American States Water (NYSE:AWR) Director Sells $50,033.96 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 662 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of the transaction, the director owned 39,418 shares in the company, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American States Water Stock Performance

Shares of AWR stock opened at $76.61 on Friday. The firm’s 50 day moving average price is $76.36 and its 200-day moving average price is $74.53. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. American States Water Company has a one year low of $69.45 and a one year high of $81.24. The firm has a market cap of $3.00 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.98 and a beta of 0.60.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company had revenue of $169.19 million during the quarter, compared to analyst estimates of $157.02 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business’s revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th. American States Water’s dividend payout ratio is currently 58.89%.

Institutional Investors Weigh In On American States Water

Hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its holdings in American States Water by 150.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock worth $1,072,000 after buying an additional 8,776 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in American States Water by 55.9% during the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after buying an additional 258,388 shares in the last quarter. AlphaQuest LLC acquired a new stake in American States Water during the 3rd quarter worth approximately $945,000. Charles Schwab Investment Management Inc. lifted its holdings in American States Water by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 462,887 shares of the utilities provider’s stock worth $33,550,000 after buying an additional 20,510 shares in the last quarter. Finally, Tudor Investment Corp ET AL increased its position in shares of American States Water by 206.4% in the 3rd quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider’s stock valued at $5,756,000 after purchasing an additional 52,885 shares during the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on AWR. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

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.