Anne Holloway Purchases 527 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway bought 527 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $75.92 per share, for a total transaction of $40,009.84. Following the transaction, the director owned 40,080 shares in the company, valued at approximately $3,042,873.60. This represents a 1.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

American States Water Stock Performance

AWR stock opened at $75.89 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a market cap of $2.97 billion, a PE ratio of 22.13, a P/E/G ratio of 2.94 and a beta of 0.60. The business has a 50 day moving average of $76.23 and a 200-day moving average of $74.48. American States Water Company has a 12-month low of $69.45 and a 12-month high of $81.24.

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

American States Water Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AWR shares. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Institutional Trading of American States Water

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of American States Water by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,975,947 shares of the utilities provider’s stock worth $360,657,000 after acquiring an additional 118,702 shares during the period. Morgan Stanley raised its stake in American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after acquiring an additional 758,452 shares during the period. Geode Capital Management LLC lifted its holdings in American States Water by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 907,840 shares of the utilities provider’s stock valued at $65,810,000 after purchasing an additional 2,812 shares during the last quarter. First Trust Advisors LP lifted its holdings in American States Water by 9.6% during the third quarter. First Trust Advisors LP now owns 864,708 shares of the utilities provider’s stock valued at $63,400,000 after purchasing an additional 75,977 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in American States Water by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 739,848 shares of the utilities provider’s stock worth $53,625,000 after purchasing an additional 5,898 shares during the period. 75.24% of the stock is currently owned by institutional investors.

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.