American States Water Co. (NYSE:AWR) Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $38.85, for a total value of $23,310.00. Following the completion of the sale, the director now directly owns 52,362 shares of the company’s stock, valued at approximately $2,034,263.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of American States Water Co. (NYSE:AWR) opened at 37.62 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 23.38 and a beta of 0.35. The company’s 50-day moving average price is $39.50 and its 200 day moving average price is $40.70. American States Water Co. has a 1-year low of $37.28 and a 1-year high of $47.24.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The firm earned $111.95 million during the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that American States Water Co. will post $1.63 EPS for the current year.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock valued at $110,000 after buying an additional 1,092 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of American States Water during the second quarter valued at about $114,000. Advisor Group Inc. purchased a new stake in shares of American States Water during the second quarter valued at about $152,000. PineBridge Investments L.P. raised its stake in shares of American States Water by 3.9% in the second quarter. PineBridge Investments L.P. now owns 4,636 shares of the company’s stock valued at $204,000 after buying an additional 174 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of American States Water during the second quarter valued at about $206,000. 63.65% of the stock is owned by hedge funds and other institutional investors.
AWR has been the subject of several recent research reports. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and increased their price target for the company from $35.00 to $39.00 in a research note on Friday, August 5th. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays PLC decreased their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research note on Tuesday, September 6th.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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