American States Water (NYSE:AWR) Director Anne Holloway Buys 135 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway acquired 135 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was purchased at an average cost of $75.92 per share, with a total value of $10,249.20. Following the completion of the acquisition, the director owned 39,553 shares of the company’s stock, valued at $3,002,863.76. The trade was a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American States Water Trading Down 0.6%

NYSE:AWR opened at $75.48 on Wednesday. The company has a market cap of $2.96 billion, a PE ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 0.60. The business’s 50 day moving average is $76.23 and its two-hundred day moving average is $74.45. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. American States Water Company has a 52 week low of $69.45 and a 52 week high of $81.24.

American States Water (NYSE:AWR) last issued 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). The firm had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. American States Water’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. On average, analysts predict that American States Water Company will post 3.71 EPS for the current year.

American States Water Dividend Announcement

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after buying an additional 758,452 shares during the last quarter. Principal Financial Group Inc. increased its position in American States Water by 55.9% in the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after buying an additional 258,388 shares during the period. Pictet Asset Management Holding SA lifted its stake in American States Water by 28.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after buying an additional 164,559 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of American States Water by 512.8% during the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 157,276 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American States Water by 632.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $11,157,000 after acquiring an additional 132,929 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

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.