American States Water Company (NYSE:AWR) VP Bryan K. Switzer sold 2,923 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $49.81, for a total transaction of $145,594.63. Following the completion of the sale, the vice president now directly owns 17,528 shares of the company’s stock, valued at $873,069.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of American States Water Company (NYSE:AWR) traded down 0.71% during midday trading on Thursday, hitting $48.90. 36,397 shares of the stock were exchanged. The company has a market cap of $1.79 billion, a PE ratio of 26.39 and a beta of 0.47. The firm has a 50-day moving average price of $48.79 and a 200-day moving average price of $45.95. American States Water Company has a 12-month low of $37.47 and a 12-month high of $51.75.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The business had revenue of $113.20 million during the quarter, compared to analyst estimates of $119.23 million. During the same period in the previous year, the business posted $0.45 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that American States Water Company will post $1.70 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a yield of 2.07%. American States Water’s dividend payout ratio (DPR) is currently 55.14%.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.

A number of hedge funds have recently modified their holdings of the stock. Pictet Asset Management Ltd. increased its stake in shares of American States Water by 0.3% in the first quarter. Pictet Asset Management Ltd. now owns 1,679,726 shares of the utilities provider’s stock valued at $74,412,000 after buying an additional 5,247 shares in the last quarter. Comerica Bank increased its stake in shares of American States Water by 4.0% in the first quarter. Comerica Bank now owns 40,803 shares of the utilities provider’s stock valued at $1,863,000 after buying an additional 1,578 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of American States Water by 12.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,491 shares of the utilities provider’s stock valued at $376,000 after buying an additional 930 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of American States Water by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 954,997 shares of the utilities provider’s stock valued at $42,306,000 after buying an additional 33,107 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of American States Water by 19.8% in the first quarter. First Trust Advisors LP now owns 508,615 shares of the utilities provider’s stock valued at $22,532,000 after buying an additional 83,918 shares in the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

American States Water Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as 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).

Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

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