Key Points
- American States Water SVP Paul Rowley sold 1,304 shares on May 15 at an average price of $76.05, totaling about $99,169. After the sale, he still held 6,520 shares, marking a 16.67% reduction in his stake.
- The stock was down 2.2% and opened at $75.73, near its 50-day moving average of $76.22. The company currently has a market cap of about $2.97 billion and a beta of 0.60.
- American States Water reported mixed quarterly results, missing EPS estimates by $0.01 with earnings of $0.76 per share, but beating revenue expectations at $169.19 million. The company also announced a quarterly dividend of $0.504 per share, implying a 2.7% yield.
American States Water Company (NYSE:AWR - Get Free Report) SVP Paul Rowley sold 1,304 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the transaction, the senior vice president directly owned 6,520 shares of the company's stock, valued at approximately $495,846. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
American States Water Trading Down 2.2%
Shares of NYSE:AWR opened at $75.73 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The stock's 50-day moving average is $76.22 and its 200-day moving average is $74.44. The company has a market cap of $2.97 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.01 and a beta of 0.60. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $169.19 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. Equities research analysts predict that American States Water Company will post 3.71 earnings per share for the current year.
American States Water Announces Dividend
The firm also recently disclosed 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. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. American States Water's dividend payout ratio is currently 58.89%.
Analysts Set New Price Targets
AWR has been the topic of a number of research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American States Water in a research report on Monday, April 20th. 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. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".
Read Our Latest Research Report on AWR
Hedge Funds Weigh In On American States Water
A number of institutional investors have recently modified their holdings of AWR. Teacher Retirement System of Texas raised its position in American States Water by 150.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider's stock worth $1,072,000 after purchasing an additional 8,776 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $52,847,000 after purchasing an additional 258,388 shares during the last quarter. AlphaQuest LLC acquired a new position in American States Water in the third quarter valued at about $945,000. JPMorgan Chase & Co. boosted its holdings in American States Water by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider's stock worth $23,696,000 after buying an additional 62,341 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its holdings in American States Water by 206.4% during the third quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider's stock worth $5,756,000 after buying an additional 52,885 shares during the last quarter. 75.24% of the stock is owned by institutional investors.
American States Water Company Profile
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Get Free Report)
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.
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