Anne Holloway Sells 662 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWRGet Free Report) Director Anne Holloway sold 662 shares of American States Water stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total value of $50,033.96. Following the transaction, the director owned 39,418 shares in the company, valued at $2,979,212.44. This trade represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

American States Water Price Performance

NYSE AWR opened at $76.61 on Friday. The company has a market capitalization of $3.00 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The business’s fifty day moving average is $76.36 and its 200 day moving average is $74.53. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $81.24.

American States Water (NYSE:AWRGet Free Report) last released its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). The company had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. American States Water’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share. Sell-side analysts predict that American States Water Company will post 3.71 earnings per share for the current year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a dividend of $0.504 per share. The ex-dividend date is Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.6%. American States Water’s payout ratio is 58.89%.

Hedge Funds Weigh In On American States Water

Several large investors have recently made changes to their positions in AWR. Morgan Stanley lifted its position in shares of American States Water by 128.8% in the fourth quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after acquiring an additional 758,452 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of American States Water by 55.9% in the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after acquiring an additional 258,388 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of American States Water by 28.7% in the fourth quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock worth $53,495,000 after purchasing an additional 164,559 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of American States Water by 512.8% in the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock worth $13,780,000 after purchasing an additional 157,276 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of American States Water by 632.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $11,157,000 after purchasing an additional 132,929 shares during the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AWR shares. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research upgraded American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, American States Water presently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on AWR

American States Water Company Profile

(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.

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Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

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