Shares of American States Water Co (NYSE:AWR) have earned an average broker rating score of 3.67 (Sell) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and two have issued a hold rating on the company. American States Water’s rating score has declined by 22.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12-month consensus price target of $49.00 for the company and are expecting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 207 out of 265 based on the ratings given to its competitors.

A number of research analysts recently weighed in on AWR shares. Wells Fargo & Co raised their price target on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price on the stock in a research note on Monday, October 23rd.

Shares of American States Water (NYSE:AWR) traded down $0.69 during trading on Wednesday, reaching $55.80. 107,200 shares of the company were exchanged, compared to its average volume of 233,767. The stock has a market cap of $2,020.00, a price-to-earnings ratio of 30.49, a PEG ratio of 7.78 and a beta of 0.48. American States Water has a 1 year low of $41.14 and a 1 year high of $58.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The company had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $145.78 million. American States Water had a net margin of 15.28% and a return on equity of 13.34%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 earnings per share. equities analysts anticipate that American States Water will post 1.72 EPS for the current fiscal year.

In other news, insider Denise L. Kruger sold 1,250 shares of American States Water stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.88, for a total transaction of $67,350.00. Following the sale, the insider now owns 8,216 shares of the company’s stock, valued at approximately $442,678.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Diana M. Bonta sold 1,675 shares of American States Water stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total transaction of $96,178.50. The disclosure for this sale can be found here. Insiders sold a total of 5,025 shares of company stock worth $279,898 over the last three months. Corporate insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in shares of American States Water by 85.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,196 shares during the period. Bruderman Asset Management LLC purchased a new stake in shares of American States Water during the 2nd quarter valued at approximately $127,000. Cetera Advisor Networks LLC purchased a new stake in shares of American States Water during the 3rd quarter valued at approximately $201,000. Advisor Group Inc. raised its position in shares of American States Water by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after buying an additional 609 shares during the period. Finally, Meeder Asset Management Inc. raised its position in shares of American States Water by 328.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock valued at $207,000 after buying an additional 3,226 shares during the period. 64.98% of the stock is currently owned by hedge funds and other institutional investors.

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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).

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