American States Water Company (NYSE:AWR - Get Free Report) Director Anne Holloway sold 900 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the transaction, the director directly owned 38,518 shares in the company, valued at $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
American States Water Price Performance
Shares of NYSE AWR opened at $89.43 on Friday. The stock has a market cap of $3.55 billion, a P/E ratio of 24.50, a P/E/G ratio of 3.37 and a beta of 0.57. The firm's 50-day simple moving average is $84.48 and its 200 day simple moving average is $78.73. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $90.42. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.75.
American States Water (NYSE:AWR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.16. The firm had revenue of $181.29 million during the quarter, compared to analyst estimates of $171.72 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. American States Water's revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. Equities analysts expect that American States Water Company will post 3.68 EPS for the current year.
American States Water Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be paid a $0.5455 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from American States Water's previous quarterly dividend of $0.50. American States Water's dividend payout ratio (DPR) is currently 59.73%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AWR. Baird Financial Group Inc. lifted its holdings in American States Water by 23.7% in the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider's stock valued at $256,000 after acquiring an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of American States Water by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider's stock worth $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider's stock worth $370,000 after purchasing an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of American States Water by 9.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider's stock worth $22,394,000 after purchasing an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of American States Water by 2,606.4% in the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider's stock worth $7,059,000 after purchasing an additional 86,402 shares in the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on AWR shares. Freedom Capital upgraded shares of American States Water to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings raised American States Water from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Finally, Zacks Research downgraded American States Water from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, American States Water currently has an average rating of "Hold".
Get Our Latest Analysis 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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
