Zacks: American States Water Company (AWR) Receives Consensus Rating of “Hold” from Analysts
American States Water Company (NYSE:AWR) has been given a consensus broker rating score of 3.00 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a one year consensus price target of $44.33 for the company and are anticipating 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 207 out of 265 based on the ratings given to its competitors.
A number of equities analysts have weighed in on AWR shares. Wells Fargo & Company upped their price target on shares of 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. BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Finally, Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.
American States Water (NYSE AWR) traded down 0.27% during midday trading on Friday, reaching $51.80. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 27.95 and a beta of 0.45. The stock’s 50 day moving average price is $50.08 and its 200 day moving average price is $47.54. American States Water has a 12 month low of $37.47 and a 12 month high of $52.22.
American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. During the same period in the previous year, the company earned $0.45 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts expect that American States Water will post $1.70 earnings per share for the current year.
In related news, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $49.43, for a total value of $61,787.50. Following the completion of the sale, the insider now directly owns 11,947 shares in the company, valued at approximately $590,540.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Holloway sold 5,450 shares of American States Water stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the completion of the sale, the director now owns 48,963 shares of the company’s stock, valued at $1,809,182.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,605 shares of company stock worth $1,572,067. 1.49% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position 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 last quarter. OppenheimerFunds Inc. boosted its stake in American States Water by 6,094.1% during the 1st quarter. OppenheimerFunds Inc. now owns 381,061 shares of the utilities provider’s stock worth $16,880,000 after purchasing an additional 374,909 shares during the last quarter. Vanguard Group Inc. boosted 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 purchasing an additional 201,727 shares during the last quarter. Independence Advisors LLC acquired a new stake in American States Water during the 2nd quarter worth $11,406,000. Finally, Copeland Capital Management LLC boosted 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 purchasing an additional 73,592 shares during the last quarter. Institutional investors own 65.47% of the company’s stock.
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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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