American States Water Co (NYSE:AWR) shares reached a new 52-week high on Tuesday . The company traded as high as $70.39 and last traded at $70.22, with a volume of 7707 shares. The stock had previously closed at $69.19.
Separately, Zacks Investment Research raised American States Water from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Monday, October 15th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. American States Water presently has an average rating of “Hold” and an average target price of $53.50.
The company has a market capitalization of $2.54 billion, a P/E ratio of 41.02, a P/E/G ratio of 5.76 and a beta of 0.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.94 and a quick ratio of 0.90.
In related news, Director Anne M. Holloway sold 500 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $67.04, for a total transaction of $33,520.00. Following the completion of the sale, the director now directly owns 38,763 shares of the company’s stock, valued at $2,598,671.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert J. Sprowls sold 4,000 shares of the stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $65.55, for a total value of $262,200.00. Following the sale, the chief executive officer now directly owns 122,270 shares of the company’s stock, valued at $8,014,798.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,100 shares of company stock valued at $470,666. Company insiders own 1.41% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AWR. Private Capital Group LLC grew its holdings in American States Water by 282.9% during the fourth quarter. Private Capital Group LLC now owns 471 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 348 shares during the period. Pearl River Capital LLC bought a new position in American States Water during the fourth quarter valued at $34,000. Clean Yield Group bought a new position in American States Water during the fourth quarter valued at $40,000. Litman Gregory Asset Management LLC bought a new position in American States Water during the fourth quarter valued at $67,000. Finally, Rational Advisors LLC bought a new position in American States Water during the fourth quarter valued at $135,000. 74.39% of the stock is owned by institutional investors.
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About American States Water (NYSE:AWR)
American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.
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