Anne Holloway Sells 528 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 528 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total transaction of $40,075.20. Following the completion of the sale, the director owned 39,145 shares of the company’s stock, valued at $2,971,105.50. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

American States Water Stock Performance

NYSE:AWR opened at $75.01 on Friday. The firm has a market capitalization of $2.90 billion, a PE ratio of 22.94, a PEG ratio of 3.92 and a beta of 0.64. American States Water Company has a 1 year low of $69.45 and a 1 year high of $86.97. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $73.48 and its 200 day simple moving average is $75.64.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, November 5th. The utilities provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. The firm had revenue of $182.72 million during the quarter, compared to analyst estimates of $178.79 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The business’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. On average, sell-side analysts anticipate that American States Water Company will post 3.34 EPS for the current year.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a dividend of $0.504 per share. The ex-dividend date is Friday, November 14th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water’s dividend payout ratio is presently 59.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AWR. Geode Capital Management LLC lifted its stake in shares of American States Water by 2.5% in the second quarter. Geode Capital Management LLC now owns 905,373 shares of the utilities provider’s stock valued at $69,414,000 after buying an additional 22,068 shares during the period. First Trust Advisors LP increased its stake in American States Water by 9.6% during the third quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock valued at $63,400,000 after acquiring an additional 75,977 shares during the period. Principal Financial Group Inc. raised its holdings in American States Water by 55.9% in the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after acquiring an additional 258,388 shares in the last quarter. Invesco Ltd. lifted its position in shares of American States Water by 0.3% in the 2nd quarter. Invesco Ltd. now owns 584,590 shares of the utilities provider’s stock worth $44,815,000 after acquiring an additional 1,813 shares during the period. Finally, Norges Bank acquired a new stake in shares of American States Water during the 2nd quarter worth approximately $37,846,000. Institutional investors own 75.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $77.50.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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.