Key Points
- Director Anne Holloway sold 662 shares of American States Water on May 20 at an average price of $75.58, totaling about $50,034. After the sale, she still owned 39,418 shares, a 1.65% reduction in her position.
- The company reported mixed quarterly results: EPS of $0.76 slightly missed estimates by $0.01, but revenue came in above expectations at $169.19 million, up 14.3% year over year.
- American States Water continues its dividend payout with a quarterly dividend of $0.504 per share, payable June 2, which works out to an annualized yield of about 2.6%.
American States Water Company (NYSE:AWR - Get Free Report) Director Anne Holloway sold 662 shares of the firm's 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 transaction, the director owned 39,418 shares of the company's stock, valued at approximately $2,979,212.44. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
American States Water Trading Up 0.5%
AWR opened at $76.30 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $81.24. The company's 50 day moving average price is $76.29 and its two-hundred day moving average price is $74.52. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.95 and a beta of 0.60.
American States Water (NYSE:AWR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business had revenue of $169.19 million for the quarter, compared to analyst estimates of $157.02 million. During the same quarter last year, the firm posted $0.70 EPS. American States Water's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be issued a dividend of $0.504 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 annualized dividend and a 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 and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of American States Water by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider's stock worth $360,657,000 after buying an additional 118,702 shares during the period. Morgan Stanley lifted its position in shares of American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider's stock valued at $97,648,000 after acquiring an additional 758,452 shares during the period. Geode Capital Management LLC boosted its stake in American States Water by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 907,840 shares of the utilities provider's stock worth $65,810,000 after acquiring an additional 2,812 shares in the last quarter. First Trust Advisors LP boosted its stake in American States Water by 9.6% during the third quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider's stock worth $63,400,000 after acquiring an additional 75,977 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in American States Water by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,848 shares of the utilities provider's stock worth $53,625,000 after purchasing an additional 5,898 shares during the period. 75.24% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Zacks Research upgraded American States Water from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. Weiss Ratings reissued a "hold (c)" rating on shares of American States Water in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".
Check Out Our Latest Stock Report on American States Water
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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