American States Water Company (NYSE:AWR) CEO Robert J. Sprowls sold 9,586 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total value of $488,981.86. Following the completion of the sale, the chief executive officer now directly owns 111,454 shares of the company’s stock, valued at $5,685,268.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of American States Water Company (AWR) traded up 0.14% during mid-day trading on Thursday, hitting $51.45. The company had a trading volume of 108,786 shares. The stock’s 50-day moving average is $48.48 and its 200-day moving average is $45.72. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 27.77 and a beta of 0.47. American States Water Company has a 52-week low of $37.47 and a 52-week high of $51.75.

American States Water (NYSE:AWR) last issued its quarterly earnings data 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. The business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.45 earnings per share. Equities analysts forecast that American States Water Company will post $1.70 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.255 per share. The ex-dividend date is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 1.98%. American States Water’s payout ratio is currently 52.43%.

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AWR has been the subject of a number of research analyst reports. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BidaskClub raised American States Water from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Finally, US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th.

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of American States Water during the fourth quarter valued at about $8,671,000. Teachers Advisors LLC increased its position in shares of American States Water by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 60,650 shares of the utilities provider’s stock valued at $2,763,000 after buying an additional 1,573 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of American States Water by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the utilities provider’s stock valued at $660,000 after buying an additional 200 shares in the last quarter. Pinnacle Bank acquired a new position in shares of American States Water during the first quarter valued at about $177,000. Finally, State of Alaska Department of Revenue increased its position in shares of American States Water by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock valued at $178,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.57% 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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