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

American States Water Company (NYSE:AWR) Director Anne Holloway bought 135 shares of the company’s stock in a transaction on Friday, November 14th. The shares were acquired at an average price of $74.59 per share, for a total transaction of $10,069.65. Following the completion of the acquisition, the director owned 39,280 shares in the company, valued at $2,929,895.20. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

American States Water Stock Down 0.6%

Shares of AWR stock traded down $0.44 during mid-day trading on Tuesday, hitting $75.48. 181,817 shares of the stock traded hands, compared to its average volume of 342,124. The stock has a market cap of $2.96 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 0.60. The stock’s fifty day moving average is $76.23 and its two-hundred day moving average is $74.45. American States Water Company has a 52-week low of $69.45 and a 52-week 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.

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

American States Water Announces Dividend

The company 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. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. American States Water’s dividend payout ratio is presently 58.89%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. 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 report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Hedge Funds Weigh In On American States Water

Several hedge funds and other institutional investors have recently modified their holdings of AWR. Baird Financial Group Inc. raised its position in shares of American States Water by 23.7% in the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of American States Water by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after purchasing an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of American States Water by 2,606.4% in the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock valued at $7,059,000 after purchasing an additional 86,402 shares during the last quarter. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.