American States Water Co (NYSE:AWR) insider Eva G. Tang sold 600 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $73.25, for a total value of $43,950.00. Following the transaction, the insider now directly owns 33,169 shares in the company, valued at approximately $2,429,629.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of AWR opened at $73.39 on Tuesday. The stock has a market cap of $2.69 billion, a P/E ratio of 42.67, a P/E/G ratio of 4.60 and a beta of 0.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.09. American States Water Co has a 52-week low of $53.93 and a 52-week high of $73.65.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. As a group, research analysts expect that American States Water Co will post 1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.10 dividend on an annualized basis and a yield of 1.50%. American States Water’s dividend payout ratio (DPR) is 63.95%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP purchased a new stake in shares of American States Water in the 1st quarter valued at about $206,000. HighTower Advisors LLC grew its position in American States Water by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 16,250 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 186 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in American States Water by 5.3% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,815 shares of the utilities provider’s stock worth $1,196,000 after acquiring an additional 843 shares during the last quarter. Morgan Stanley grew its position in American States Water by 2.0% during the 1st quarter. Morgan Stanley now owns 289,172 shares of the utilities provider’s stock worth $20,618,000 after acquiring an additional 5,694 shares during the last quarter. Finally, Man Group plc grew its position in American States Water by 105.1% during the 1st quarter. Man Group plc now owns 122,190 shares of the utilities provider’s stock worth $8,712,000 after acquiring an additional 62,604 shares during the last quarter. 71.75% of the stock is currently owned by institutional investors and hedge funds.

Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a research report on Tuesday, March 26th.

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American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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

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