American States Water (NYSE:AWR) Director Buys $10,069.65 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 135 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were bought at an average cost of $74.59 per share, with a total value of $10,069.65. Following the transaction, the director directly owned 39,280 shares of the company’s stock, valued at approximately $2,929,895.20. This represents a 0.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

American States Water Stock Up 0.5%

AWR stock opened at $76.30 on Friday. American States Water Company has a twelve month low of $69.45 and a twelve month high of $81.24. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $2.99 billion, a P/E ratio of 22.25, a PEG ratio of 2.95 and a beta of 0.60. The firm has a 50 day simple moving average of $76.29 and a 200-day simple moving average of $74.52.

American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company had revenue of $169.19 million for the quarter, compared to analyst estimates of $157.02 million. During the same period in the previous year, the business posted $0.70 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, equities research analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a dividend of $0.504 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.6%. American States Water’s dividend payout ratio (DPR) is presently 58.89%.

Hedge Funds Weigh In On American States Water

Several large investors have recently added to or reduced their stakes in AWR. State of Wyoming bought a new position in American States Water during the second quarter worth $26,000. Aster Capital Management DIFC Ltd lifted its stake in American States Water by 610.5% during the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 464 shares during the last quarter. IFP Advisors Inc lifted its stake in American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 292 shares during the last quarter. Plato Investment Management Ltd bought a new position in American States Water during the fourth quarter worth $45,000. Finally, Motiv8 Investments LLC bought a new position in American States Water during the fourth quarter worth $45,000. 75.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AWR has been the subject of a number of recent analyst reports. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, American States Water currently has a consensus rating of “Buy”.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.