American States Water Company (NYSE:AWR – Get Free Report) Director Anne Holloway bought 527 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $75.92 per share, with a total value of $40,009.84. Following the completion of the transaction, the director directly owned 40,080 shares of the company’s stock, valued at $3,042,873.60. This trade represents a 1.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
American States Water Stock Performance
AWR opened at $76.30 on Friday. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 22.25, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. American States Water Company has a 1-year low of $69.45 and a 1-year high of $81.24. The business has a 50 day moving average price of $76.29 and a two-hundred day moving average price of $74.52.
American States Water (NYSE:AWR – Get Free Report) last released 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). The firm had revenue of $169.19 million during the quarter, compared to analyst estimates of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $0.70 earnings per share. Research analysts predict that American States Water Company will post 3.71 EPS for the current fiscal year.
American States Water Dividend Announcement
Hedge Funds Weigh In On American States Water
Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in American States Water by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock valued at $360,657,000 after acquiring an additional 118,702 shares in the last quarter. Morgan Stanley increased its stake 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 worth $97,648,000 after acquiring an additional 758,452 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of American States Water by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 907,840 shares of the utilities provider’s stock worth $65,810,000 after acquiring an additional 2,812 shares during the last quarter. First Trust Advisors LP increased its stake in shares of American States Water by 9.6% in the third quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock worth $63,400,000 after acquiring an additional 75,977 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of American States Water by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 739,848 shares of the utilities provider’s stock worth $53,625,000 after acquiring an additional 5,898 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
Analyst Upgrades and Downgrades
AWR has been the topic of several research reports. Zacks Research raised American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.
Check Out Our Latest Report on American States Water
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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