American States Water Company (NYSE:AWR) – Equities research analysts at US Capital Advisors issued their Q3 2017 earnings per share estimates for American States Water in a report issued on Wednesday. US Capital Advisors analyst D. Fidell forecasts that the utilities provider will earn $0.59 per share for the quarter. US Capital Advisors has a “Hold” rating on the stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a report on Monday, October 23rd. Wells Fargo & Company increased their price objective on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, October 3rd. Finally, BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $51.00.

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Shares of American States Water (AWR) opened at 54.75 on Monday. The firm has a market capitalization of $2.01 billion, a PE ratio of 29.55 and a beta of 0.45. The firm’s 50 day moving average is $52.03 and its 200-day moving average is $48.63. American States Water has a 12 month low of $38.21 and a 12 month high of $56.31.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. During the same period last year, the business earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis.

Several hedge funds have recently made changes to their positions in the company. Copeland Capital Management LLC lifted its holdings in shares of American States Water by 1.6% during the 3rd quarter. Copeland Capital Management LLC now owns 418,555 shares of the utilities provider’s stock worth $20,614,000 after acquiring an additional 6,416 shares during the period. Victory Capital Management Inc. increased its position in American States Water by 5.9% during the 3rd quarter. Victory Capital Management Inc. now owns 18,218 shares of the utilities provider’s stock worth $897,000 after purchasing an additional 1,015 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in American States Water during the 3rd quarter worth approximately $368,000. Raymond James Financial Services Advisors Inc. increased its position in American States Water by 5.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 48,335 shares of the utilities provider’s stock worth $2,381,000 after purchasing an additional 2,676 shares in the last quarter. Finally, Strs Ohio increased its position in American States Water by 35.6% during the 3rd quarter. Strs Ohio now owns 74,600 shares of the utilities provider’s stock worth $3,674,000 after purchasing an additional 19,600 shares in the last quarter. Institutional investors and hedge funds own 65.25% of the company’s stock.

In other news, Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert J. Sprowls sold 5,614 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $286,314.00. Following the transaction, the chief executive officer now owns 111,346 shares in the company, valued at $5,678,646. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock worth $1,572,067. Insiders own 1.49% of the company’s stock.

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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