American States Water Co (NYSE:AWR) insider Eva G. Tang sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $74.00, for a total transaction of $44,400.00. Following the completion of the sale, the insider now directly owns 33,169 shares of the company’s stock, valued at approximately $2,454,506. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of AWR stock traded down $0.30 during trading hours on Thursday, hitting $73.86. 121,649 shares of the company were exchanged, compared to its average volume of 160,378. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. American States Water Co has a 52 week low of $54.25 and a 52 week high of $74.28. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 42.94, a P/E/G ratio of 4.64 and a beta of 0.07.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). American States Water had a return on equity of 11.92% and a net margin of 14.86%. The company had revenue of $101.70 million for the quarter, compared to the consensus estimate of $93.02 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities analysts expect that American States Water Co will post 1.99 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Wednesday, May 15th. American States Water’s dividend payout ratio is 63.95%.

Several hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of American States Water by 1.2% during the first quarter. Janney Montgomery Scott LLC now owns 12,420 shares of the utilities provider’s stock worth $886,000 after acquiring an additional 146 shares in the last quarter. Suntrust Banks Inc. increased its position in shares of American States Water by 1.9% during the fourth quarter. Suntrust Banks Inc. now owns 8,639 shares of the utilities provider’s stock worth $579,000 after acquiring an additional 164 shares in the last quarter. Private Capital Group LLC increased its position in shares of American States Water by 36.1% during the first quarter. Private Capital Group LLC now owns 641 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 170 shares in the last quarter. HighTower Advisors LLC increased its position in shares of American States Water by 1.2% during the first quarter. HighTower Advisors LLC now owns 16,250 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 186 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of American States Water by 0.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 25,873 shares of the utilities provider’s stock worth $1,735,000 after acquiring an additional 197 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a research note on Tuesday, March 26th.

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American States Water Company Profile

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

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Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

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