American States Water (NYSE:AWR) Director Purchases $10,249.20 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway acquired 135 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was acquired at an average price of $75.92 per share, for a total transaction of $10,249.20. Following the purchase, the director directly owned 39,553 shares of the company’s stock, valued at approximately $3,002,863.76. This trade represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

American States Water Stock Up 0.5%

NYSE:AWR opened at $76.30 on Friday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 22.25, a PEG ratio of 2.95 and a beta of 0.60. American States Water Company has a 1-year low of $69.45 and a 1-year high of $81.24. The company’s fifty day moving average price is $76.29 and its 200-day moving average price is $74.52. 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 (NYSE:AWR) last released its quarterly earnings data 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 business 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 firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. As a group, equities research analysts anticipate that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a $0.504 dividend. The ex-dividend date is Monday, May 18th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.6%. American States Water’s dividend payout ratio is presently 58.89%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Zacks Research upgraded 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 research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Institutional Trading of American States Water

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWR. Morgan Stanley grew its position in American States Water by 128.8% during the fourth quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after buying an additional 758,452 shares during the period. Principal Financial Group Inc. lifted its holdings in American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after purchasing an additional 258,388 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings 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 valued at $53,495,000 after purchasing an additional 164,559 shares in the last quarter. Franklin Resources Inc. lifted its holdings 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 valued at $13,780,000 after purchasing an additional 157,276 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of American States Water by 632.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock worth $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.

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.