American States Water Co. (AWR) Director Anne M. Holloway Sells 1,500 Shares
American States Water Co. (NYSE:AWR) Director Anne M. Holloway sold 1,500 shares of the company’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $44.12, for a total transaction of $66,180.00. Following the completion of the transaction, the director now directly owns 40,696 shares in the company, valued at $1,795,507.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
American States Water Co. (NYSE:AWR) opened at 44.22 on Wednesday. American States Water Co. has a 52-week low of $37.28 and a 52-week high of $47.24. The firm has a market capitalization of $1.62 billion, a P/E ratio of 27.15 and a beta of 0.40. The firm’s 50-day moving average is $39.99 and its 200 day moving average is $40.67.
American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $123.81 million for the quarter, compared to analysts’ expectations of $137.14 million. American States Water had a net margin of 13.69% and a return on equity of 12.65%. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.56 earnings per share. Equities analysts anticipate that American States Water Co. will post $1.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from American States Water’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, November 10th. American States Water’s dividend payout ratio (DPR) is currently 59.51%.
A number of research firms have recently weighed in on AWR. Zacks Investment Research downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $39.00 in a research note on Friday, August 5th. Finally, Barclays PLC dropped their price target on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 6th.
Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock worth $110,000 after buying an additional 1,092 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of American States Water during the second quarter worth $114,000. Sei Investments Co. boosted its position in shares of American States Water by 96.5% in the third quarter. Sei Investments Co. now owns 3,351 shares of the company’s stock worth $134,000 after buying an additional 1,646 shares in the last quarter. Advisor Group Inc. purchased a new position in shares of American States Water during the second quarter worth $152,000. Finally, 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 worth $204,000 after buying an additional 174 shares in the last quarter. 63.61% of the stock is currently owned by institutional investors.
American States Water Company Profile
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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