American States Water Company (NYSE:AWR) Director Lloyd E. Ross sold 600 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

American States Water Company (NYSE:AWR) traded up 0.06% during trading on Friday, reaching $51.97. 54,979 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $49.98 and a 200 day moving average price of $47.49. The stock has a market capitalization of $1.90 billion, a P/E ratio of 28.05 and a beta of 0.45. American States Water Company has a 1-year low of $37.47 and a 1-year high of $52.22.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million during the quarter, compared to analyst estimates of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. Equities research analysts expect that American States Water Company will post $1.70 earnings per share for the current year.

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A number of brokerages recently commented on AWR. BidaskClub downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Wells Fargo & Company boosted their target price on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. American States Water presently has an average rating of “Hold” and a consensus target price of $44.50.

A number of hedge funds have recently made changes to their positions in the business. Crow Point Partners LLC acquired a new position in American States Water during the 3rd quarter worth $482,000. Eqis Capital Management Inc. grew its holdings in American States Water by 9.0% during the 3rd quarter. Eqis Capital Management Inc. now owns 14,653 shares of the utilities provider’s stock worth $722,000 after acquiring an additional 1,211 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in American States Water during the 2nd quarter worth $375,000. Raymond James Financial Services Advisors Inc. grew its holdings in American States Water by 0.5% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock worth $2,165,000 after acquiring an additional 239 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in American States Water during the 2nd quarter worth $309,000. 65.47% of the stock is owned by institutional investors.

About American States Water

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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