American States Water (NYSE:AWR) Director Sells 528 Shares

American States Water Company (NYSE:AWR) Director Anne Holloway sold 528 shares of the stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $75.90, for a total value of $40,075.20. Following the completion of the sale, the director directly owned 39,145 shares of the company’s stock, valued at $2,971,105.50. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

American States Water Stock Performance

AWR stock traded down $0.36 on Wednesday, hitting $75.50. The company’s stock had a trading volume of 62,271 shares, compared to its average volume of 240,339. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.92 and a beta of 0.64. The firm has a 50 day moving average of $73.43 and a two-hundred day moving average of $75.64. The company has a current ratio of 1.56, a quick ratio of 1.46 and a debt-to-equity ratio of 0.97. American States Water Company has a 1 year low of $69.45 and a 1 year high of $86.97.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, November 5th. The utilities provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.05. The business had revenue of $182.72 million during the quarter, compared to analysts’ expectations of $178.79 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. Equities analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be paid a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 14th. American States Water’s dividend payout ratio (DPR) is 59.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AWR. State of Wyoming acquired a new stake in shares of American States Water during the second quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its holdings in American States Water by 610.5% in the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after buying an additional 464 shares during the period. EverSource Wealth Advisors LLC raised its position in American States Water by 337.0% in the second quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 556 shares during the period. Hantz Financial Services Inc. raised its stake in shares of American States Water by 14,025.0% during the third quarter. Hantz Financial Services Inc. now owns 1,130 shares of the utilities provider’s stock valued at $83,000 after purchasing an additional 1,122 shares during the period. Finally, Strs Ohio purchased a new position in American States Water in the 1st quarter valued at about $87,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $77.50.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.