American States Water (NYSE:AWR) Director Anne Holloway Sells 662 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 662 shares of American States Water stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of the sale, the director owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

American States Water Trading Up 0.5%

Shares of NYSE:AWR opened at $76.30 on Friday. The business’s 50 day simple moving average is $76.29 and its 200 day simple moving average is $74.52. American States Water Company has a 1 year low of $69.45 and a 1 year high of $81.24. 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 $2.99 billion, a P/E ratio of 22.25, a P/E/G ratio of 2.95 and a beta of 0.60.

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

American States Water Announces Dividend

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

Hedge Funds Weigh In On American States Water

A number of institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its position in American States Water by 29.1% in the first quarter. California State Teachers Retirement System now owns 46,460 shares of the utilities provider’s stock valued at $3,513,000 after buying an additional 10,464 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of American States Water by 114.0% in the 1st quarter. Quantinno Capital Management LP now owns 46,328 shares of the utilities provider’s stock valued at $3,503,000 after acquiring an additional 24,676 shares during the last quarter. Dean Capital Management acquired a new stake in shares of American States Water during the 1st quarter valued at $3,530,000. Waverly Advisors LLC acquired a new stake in shares of American States Water during the 1st quarter valued at $325,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in American States Water during the 1st quarter worth $1,764,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research raised American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average 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.