Martingale Asset Management L P Acquires 16,165 Shares of American States Water (NYSE:AWR)

Martingale Asset Management L P raised its position in shares of American States Water (NYSE:AWR - Free Report) by 135.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 28,080 shares of the utilities provider's stock after purchasing an additional 16,165 shares during the quarter. Martingale Asset Management L P owned approximately 0.07% of American States Water worth $2,339,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in American States Water by 31.4% during the second quarter. CWM LLC now owns 1,045 shares of the utilities provider's stock worth $76,000 after buying an additional 250 shares during the last quarter. Arizona State Retirement System raised its position 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 worth $756,000 after acquiring an additional 258 shares in the last quarter. QRG Capital Management Inc. raised 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 worth $223,000 after acquiring an additional 269 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of American States Water by 3.1% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 8,828 shares of the utilities provider's stock valued at $735,000 after purchasing an additional 269 shares during the period. Finally, Glenmede Trust Co. NA boosted its position in shares of American States Water by 9.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,428 shares of the utilities provider's stock valued at $286,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 75.24% of the company's stock.

American States Water Stock Down 0.1 %

NYSE AWR traded down $0.06 on Friday, hitting $85.31. 131,999 shares of the company were exchanged, compared to its average volume of 247,854. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86. The company has a market cap of $3.20 billion, a PE ratio of 28.72, a PEG ratio of 4.48 and a beta of 0.49. The stock has a fifty day moving average of $84.15 and a 200-day moving average of $79.96. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50.

American States Water (NYSE:AWR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the company earned $0.85 EPS. American States Water's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts forecast that American States Water will post 3.02 earnings per share for the current year.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.4655 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a yield of 2.18%. American States Water's dividend payout ratio (DPR) is presently 62.63%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded American States Water from a "hold" rating to a "sell" rating in a report on Wednesday.

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.