American States Water (AWR) Given Coverage Optimism Score of 0.09
News articles about American States Water (NYSE:AWR) have been trending somewhat positive on Saturday, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. American States Water earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.5807699384835 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
American States Water (AWR) traded up 0.27% during trading on Friday, hitting $51.29. The stock had a trading volume of 93,564 shares. The company has a market cap of $1.88 billion, a P/E ratio of 27.68 and a beta of 0.45. American States Water has a 12-month low of $37.47 and a 12-month high of $51.75. The company has a 50 day moving average of $49.84 and a 200-day moving average of $46.88.
American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that American States Water will post $1.70 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio is 55.14%.
AWR has been the topic of a number of research analyst reports. BidaskClub lowered American States Water from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.
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In other news, CEO Robert J. Sprowls sold 5,614 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $286,314.00. Following the completion of the sale, the chief executive officer now owns 111,346 shares in the company, valued at approximately $5,678,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction dated Monday, September 4th. The stock was sold at an average price of $36.95, for a total value of $201,377.50. Following the sale, the director now owns 48,963 shares of the company’s stock, valued at approximately $1,809,182.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,605 shares of company stock valued at $1,567,120. 1.49% of the stock is currently owned by corporate insiders.
About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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