Perigon Wealth Management LLC Acquires Shares of 7,063 American States Water Company $AWR

Perigon Wealth Management LLC acquired a new stake in shares of American States Water Company (NYSE:AWR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 7,063 shares of the utilities provider’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in shares of American States Water by 9.6% during the 3rd quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock valued at $63,400,000 after purchasing an additional 75,977 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American States Water by 55.9% during the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after purchasing an additional 258,388 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of American States Water by 0.3% during the 2nd quarter. Invesco Ltd. now owns 584,590 shares of the utilities provider’s stock valued at $44,815,000 after purchasing an additional 1,813 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of American States Water by 23.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after purchasing an additional 62,341 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American States Water by 9.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after purchasing an additional 25,333 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

American States Water Stock Up 0.2%

Shares of NYSE AWR opened at $77.05 on Thursday. The firm’s 50-day moving average price is $74.12 and its 200-day moving average price is $73.74. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 3.83 and a beta of 0.66. American States Water Company has a 12-month low of $69.45 and a 12-month high of $82.94.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. The firm had revenue of $164.28 million for the quarter, compared to analysts’ expectations of $168.82 million. American States Water had a net margin of 19.82% and a return on equity of 13.10%. On average, equities research analysts anticipate that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were given a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, February 23rd. American States Water’s dividend payout ratio is currently 59.94%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $84.00.

About American States Water

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.