American States Water Co. (AWR) VP Denise L. Kruger Sells 500 Shares of Stock
American States Water Co. (NYSE:AWR) VP Denise L. Kruger sold 500 shares of American States Water stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $39.96, for a total transaction of $19,980.00. Following the completion of the transaction, the vice president now owns 19,476 shares in the company, valued at approximately $778,260.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of American States Water Co. (NYSE:AWR) opened at 38.26 on Thursday. The firm has a 50-day moving average of $39.69 and a 200 day moving average of $40.73. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.78 and a beta of 0.35. American States Water Co. has a 52-week low of $37.28 and a 52-week high of $47.24.
American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company earned $111.95 million during the quarter, compared to analysts’ expectations of $113.01 million. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Analysts predict that American States Water Co. will post $1.63 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock valued at $110,000 after buying an additional 1,092 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of American States Water during the second quarter valued at approximately $114,000. Advisor Group Inc. acquired a new position in shares of American States Water during the second quarter valued at approximately $152,000. PineBridge Investments L.P. boosted its position in shares of American States Water by 3.9% in the second quarter. PineBridge Investments L.P. now owns 4,636 shares of the company’s stock valued at $204,000 after buying an additional 174 shares during the last quarter. Finally, GW Henssler & Associates Ltd. acquired a new position in shares of American States Water during the second quarter valued at approximately $206,000. Institutional investors own 63.65% of the company’s stock.
AWR has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday. Barclays PLC dropped their target price on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a report on Tuesday, September 6th. Finally, Janney Montgomery Scott upgraded shares of American States Water from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $39.00 in a report on Friday, August 5th.
About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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