American States Water Co (NYSE:AWR) has received a consensus broker rating score of 3.67 (Sell) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and two have given a hold recommendation to the company. American States Water’s rating score has declined by 22.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price target of $49.00 for the company and are predicting that the company will post $0.35 EPS for the current quarter, according to Zacks. Zacks has also given American States Water an industry rank of 189 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut American States Water from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo & Co cut American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research note on Monday, December 18th.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Wednesday, February 14th. American States Water’s payout ratio is 55.74%.
In other American States Water news, Director Lloyd E. Ross sold 1,100 shares of the stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.79, for a total transaction of $61,369.00. Following the transaction, the director now owns 50,706 shares in the company, valued at approximately $2,828,887.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Diana M. Bonta sold 1,675 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $57.42, for a total value of $96,178.50. The disclosure for this sale can be found here. Insiders have sold a total of 3,775 shares of company stock worth $212,548 in the last quarter. Company insiders own 1.49% of the company’s stock.
A number of hedge funds have recently bought and sold shares of AWR. Front Row Advisors LLC bought a new position in American States Water during the 4th quarter worth $116,000. Cetera Advisor Networks LLC bought a new position in American States Water during the 3rd quarter worth $201,000. Advisor Group Inc. increased its position in American States Water by 16.3% during the 2nd quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock worth $205,000 after buying an additional 609 shares during the period. Meeder Asset Management Inc. increased its position in 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 worth $207,000 after buying an additional 3,226 shares during the period. Finally, Amalgamated Bank increased its position in American States Water by 3.1% during the 2nd quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock worth $238,000 after buying an additional 152 shares during the period. Hedge funds and other institutional investors own 65.44% 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).
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