American States Water (NYSE:AWR) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in American States Water (NYSE:AWR - Free Report) by 59.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,884 shares of the utilities provider's stock after acquiring an additional 20,503 shares during the quarter. Citigroup Inc. owned approximately 0.15% of American States Water worth $4,571,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AWR. CWM LLC raised its position in shares of American States Water by 31.4% during the 2nd quarter. CWM LLC now owns 1,045 shares of the utilities provider's stock worth $76,000 after acquiring an additional 250 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of American States Water by 2.5% in the 2nd quarter. Arizona State Retirement System now owns 10,421 shares of the utilities provider's stock valued at $756,000 after buying an additional 258 shares in the last quarter. QRG Capital Management Inc. grew its position in shares of American States Water by 9.6% in the 2nd quarter. QRG Capital Management Inc. now owns 3,075 shares of the utilities provider's stock valued at $223,000 after buying an additional 269 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in American States Water by 3.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider's stock worth $735,000 after acquiring an additional 269 shares in the last quarter. Finally, First Pacific Financial lifted its position in American States Water by 3.4% in the third quarter. First Pacific Financial now owns 8,783 shares of the utilities provider's stock valued at $732,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company's stock.

American States Water Price Performance

Shares of NYSE:AWR traded down $1.70 on Tuesday, hitting $84.07. The company had a trading volume of 204,387 shares, compared to its average volume of 220,188. The company has a market cap of $3.15 billion, a PE ratio of 28.31, a PEG ratio of 4.51 and a beta of 0.51. The business has a 50 day moving average of $84.17 and a 200 day moving average of $80.02. American States Water has a 52-week low of $66.03 and a 52-week high of $87.50. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86.

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

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a $0.4655 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.21%. American States Water's dividend payout ratio (DPR) is 62.63%.

Wall Street Analysts Forecast Growth

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

American States Water Company 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.