American States Water Co (NYSE:AWR) Director Diana M. Bonta sold 1,797 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $51.05, for a total transaction of $91,736.85. Following the transaction, the director now owns 21,676 shares in the company, valued at approximately $1,106,559.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
American States Water Co (AWR) traded down $0.02 on Wednesday, reaching $53.00. 258,649 shares of the company’s stock traded hands, compared to its average volume of 382,586. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.61. American States Water Co has a fifty-two week low of $42.26 and a fifty-two week high of $60.00. The company has a market capitalization of $1,950.00, a P/E ratio of 28.34, a PEG ratio of 6.00 and a beta of 0.41.
American States Water (NYSE:AWR) last released its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The business had revenue of $104.18 million during the quarter, compared to the consensus estimate of $121.02 million. American States Water had a return on equity of 13.50% and a net margin of 15.74%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 earnings per share. research analysts expect that American States Water Co will post 1.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th were given a dividend of $0.255 per share. The ex-dividend date was Wednesday, February 14th. This represents a $1.02 annualized dividend and a dividend yield of 1.92%. American States Water’s payout ratio is 54.55%.
Several research firms have weighed in on AWR. UBS Group began coverage on shares of American States Water in a research report on Thursday, March 8th. They issued a “sell” rating and a $42.00 price target on the stock. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co downgraded shares of American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research report on Monday, December 18th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. American States Water has an average rating of “Hold” and a consensus price target of $48.50.
Hedge funds have recently made changes to their positions in the company. Front Row Advisors LLC bought a new stake in shares of American States Water during the 4th quarter valued at $116,000. Cetera Advisor Networks LLC bought a new stake in shares of American States Water during the 3rd quarter valued at $201,000. Hoylecohen LLC bought a new stake in shares of American States Water during the 4th quarter valued at $220,000. Eldridge Investment Advisors Inc. bought a new stake in shares of American States Water during the 4th quarter valued at $235,000. Finally, Invictus RG bought a new stake in shares of American States Water during the 3rd quarter valued at $253,000. Hedge funds and other institutional investors own 66.39% 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).
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