American States Water (NYSE:AWR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in American States Water (NYSE:AWR - Free Report) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 418,688 shares of the utilities provider's stock after acquiring an additional 13,276 shares during the period. Charles Schwab Investment Management Inc. owned about 1.12% of American States Water worth $34,873,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. raised 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 purchasing an additional 19,391 shares during the last quarter. Cetera Advisors LLC purchased a new stake in American States Water during the 1st quarter valued at about $533,000. Janus Henderson Group PLC grew its stake in American States Water by 63.2% during the 1st quarter. Janus Henderson Group PLC now owns 27,223 shares of the utilities provider's stock valued at $1,966,000 after acquiring an additional 10,538 shares in the last quarter. Intech Investment Management LLC grew its stake in American States Water by 16.1% during the 3rd quarter. Intech Investment Management LLC now owns 7,506 shares of the utilities provider's stock valued at $625,000 after acquiring an additional 1,041 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in American States Water by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 845,936 shares of the utilities provider's stock valued at $61,389,000 after acquiring an additional 6,372 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Price Performance

NYSE AWR traded down $1.53 during trading hours on Wednesday, hitting $82.54. 227,915 shares of the company's stock traded hands, compared to its average volume of 220,221. American States Water has a 52-week low of $66.03 and a 52-week high of $87.50. The company has a market capitalization of $3.09 billion, a PE ratio of 28.31, a PEG ratio of 4.51 and a beta of 0.51. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.69 and a quick ratio of 0.64. The firm's 50-day moving average is $84.20 and its 200-day moving average is $80.06.

American States Water (NYSE:AWR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $161.00 million. During the same period last year, the company earned $0.85 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. Equities analysts forecast that American States Water will post 3.02 EPS for the current fiscal year.

American States Water Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.4655 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.86 annualized dividend and a dividend yield of 2.26%. American States Water's dividend payout ratio (DPR) is 62.63%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th.

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.