American States Water (NYSE:AWR) Director Purchases $10,143.00 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 138 shares of American States Water stock in a transaction that occurred on Monday, February 23rd. The stock was acquired at an average price of $73.50 per share, for a total transaction of $10,143.00. Following the transaction, the director directly owned 39,418 shares of the company’s stock, valued at $2,897,223. The trade was a 0.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

American States Water Price Performance

AWR traded down $0.44 during trading hours on Tuesday, hitting $75.48. The company’s stock had a trading volume of 181,817 shares, compared to its average volume of 342,124. The business’s 50-day moving average price is $76.23 and its 200-day moving average price is $74.45. American States Water Company has a 12 month low of $69.45 and a 12 month high of $81.24. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 0.60. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. During the same quarter in the prior year, the firm posted $0.70 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts expect that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be given a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, May 18th. American States Water’s payout ratio is currently 58.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AWR. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American States Water presently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AWR. State of Wyoming bought a new position in American States Water during the second quarter valued at $26,000. Aster Capital Management DIFC Ltd increased its position in American States Water by 610.5% during the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 464 shares during the last quarter. IFP Advisors Inc increased its position in American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 292 shares during the last quarter. Plato Investment Management Ltd bought a new position in American States Water during the fourth quarter valued at $45,000. Finally, Motiv8 Investments LLC bought a new position in American States Water during the fourth quarter valued at $45,000. Institutional investors own 75.24% of the company’s stock.

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.