American States Water Company (NYSE:AWR) has earned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.

Brokers have set a one year consensus target price of $44.33 for the company and are expecting 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 204 out of 265 based on the ratings given to related companies.

AWR has been the topic of a number of recent research reports. BidaskClub cut shares of American States Water from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research cut shares of American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. US Capital Advisors restated a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Finally, Wells Fargo & Company upped their price target on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd.

In related news, Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the sale, the director now directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The disclosure for this sale can be found here. Insiders have sold a total of 32,605 shares of company stock worth $1,572,067 over the last 90 days. 1.49% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Crow Point Partners LLC bought a new stake in American States Water during the 3rd quarter worth approximately $482,000. Eqis Capital Management Inc. increased its holdings in American States Water by 9.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 14,653 shares of the utilities provider’s stock worth $722,000 after acquiring an additional 1,211 shares during the period. Piedmont Investment Advisors LLC bought a new stake in American States Water during the 2nd quarter worth approximately $375,000. Raymond James Financial Services Advisors Inc. increased its holdings in American States Water by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock worth $2,165,000 after acquiring an additional 239 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in American States Water during the 2nd quarter worth approximately $309,000. 65.49% of the stock is currently owned by institutional investors and hedge funds.

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Shares of American States Water (NYSE:AWR) traded up 1.34% on Monday, hitting $53.52. 124,470 shares of the stock traded hands. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 28.77 and a beta of 0.45. American States Water has a 52 week low of $37.47 and a 52 week high of $53.99. The stock has a 50 day moving average price of $50.64 and a 200-day moving average price of $47.92.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. American States Water’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. On average, equities research analysts forecast that American States Water will post $1.70 EPS for the current year.

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 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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