American States Water Company (AWR) Receives Consensus Rating of “Hold” from Analysts
Shares of American States Water Company (NYSE:AWR) have been given an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus target price of $44.33 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 163 out of 265 based on the ratings given to its competitors.
AWR has been the topic of several recent research reports. BidaskClub lowered American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research lowered American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Wells Fargo & Company raised their price target on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd. Finally, US Capital Advisors restated a “hold” rating on shares of American States Water in a research report on Monday, July 17th.
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Shares of American States Water (AWR) traded up 1.49% during mid-day trading on Monday, hitting $55.85. The stock had a trading volume of 113,564 shares. The firm’s 50-day moving average price is $51.03 and its 200 day moving average price is $48.12. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 30.14 and a beta of 0.45. American States Water has a 12-month low of $37.47 and a 12-month high of $55.86.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that American States Water will post $1.70 EPS for the current fiscal year.
In related news, Director Lloyd E. Ross sold 600 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anne M. Holloway sold 5,450 shares of the firm’s stock in a transaction on 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 directly owns 48,963 shares in the company, valued at approximately $1,809,182.85. The disclosure for this sale can be found here. Insiders sold a total of 32,605 shares of company stock worth $1,572,067 over the last 90 days. 1.49% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of AWR. BlackRock Inc. raised its stake in American States Water by 9,491.3% during the 1st quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock worth $203,346,000 after buying an additional 4,542,365 shares during the period. Vanguard Group Inc. raised its stake in American States Water by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock worth $163,649,000 after buying an additional 201,727 shares during the period. Independence Advisors LLC acquired a new stake in American States Water during the 2nd quarter worth $11,406,000. Copeland Capital Management LLC raised its stake in American States Water by 21.7% during the 2nd quarter. Copeland Capital Management LLC now owns 412,139 shares of the utilities provider’s stock worth $19,540,000 after buying an additional 73,592 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in American States Water by 3.4% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock worth $79,528,000 after buying an additional 57,074 shares during the period. 65.49% of the stock is currently owned by institutional investors and hedge funds.
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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