Shares of American States Water Company (NYSE:AWR) have received a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.

Analysts have set a 1 year consensus target price of $43.67 for the company and are predicting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also given American States Water an industry rank of 205 out of 265 based on the ratings given to related companies.

AWR has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday. BidaskClub upgraded shares of American States Water from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th.

ILLEGAL ACTIVITY NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/04/zacks-american-states-water-company-awr-given-consensus-rating-of-hold-by-analysts.html.

Shares of American States Water (AWR) traded up 1.00% during mid-day trading on Wednesday, hitting $51.62. The stock had a trading volume of 152,343 shares. The company’s 50 day moving average price is $49.86 and its 200 day moving average price is $47.43. The stock has a market cap of $1.89 billion, a P/E ratio of 27.86 and a beta of 0.45. American States Water has a 12-month low of $37.47 and a 12-month high of $51.98.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities research analysts predict that American States Water will post $1.70 EPS for the current fiscal year.

In other news, CEO Robert J. Sprowls sold 5,614 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $51.00, for a total value of $286,314.00. Following the sale, the chief executive officer now owns 111,346 shares in the company, valued at approximately $5,678,646. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert J. Sprowls sold 9,586 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total transaction of $488,981.86. Following the completion of the sale, the chief executive officer now owns 111,454 shares in the company, valued at approximately $5,685,268.54. The disclosure for this sale can be found here. Insiders sold a total of 32,005 shares of company stock worth $1,541,035 in the last quarter. 1.49% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of American States Water by 9,491.3% in the 1st quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after purchasing an additional 4,542,365 shares in the last quarter. Vanguard Group Inc. raised its stake in American States Water by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,768,089 shares of the utilities provider’s stock worth $178,644,000 after acquiring an additional 74,002 shares during the period. Pictet Asset Management Ltd. raised its stake in American States Water by 3.4% during the second quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock worth $79,528,000 after acquiring an additional 57,074 shares during the period. Dimensional Fund Advisors LP raised its stake in American States Water by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,948 shares of the utilities provider’s stock worth $64,001,000 after acquiring an additional 30,991 shares during the period. Finally, State Street Corp raised its stake in American States Water by 4.2% during the second quarter. State Street Corp now owns 990,335 shares of the utilities provider’s stock worth $46,948,000 after acquiring an additional 39,563 shares during the period. Institutional investors and hedge funds own 65.47% 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).

Get a free copy of the Zacks research report on American States Water (AWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for American States Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water Company and related companies with MarketBeat.com's FREE daily email newsletter.