American States Water Company (NYSE:AWR) has been given an average broker rating score of 3.00 (Hold) from the four brokers that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating.

Analysts have set a 1-year consensus price objective of $45.33 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 110 out of 265 based on the ratings given to its competitors.

Several analysts recently commented on AWR shares. BidaskClub upgraded American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Wells Fargo & Company boosted their price target on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th.

In related news, Director Anne M. Holloway sold 5,450 shares of the business’s stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the completion of the sale, the director now directly owns 48,963 shares in the company, valued at $1,809,182.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denise L. Kruger sold 1,250 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $49.43, for a total value of $61,787.50. Following the sale, the insider now owns 11,947 shares of the company’s stock, valued at $590,540.21. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $1,572,067 over the last quarter. 1.49% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its position in shares of American States Water by 59.2% during the second quarter. BNP Paribas Arbitrage SA now owns 13,514 shares of the utilities provider’s stock worth $641,000 after purchasing an additional 5,023 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of American States Water by 5.3% during the second quarter. Principal Financial Group Inc. now owns 334,952 shares of the utilities provider’s stock worth $15,880,000 after purchasing an additional 16,830 shares in the last quarter. California Public Employees Retirement System increased its position in shares of American States Water by 7.5% during the first quarter. California Public Employees Retirement System now owns 79,100 shares of the utilities provider’s stock worth $3,504,000 after purchasing an additional 5,500 shares in the last quarter. Chicago Equity Partners LLC purchased a new stake in shares of American States Water during the second quarter worth approximately $2,454,000. Finally, BKS Advisors LLC increased its position in shares of American States Water by 1.0% during the second quarter. BKS Advisors LLC now owns 55,551 shares of the utilities provider’s stock worth $2,634,000 after purchasing an additional 531 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

American States Water (NYSE AWR) traded down 1.84% on Monday, hitting $53.74. 109,219 shares of the company were exchanged. The stock has a market capitalization of $1.97 billion, a P/E ratio of 29.00 and a beta of 0.45. American States Water has a 52-week low of $38.21 and a 52-week high of $56.31. The stock’s 50-day moving average price is $52.13 and its 200-day moving average price is $48.75.

American States Water (NYSE:AWR) last announced its earnings results 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 business had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. On average, equities research analysts anticipate that American States Water will post $1.70 earnings per share for the current fiscal year.

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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).

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