American States Water Co (NYSE:AWR) Director James F. Mcnulty sold 8,897 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $60.81, for a total value of $541,026.57. Following the completion of the sale, the director now directly owns 18,278 shares in the company, valued at approximately $1,111,485.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American States Water stock opened at $60.81 on Friday. American States Water Co has a twelve month low of $47.53 and a twelve month high of $61.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.05 and a current ratio of 1.09. The firm has a market cap of $2.23 billion, a PE ratio of 36.60, a P/E/G ratio of 7.09 and a beta of 0.27.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). American States Water had a return on equity of 11.55% and a net margin of 14.18%. The company had revenue of $106.90 million for the quarter, compared to analysts’ expectations of $114.80 million. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue was down 5.6% compared to the same quarter last year. analysts predict that American States Water Co will post 1.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Stockholders of record on Wednesday, August 15th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from American States Water’s previous quarterly dividend of $0.26. American States Water’s dividend payout ratio is currently 64.33%.

Several institutional investors have recently bought and sold shares of AWR. Comerica Bank increased its position in shares of American States Water by 2.5% during the first quarter. Comerica Bank now owns 39,054 shares of the utilities provider’s stock worth $2,147,000 after acquiring an additional 967 shares during the period. SG Americas Securities LLC purchased a new stake in shares of American States Water during the first quarter worth $176,000. Mackay Shields LLC purchased a new stake in shares of American States Water during the first quarter worth $1,974,000. Victory Capital Management Inc. increased its position in shares of American States Water by 5.0% during the first quarter. Victory Capital Management Inc. now owns 20,373 shares of the utilities provider’s stock worth $1,081,000 after acquiring an additional 979 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of American States Water by 8.7% during the first quarter. Prudential Financial Inc. now owns 113,852 shares of the utilities provider’s stock worth $6,041,000 after acquiring an additional 9,080 shares during the period. 73.90% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on the company. Wells Fargo & Co cut their target price on American States Water from $54.00 to $52.00 and set an “underperform” rating on the stock in a research report on Friday. Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a research report on Thursday, August 16th.

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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