American States Water Company (NYSE:AWR) VP Bryan K. Switzer sold 2,923 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $49.81, for a total value of $145,594.63. Following the sale, the vice president now owns 17,528 shares in the company, valued at $873,069.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of American States Water Company (NYSE AWR) opened at 48.88 on Friday. American States Water Company has a one year low of $37.47 and a one year high of $51.75. The stock has a market capitalization of $1.79 billion, a P/E ratio of 26.38 and a beta of 0.47. The stock has a 50 day moving average price of $48.87 and a 200 day moving average price of $46.01.
American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. During the same period in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts forecast that American States Water Company will post $1.70 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a boost 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 dividend payout ratio is currently 55.14%.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWR. Pinebridge Investments L.P. boosted 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 worth $229,000 after buying an additional 51 shares in the last quarter. State of Alaska Department of Revenue boosted 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 worth $178,000 after buying an additional 80 shares in the last quarter. Eqis Capital Management Inc. boosted 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 worth $637,000 after buying an additional 93 shares in the last quarter. IFP Advisors Inc boosted 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 worth $263,000 after buying an additional 101 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 worth $672,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.
Several equities research analysts have recently weighed in on AWR shares. BidaskClub downgraded American States Water from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th.
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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