American States Water Company (NYSE:AWR) insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.61, for a total transaction of $62,012.50. Following the sale, the insider now directly owns 9,466 shares in the company, valued at approximately $469,608.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

American States Water Company (NYSE AWR) opened at 51.11 on Wednesday. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.78. The company’s 50-day moving average price is $49.86 and its 200-day moving average price is $47.43. The stock has a market cap of $1.87 billion, a P/E ratio of 27.58 and a beta of 0.45.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The business had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. During the same period in the previous year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that American States Water Company will post $1.70 earnings per share for the current year.

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A number of research firms recently weighed in on AWR. BidaskClub lowered shares of American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wells Fargo & Company upped their price objective on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Riverhead Capital Management LLC lifted its holdings in shares of American States Water by 85.4% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 1,196 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of American States Water in the second quarter valued at approximately $127,000. Ameritas Investment Partners Inc. acquired a new stake in shares of American States Water in the first quarter valued at approximately $140,000. IndexIQ Advisors LLC acquired a new stake in shares of American States Water in the second quarter valued at approximately $166,000. Finally, Advisor Group Inc. grew its position in shares of American States Water by 16.3% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 609 shares during the last quarter. Institutional investors own 65.47% of the company’s stock.

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).

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

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