American States Water Company (NYSE:AWR) CEO Robert J. Sprowls Sells 5,614 Shares

American States Water Company (NYSE:AWR) CEO Robert J. Sprowls sold 5,614 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $51.00, for a total transaction of $286,314.00. Following the completion of the transaction, the chief executive officer now owns 111,346 shares of the company’s stock, valued at $5,678,646. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of American States Water Company (NYSE AWR) traded up 0.91% on Friday, hitting $48.88. 194,935 shares of the company traded hands. The firm has a market capitalization of $1.79 billion, a P/E ratio of 26.38 and a beta of 0.47. American States Water Company has a 1-year low of $37.47 and a 1-year high of $51.75. The firm’s 50-day moving average is $48.83 and its 200 day moving average is $45.97.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.17. The business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. On average, analysts anticipate that American States Water Company will post $1.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be issued a $0.255 dividend. The ex-dividend date is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 dividend on an annualized basis and a yield of 2.09%. American States Water’s payout ratio is currently 55.14%.

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Several institutional investors have recently bought and sold shares of AWR. Pinebridge Investments L.P. increased its position in American States Water by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 4,824 shares of the utilities provider’s stock valued at $229,000 after buying an additional 51 shares during the period. State of Alaska Department of Revenue increased its position in 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 valued at $178,000 after buying an additional 80 shares during the period. Eqis Capital Management Inc. increased its position in American States Water by 0.7% in the second quarter. Eqis Capital Management Inc. now owns 13,442 shares of the utilities provider’s stock valued at $637,000 after buying an additional 93 shares during the period. IFP Advisors Inc increased its position in American States Water by 1.9% in the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after buying an additional 101 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in American States Water by 0.9% in the first quarter. PNC Financial Services Group Inc. now owns 15,165 shares of the utilities provider’s stock valued at $672,000 after buying an additional 139 shares during the period. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Several brokerages recently issued reports on AWR. BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.

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).