Shares of American States Water Co. (NYSE:AWR) have been given a consensus broker rating score of 3.33 (Hold) from the six brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating and five have given a hold rating to the company. American States Water’s rating score has improved by 9.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $39.50 for the company and are forecasting that the company will post $0.57 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 76 out of 265 based on the ratings given to its competitors.
AWR has been the subject of a number of recent research reports. Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, October 4th. Janney Montgomery Scott upgraded American States Water from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $35.00 to $39.00 in a research report on Friday, August 5th. Finally, Barclays PLC dropped their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research report on Tuesday, September 6th.
American States Water (NYSE:AWR) opened at 38.33 on Monday. The firm’s 50 day moving average price is $39.23 and its 200-day moving average price is $40.67. The company has a market capitalization of $1.40 billion, a PE ratio of 23.82 and a beta of 0.35. American States Water has a 12-month low of $37.28 and a 12-month 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, beating the Zacks’ consensus estimate of $0.44 by $0.01. The firm earned $111.95 million during the quarter, compared to the consensus estimate of $113.01 million. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.41 EPS. On average, equities analysts anticipate that American States Water will post $1.63 earnings per share for the current fiscal year.
In other American States Water news, Director Anne M. Holloway sold 986 shares of American States Water stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $40.01, for a total value of $39,449.86. Following the transaction, the director now directly owns 41,583 shares of the company’s stock, valued at approximately $1,663,735.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana M. Bonta sold 980 shares of American States Water stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $39.62, for a total value of $38,827.60. Following the completion of the transaction, the director now directly owns 23,972 shares in the company, valued at $949,770.64. The disclosure for this sale can be found here. 1.43% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its position in shares of 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 boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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. boosted its position in shares of 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.
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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