Perigon Wealth Management LLC Purchases Shares of 6,794 American States Water Company $AWR

Perigon Wealth Management LLC purchased a new stake in shares of American States Water Company (NYSE:AWR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,794 shares of the utilities provider’s stock, valued at approximately $561,000.

Several other institutional investors also recently bought and sold shares of AWR. Charles Schwab Investment Management Inc. raised its stake in shares of American States Water by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,887 shares of the utilities provider’s stock valued at $33,550,000 after acquiring an additional 20,510 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in American States Water during the 4th quarter worth $2,379,000. Vanguard Group Inc. boosted its position in American States Water by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock worth $360,657,000 after purchasing an additional 118,702 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American States Water by 632.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $11,157,000 after purchasing an additional 132,929 shares during the period. Finally, Kennedy Capital Management LLC increased its holdings in American States Water by 41.1% in the 4th quarter. Kennedy Capital Management LLC now owns 189,387 shares of the utilities provider’s stock valued at $13,727,000 after purchasing an additional 55,133 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Stock Performance

Shares of AWR stock opened at $89.20 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 0.98. American States Water Company has a one year low of $69.45 and a one year high of $90.21. The company’s 50-day simple moving average is $84.23 and its 200-day simple moving average is $78.62. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 3.36 and a beta of 0.57.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The business had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period last year, the firm earned $0.87 earnings per share. Equities analysts anticipate that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be given a $0.5455 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 17th. This is a positive change from American States Water’s previous quarterly dividend of $0.50. American States Water’s payout ratio is 59.73%.

Analysts Set New Price Targets

Several research firms have commented on AWR. Freedom Capital raised American States Water to a “hold” rating in a research report on Monday, June 29th. Zacks Research downgraded American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, American States Water currently has a consensus rating of “Hold”.

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.