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American States Water (NYSE:AWR) Director James L. Anderson sold 3,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $32.39, for a total transaction of $113,365.00. Following the transaction, the director now directly owns 42,122 shares in the company, valued at approximately $1,364,332. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of American States Water (NYSE:AWR) traded down 0.62% during mid-day trading on Thursday, hitting $32.12. 71,774 shares of the company’s stock traded hands. American States Water has a 1-year low of $25.07 and a 1-year high of $34.00. The stock has a 50-day moving average of $31.37 and a 200-day moving average of $30.96. The company has a market cap of $1.243 billion and a P/E ratio of 21.36.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.43 by $0.04. The company had revenue of $115.60 million for the quarter, compared to the consensus estimate of $121.96 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts predict that American States Water will post $1.44 earnings per share for the current fiscal year.

Separately, analysts at Ladenburg Thalmann downgraded shares of American States Water from a “buy” rating to a “neutral” rating in a research note on Monday, August 11th.

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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