Jane Street Group LLC Has $4.03 Million Stake in American States Water (NYSE:AWR)

Jane Street Group LLC cut its stake in shares of American States Water (NYSE:AWR - Free Report) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,425 shares of the utilities provider's stock after selling 22,604 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of American States Water worth $4,033,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AWR. Dimensional Fund Advisors LP increased its position in shares of American States Water by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider's stock worth $61,389,000 after buying an additional 6,372 shares during the period. Bank of New York Mellon Corp boosted its position in American States Water by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 450,788 shares of the utilities provider's stock valued at $32,714,000 after acquiring an additional 24,042 shares during the last quarter. Millennium Management LLC grew its holdings in American States Water by 205.5% during the 2nd quarter. Millennium Management LLC now owns 440,598 shares of the utilities provider's stock worth $31,974,000 after acquiring an additional 296,361 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of American States Water by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 418,688 shares of the utilities provider's stock worth $34,873,000 after acquiring an additional 13,276 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of American States Water by 107.1% in the 3rd quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider's stock valued at $31,815,000 after purchasing an additional 197,556 shares during the period. Institutional investors own 75.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AWR shares. StockNews.com cut American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Bank of America began coverage on shares of American States Water in a research report on Wednesday, December 11th. They set a "neutral" rating and a $85.00 price objective for the company.

American States Water Stock Up 0.6 %

Shares of AWR stock traded up $0.45 on Thursday, reaching $79.46. 223,236 shares of the company were exchanged, compared to its average volume of 218,607. American States Water has a one year low of $66.03 and a one year high of $87.50. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 6.77 and a beta of 0.51. The company has a 50-day moving average of $84.00 and a 200-day moving average of $80.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64.

American States Water (NYSE:AWR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.98 by ($0.03). American States Water had a net margin of 19.26% and a return on equity of 13.53%. The firm had revenue of $161.78 million during the quarter, compared to analyst estimates of $161.00 million. During the same period last year, the business posted $0.85 EPS. The company's revenue was up 6.6% on a year-over-year basis. Analysts anticipate that American States Water will post 3.02 earnings per share for the current year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.4655 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a yield of 2.34%. American States Water's dividend payout ratio (DPR) is presently 62.63%.

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.