American States Water Co. (NYSE:AWR) VP Denise L. Kruger sold 500 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $39.96, for a total value of $19,980.00. Following the transaction, the vice president now directly owns 19,476 shares in the company, valued at approximately $778,260.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
American States Water Co. (NYSE:AWR) opened at 37.62 on Monday. The company has a market cap of $1.38 billion, a PE ratio of 23.38 and a beta of 0.35. American States Water Co. has a 52 week low of $37.28 and a 52 week high of $47.24. The company has a 50-day moving average price of $39.50 and a 200 day moving average price of $40.70.
American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The business had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. During the same period last year, the company posted $0.41 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that American States Water Co. will post $1.63 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWR. BlackRock Fund Advisors raised its position in American States Water by 2.1% in the second quarter. BlackRock Fund Advisors now owns 2,354,150 shares of the company’s stock worth $103,159,000 after buying an additional 48,623 shares during the period. Dimensional Fund Advisors LP raised its position in American States Water by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,270,307 shares of the company’s stock worth $55,663,000 after buying an additional 11,610 shares during the period. Pictet Asset Management Ltd. raised its position in American States Water by 169.5% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,190 shares of the company’s stock worth $43,169,000 after buying an additional 695,100 shares during the period. JPMorgan Chase & Co. raised its position in American States Water by 1.4% in the first quarter. JPMorgan Chase & Co. now owns 976,409 shares of the company’s stock worth $38,431,000 after buying an additional 13,134 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in American States Water by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 956,852 shares of the company’s stock worth $41,929,000 after buying an additional 26,862 shares during the period. 63.65% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently commented on AWR. Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Barclays PLC cut their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 6th. Finally, Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and upped their target price for the company from $35.00 to $39.00 in a research note on Friday, August 5th.
About American States Water
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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