American States Water Company (NYSE:AWR)‘s stock had its “hold” rating restated by investment analysts at US Capital Advisors in a research note issued on Monday, July 17th.
A number of other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. BidaskClub cut shares of American States Water from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd.
Shares of American States Water (AWR) opened at 50.75 on Monday. The company has a market cap of $1.86 billion, a P/E ratio of 27.42 and a beta of 0.47. The stock’s 50 day moving average price is $48.33 and its 200-day moving average price is $45.43. American States Water has a 52-week low of $37.47 and a 52-week high of $51.01.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.17. The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities analysts expect that American States Water will post $1.69 EPS for the current year.
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In other American States Water news, insider Denise L. Kruger sold 1,250 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $45.62, for a total value of $57,025.00. Following the transaction, the insider now directly owns 15,697 shares in the company, valued at $716,097.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gladys Farrow sold 1,210 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $45.30, for a total transaction of $54,813.00. Following the completion of the transaction, the vice president now owns 2,357 shares in the company, valued at $106,772.10. The disclosure for this sale can be found here. Insiders sold 40,564 shares of company stock worth $1,881,391 in the last 90 days. 1.43% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of American States Water during the first quarter valued at approximately $140,000. Pinnacle Bank bought a new stake in shares of American States Water during the first quarter worth about $177,000. State of Alaska Department of Revenue increased its stake in shares of American States Water by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 4,040 shares of the utilities provider’s stock worth $178,000 after buying an additional 80 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of American States Water during the second quarter worth about $208,000. Finally, Franklin Resources Inc. bought a new stake in shares of American States Water during the fourth quarter worth about $219,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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