American States Water Company (NYSE:AWR – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.63 and last traded at $85.5450, with a volume of 89871 shares trading hands. The stock had previously closed at $85.05.
Wall Street Analyst Weigh In
AWR has been the topic of a number of recent research reports. Freedom Capital raised American States Water to a “hold” rating in a report on Monday, June 29th. Weiss Ratings upgraded American States Water from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Finally, Zacks Research downgraded shares of American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.
View Our Latest Analysis on American States Water
American States Water Stock Down 0.5%
American States Water (NYSE:AWR – Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. During the same quarter in the prior year, the company earned $0.70 earnings per share. American States Water’s revenue was up 14.3% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.504 dividend. This represents a $2.02 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, May 18th. American States Water’s dividend payout ratio is 58.89%.
Insider Buying and Selling
In other American States Water news, SVP Paul J. Rowley sold 1,304 shares of American States Water stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the sale, the senior vice president directly owned 6,520 shares in the company, valued at $495,846. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anne M. Holloway sold 662 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total transaction of $50,033.96. Following the completion of the transaction, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. This represents a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AWR. Baird Financial Group Inc. boosted its holdings in shares of American States Water by 23.7% in the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in American States Water by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock worth $1,943,000 after buying an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp lifted its position in American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock worth $370,000 after buying an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in American States Water by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock worth $22,394,000 after buying an additional 25,333 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in American States Water by 2,606.4% in the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after buying an additional 86,402 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.
About American States Water
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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