American States Water Company (NYSE:AWR – Get Free Report) Director Anne Holloway bought 135 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was bought at an average price of $74.59 per share, for a total transaction of $10,069.65. Following the completion of the acquisition, the director directly owned 39,280 shares in the company, valued at approximately $2,929,895.20. The trade was a 0.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American States Water Stock Down 0.6%
Shares of American States Water stock opened at $75.48 on Wednesday. American States Water Company has a 12-month low of $69.45 and a 12-month high of $81.24. The firm has a market capitalization of $2.96 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average is $76.23 and its 200-day moving average is $74.45.
American States Water (NYSE:AWR – Get Free Report) last issued its quarterly 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). The company had revenue of $169.19 million during the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 EPS. Equities analysts anticipate that American States Water Company will post 3.71 earnings per share for the current year.
American States Water Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Morgan Stanley raised its holdings in shares of American States Water by 128.8% during the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after purchasing an additional 758,452 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 worth $52,847,000 after purchasing an additional 258,388 shares in the last quarter. Pictet Asset Management Holding SA increased its position in American States Water by 28.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock worth $53,495,000 after buying an additional 164,559 shares during the last quarter. Franklin Resources Inc. increased its position in American States Water by 512.8% during the third quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock worth $13,780,000 after buying an additional 157,276 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American States Water by 632.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after buying an additional 132,929 shares in the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on AWR. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, American States Water has an average rating of “Buy”.
Read Our Latest Analysis on American States Water
American States Water Company Profile
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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