American States Water Company (NYSE:AWR) has been assigned a consensus broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation.

Brokers have set a one year consensus target price of $42.50 for the company and are predicting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 188 out of 265 based on the ratings given to related companies.

Several research firms recently weighed in on AWR. BidaskClub downgraded shares of American States Water from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th.

In other American States Water news, Director James L. Anderson sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $49.10, for a total value of $85,925.00. Following the completion of the transaction, the director now owns 37,046 shares of the company’s stock, valued at approximately $1,818,958.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert J. Sprowls sold 13,304 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $47.00, for a total transaction of $625,288.00. Following the completion of the transaction, the chief executive officer now directly owns 108,937 shares of the company’s stock, valued at approximately $5,120,039. The disclosure for this sale can be found here. Insiders sold a total of 60,609 shares of company stock valued at $2,907,261 in the last quarter. 1.49% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of American States Water by 9,491.3% in the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after buying an additional 4,542,365 shares in the last quarter. OppenheimerFunds Inc. boosted its position in shares of American States Water by 6,094.1% in the first quarter. OppenheimerFunds Inc. now owns 381,061 shares of the utilities provider’s stock valued at $16,880,000 after buying an additional 374,909 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of American States Water by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after buying an additional 201,727 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of American States Water by 146.5% in the first quarter. Parametric Portfolio Associates LLC now owns 204,526 shares of the utilities provider’s stock valued at $9,061,000 after buying an additional 121,560 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of American States Water by 19.8% in the first quarter. First Trust Advisors LP now owns 508,615 shares of the utilities provider’s stock valued at $22,532,000 after buying an additional 83,918 shares in the last quarter. 65.48% of the stock is owned by institutional investors.

American States Water (NYSE:AWR) traded up 1.14% on Friday, hitting $49.73. The stock had a trading volume of 34,775 shares. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 26.84 and a beta of 0.47. The stock’s 50-day moving average is $49.06 and its 200 day moving average is $46.20. American States Water has a 1-year low of $37.47 and a 1-year high of $51.75.

American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. During the same quarter last year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts predict that American States Water will post $1.70 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio (DPR) is 55.14%.

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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 ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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