Key Points
- Director Anne Holloway bought 135 shares of American States Water (NYSE:AWR) at $74.59 each, a transaction worth about $10,069.65, increasing her holdings to 39,280 shares.
- The company recently reported mixed quarterly results, with EPS of $0.76 missing estimates by $0.01, while revenue of $169.19 million beat expectations and rose 14.3% year over year.
- American States Water declared a quarterly dividend of $0.504 per share, implying an annualized dividend of $2.02 and a yield of 2.7%.
American States Water Company (NYSE:AWR - Get Free Report) Director Anne Holloway bought 135 shares of the company's stock in a transaction that occurred on Friday, November 14th. The stock was purchased at an average price of $74.59 per share, for a total transaction of $10,069.65. Following the acquisition, the director directly owned 39,280 shares in the company, valued at approximately $2,929,895.20. This trade represents a 0.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
American States Water Stock Performance
AWR opened at $75.48 on Wednesday. The firm has a market capitalization of $2.96 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The stock's 50 day moving average price is $76.23 and its two-hundred day moving average price 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 12-month low of $69.45 and a 12-month 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 (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%.The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, equities analysts forecast that American States Water Company will post 3.71 earnings per share for the current year.
American States Water Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a $0.504 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water's payout ratio is currently 58.89%.
Institutional Trading of American States Water
A number of hedge funds and other institutional investors have recently made changes to their positions in AWR. State of Wyoming bought a new position in shares of American States Water in the second quarter valued at about $26,000. Aster Capital Management DIFC Ltd grew its holdings in American States Water by 610.5% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider's stock worth $40,000 after acquiring an additional 464 shares during the last quarter. IFP Advisors Inc increased its position in American States Water by 113.6% in the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in American States Water in the 4th quarter valued at about $45,000. Finally, Motiv8 Investments LLC bought a new position in shares of American States Water in the fourth quarter worth about $45,000. 75.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on AWR. Weiss Ratings restated a "hold (c)" rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research upgraded shares of American States Water from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".
Read Our Latest Analysis on AWR
About American States Water
(
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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