Insider Selling: American States Water (NYSE:AWR) SVP Sells $99,169.20 in Stock

American States Water Company (NYSE:AWR) SVP Paul Rowley sold 1,304 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $76.05, for a total value of $99,169.20. Following the transaction, the senior vice president owned 6,520 shares of the company’s stock, valued at $495,846. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American States Water Price Performance

American States Water stock opened at $75.73 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The company has a market capitalization of $2.97 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. American States Water Company has a one year low of $69.45 and a one year high of $81.24. The business has a 50 day simple moving average of $76.22 and a 200 day simple moving average of $74.43.

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

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. American States Water’s dividend payout ratio (DPR) is 58.89%.

Institutional Investors Weigh In On American States Water

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quantinno Capital Management LP increased its holdings in American States Water by 114.0% during the 1st quarter. Quantinno Capital Management LP now owns 46,328 shares of the utilities provider’s stock valued at $3,503,000 after purchasing an additional 24,676 shares in the last quarter. Dean Capital Management acquired a new stake in American States Water during the 1st quarter valued at $3,530,000. Waverly Advisors LLC acquired a new stake in American States Water during the 1st quarter valued at $325,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in American States Water during the 1st quarter valued at $1,764,000. Finally, Renaissance Technologies LLC increased its holdings in American States Water by 131.1% during the 1st quarter. Renaissance Technologies LLC now owns 105,600 shares of the utilities provider’s stock valued at $7,985,000 after purchasing an additional 59,900 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About American States Water

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.