American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 2,672 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $72.90, for a total transaction of $194,788.80. Following the completion of the transaction, the chief executive officer now directly owns 118,761 shares of the company’s stock, valued at approximately $8,657,676.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:AWR opened at $72.51 on Wednesday. The company has a market capitalization of $2.68 billion, a P/E ratio of 42.16, a price-to-earnings-growth ratio of 6.12 and a beta of 0.07. American States Water Co has a 52 week low of $53.92 and a 52 week high of $73.23. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.78.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $101.70 million for the quarter, compared to analyst estimates of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 earnings per share. On average, sell-side analysts predict that American States Water Co will post 1.99 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, May 15th. American States Water’s payout ratio is presently 63.95%.
Separately, Wells Fargo & Co reissued a “sell” rating on shares of American States Water in a research note on Tuesday, March 26th.
Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of American States Water by 9.2% during the first quarter. Geode Capital Management LLC now owns 429,003 shares of the utilities provider’s stock worth $30,587,000 after purchasing an additional 36,024 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of American States Water by 4.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 276,205 shares of the utilities provider’s stock worth $19,694,000 after purchasing an additional 10,828 shares in the last quarter. Blueshift Asset Management LLC increased its position in shares of American States Water by 77.8% during the first quarter. Blueshift Asset Management LLC now owns 5,456 shares of the utilities provider’s stock worth $389,000 after purchasing an additional 2,387 shares in the last quarter. AQR Capital Management LLC increased its position in shares of American States Water by 19.7% during the first quarter. AQR Capital Management LLC now owns 50,048 shares of the utilities provider’s stock worth $3,568,000 after purchasing an additional 8,223 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of American States Water during the first quarter worth $41,000. 71.75% of the stock is currently owned by institutional investors and hedge funds.
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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