American States Water Co. (NYSE:AWR) Director Lloyd E. Ross sold 600 shares of American States Water stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $38.85, for a total value of $23,310.00. Following the transaction, the director now owns 52,362 shares of the company’s stock, valued at approximately $2,034,263.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of American States Water Co. (NYSE:AWR) opened at 37.62 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 23.38 and a beta of 0.35. American States Water Co. has a 12 month low of $37.28 and a 12 month high of $47.24. The firm’s 50-day moving average is $39.50 and its 200 day moving average is $40.70.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The company had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the prior year, the business posted $0.41 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that American States Water Co. will post $1.63 EPS for the current year.

Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

Several large investors have recently bought and sold shares of AWR. BlackRock Institutional Trust Company N.A. raised its stake in American States Water by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 929,990 shares of the company’s stock worth $36,604,000 after buying an additional 2,402 shares in the last quarter. Princeton Alpha Management LP acquired a new stake in American States Water during the second quarter worth $331,000. UBS Group AG raised its stake in American States Water by 22.4% in the first quarter. UBS Group AG now owns 120,868 shares of the company’s stock worth $4,758,000 after buying an additional 22,092 shares in the last quarter. Capstone Asset Management Co. raised its stake in American States Water by 2.3% in the second quarter. Capstone Asset Management Co. now owns 11,552 shares of the company’s stock worth $506,000 after buying an additional 260 shares in the last quarter. Finally, BlackRock Group LTD raised its stake in American States Water by 1.7% in the first quarter. BlackRock Group LTD now owns 166,660 shares of the company’s stock worth $6,561,000 after buying an additional 2,782 shares in the last quarter. Institutional investors own 63.65% of the company’s stock.

A number of research firms recently commented on AWR. Zacks Investment Research upgraded American States Water from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Janney Montgomery Scott upgraded shares of American States Water from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $35.00 to $39.00 in a research report on Friday, August 5th. Finally, Barclays PLC cut their price objective on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research report on Tuesday, September 6th.

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.

5 Day Chart for NYSE:AWR

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