American States Water VP Unloads $74,644 in Stock (AWR)
American States Water (NYSE:AWR) VP Bryan K. Switzer unloaded 2,418 shares of the stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $30.87, for a total value of $74,643.66. Following the sale, the vice president now directly owns 12,984 shares in the company, valued at approximately $400,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks downgraded shares of American States Water from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $34.70 price target on the stock.
American States Water (NYSE:AWR) traded up 0.16% on Monday, hitting $30.80. 84,506 shares of the company’s stock traded hands. American States Water has a one year low of $25.07 and a one year high of $33.085. The stock has a 50-day moving average of $29.81 and a 200-day moving average of $29.4. The company has a market cap of $1.194 billion and a price-to-earnings ratio of 19.92.
American States Water (NYSE:AWR) last released its earnings data on Tuesday, May 6th. The company reported $0.28 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.06. The company had revenue of $101.95 million for the quarter, compared to the consensus estimate of $110.70 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts predict that American States Water will post $1.49 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, August 13th. This is a positive change from American States Water’s previous quarterly dividend of $0.20.
American States Water Company (NYSE:AWR), is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS)).
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