BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $13.18 Million Stake in American States Water (NYSE:AWR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of American States Water (NYSE:AWR - Free Report) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,292 shares of the utilities provider's stock after buying an additional 36,122 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.42% of American States Water worth $13,184,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in shares of American States Water by 18.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 126,815 shares of the utilities provider's stock worth $9,203,000 after buying an additional 19,391 shares during the period. Cetera Advisors LLC acquired a new position in American States Water during the first quarter valued at approximately $533,000. Janus Henderson Group PLC grew its holdings in American States Water by 63.2% during the first quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider's stock valued at $1,966,000 after purchasing an additional 10,538 shares during the period. Quadrature Capital Ltd grew its holdings in American States Water by 104.3% during the first quarter. Quadrature Capital Ltd now owns 19,366 shares of the utilities provider's stock valued at $1,399,000 after purchasing an additional 9,889 shares during the period. Finally, Vanguard Group Inc. grew its holdings in American States Water by 2.9% during the first quarter. Vanguard Group Inc. now owns 4,760,524 shares of the utilities provider's stock valued at $343,900,000 after purchasing an additional 132,674 shares during the period. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Stock Up 1.2 %

AWR traded up $0.98 during trading on Friday, reaching $85.03. The company had a trading volume of 264,669 shares, compared to its average volume of 234,781. The business's fifty day moving average price is $84.02 and its 200 day moving average price is $79.71. 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 has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a market cap of $3.19 billion, a P/E ratio of 28.63, a PEG ratio of 4.42 and a beta of 0.49.

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

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. American States Water's dividend payout ratio is 62.63%.

Wall Street Analyst Weigh In

AWR has been the subject of a number of analyst reports. Wells Fargo & Company upgraded shares of American States Water from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $80.00 to $87.00 in a report on Wednesday, July 31st. StockNews.com cut shares of American States Water from a "hold" rating to a "sell" rating in a report on Saturday, November 16th.

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.