American States Water (NYSE:AWR) Director Purchases $10,069.65 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 135 shares of American States Water stock in a transaction on Friday, November 14th. The shares were acquired at an average cost of $74.59 per share, with a total value of $10,069.65. Following the completion of the transaction, the director directly owned 39,280 shares in the company, valued at $2,929,895.20. The trade was a 0.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

American States Water Stock Performance

AWR traded down $0.44 during trading on Tuesday, reaching $75.48. 181,817 shares of the company’s stock were exchanged, compared to its average volume of 342,124. American States Water Company has a 1 year low of $69.45 and a 1 year high of $81.24. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The stock has a market capitalization of $2.96 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The company’s fifty day simple moving average is $76.23 and its 200-day simple moving average is $74.45.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the prior year, the business posted $0.70 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, research analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.504 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. American States Water’s dividend payout ratio (DPR) is currently 58.89%.

Institutional Investors Weigh In On American States Water

A number of hedge funds and other institutional investors have recently made changes to their positions in AWR. Morgan Stanley grew its stake in shares of American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after purchasing an additional 758,452 shares during the period. Principal Financial Group Inc. grew its stake 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 during the period. Pictet Asset Management Holding SA grew its stake in American States Water by 28.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after acquiring an additional 164,559 shares during the period. Franklin Resources Inc. grew its stake in American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 157,276 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in American States Water by 632.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after acquiring an additional 132,929 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on AWR. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American States Water currently has an average rating of “Buy”.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.