Cim LLC Sells 195 Shares of American States Water Company $AWR

Cim LLC lessened its stake in American States Water Company (NYSE:AWR) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,210 shares of the utilities provider’s stock after selling 195 shares during the period. Cim LLC’s holdings in American States Water were worth $410,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in American States Water in the 4th quarter worth approximately $26,000. Golden State Wealth Management LLC boosted its stake in shares of American States Water by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 380 shares during the last quarter. Ameriflex Group Inc. purchased a new position in shares of American States Water during the 4th quarter worth $78,000. Strs Ohio purchased a new position in shares of American States Water during the 1st quarter worth $87,000. Finally, State of Wyoming purchased a new position in shares of American States Water during the 4th quarter worth $114,000. Institutional investors own 75.24% of the company’s stock.

American States Water Trading Up 0.6%

Shares of American States Water stock opened at $73.55 on Friday. The company’s fifty day simple moving average is $74.90 and its 200-day simple moving average is $76.98. The stock has a market capitalization of $2.83 billion, a PE ratio of 22.49, a P/E/G ratio of 3.95 and a beta of 0.64. American States Water Company has a 1-year low of $70.29 and a 1-year high of $87.50. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46.

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

American States Water Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th were paid a dividend of $0.504 per share. The ex-dividend date was Friday, August 15th. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. This is a boost from American States Water’s previous quarterly dividend of $0.47. American States Water’s dividend payout ratio is 61.47%.

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.