American States Water (NYSE:AWR) Director Anne Holloway Sells 900 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 900 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total transaction of $79,974.00. Following the completion of the transaction, the director owned 38,518 shares in the company, valued at $3,422,709.48. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American States Water Stock Up 0.3%

Shares of American States Water stock opened at $89.43 on Friday. The business has a 50-day moving average of $84.48 and a 200-day moving average of $78.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The company has a market capitalization of $3.55 billion, a PE ratio of 24.50, a P/E/G ratio of 3.37 and a beta of 0.57. American States Water Company has a 1-year low of $69.45 and a 1-year high of $90.42.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.93 by $0.16. American States Water had a return on equity of 13.50% and a net margin of 20.52%.The business had revenue of $181.29 million for the quarter, compared to analysts’ expectations of $171.72 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The company’s revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts forecast that American States Water Company will post 3.68 EPS for the current fiscal year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Monday, August 17th will be given a $0.5455 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 17th. This is a positive change from American States Water’s previous quarterly dividend of $0.50. American States Water’s dividend payout ratio is currently 59.73%.

Institutional Trading of American States Water

Several institutional investors and hedge funds have recently bought and sold shares of AWR. Smartleaf Asset Management LLC increased its stake in shares of American States Water by 6.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 150 shares during the period. Wealthfront Advisers LLC boosted its position in shares of American States Water by 4.7% during the fourth quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock worth $242,000 after buying an additional 150 shares during the period. Parallel Advisors LLC boosted its position in shares of American States Water by 5.6% during the fourth quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after buying an additional 161 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in American States Water by 2.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,849 shares of the utilities provider’s stock worth $641,000 after buying an additional 200 shares in the last quarter. Finally, Jacobi Capital Management LLC grew its holdings in American States Water by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 11,194 shares of the utilities provider’s stock worth $811,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AWR. Weiss Ratings raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Zacks Research cut shares of American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Finally, Freedom Capital raised shares of American States Water to a “hold” rating in a report on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.