Institutional investors own 75.24% of the company’s stock.

American States Water Price Performance

Shares of NYSE:AWR opened at $79.51 on Friday. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $87.50. The business has a 50-day simple moving average of $74.79 and a two-hundred day simple moving average of $80.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 12.92 and a beta of 0.53.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. American States Water had a return on equity of 13.63% and a net margin of 20.03%. The business had revenue of $143.10 million during the quarter, compared to analyst estimates of $160.17 million. On average, analysts expect that American States Water will post 3.34 earnings per share for the current year.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be given a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Tuesday, February 18th. American States Water’s dividend payout ratio (DPR) is 58.68%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $84.00 to $77.00 in a research note on Tuesday, January 7th. Bank of America cut shares of American States Water from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $85.00 to $71.00 in a research note on Monday, February 3rd. Finally, StockNews.com upgraded shares of American States Water from a “sell” rating to a “hold” rating in a research note on Saturday.

American States Water Profile

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.