American States Water (NYSE:AWR) SVP Sells $99,169.20 in Stock

American States Water Company (NYSE:AWR) SVP Paul Rowley sold 1,304 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $76.05, for a total value of $99,169.20. Following the completion of the sale, the senior vice president owned 6,520 shares of the company’s stock, valued at approximately $495,846. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American States Water Stock Down 2.2%

NYSE AWR traded down $1.68 during trading hours on Friday, hitting $75.73. The company had a trading volume of 212,794 shares, compared to its average volume of 292,010. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $81.24. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.02 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The firm’s 50 day moving average is $76.24 and its 200 day moving average is $74.43.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $169.19 million during the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. Sell-side analysts anticipate that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. American States Water’s dividend payout ratio is presently 58.89%.

Hedge Funds Weigh In On American States Water

Large investors have recently modified their holdings of the stock. State of Wyoming bought a new position in shares of American States Water during the second quarter worth about $26,000. Aster Capital Management DIFC Ltd lifted its position in shares of American States Water by 610.5% during the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 464 shares during the last quarter. IFP Advisors Inc lifted its position in shares of American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 292 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of American States Water during the fourth quarter worth about $45,000. Finally, Motiv8 Investments LLC bought a new position in shares of American States Water during the fourth quarter worth about $45,000. Institutional investors own 75.24% of the company’s stock.

Wall Street Analysts Forecast Growth

AWR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.