American States Water (NYSE:AWR) SVP Sells $99,169.20 in Stock

by · The Cerbat Gem

American States Water Company (NYSE:AWRGet Free Report) SVP Paul Rowley sold 1,304 shares of the stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the transaction, the senior vice president directly owned 6,520 shares in the company, valued at $495,846. The trade was a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

American States Water Stock Down 2.2%

Shares of AWR stock traded down $1.68 during trading hours on Friday, hitting $75.73. 212,794 shares of the company were exchanged, compared to its average volume of 292,010. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. American States Water Company has a one year low of $69.45 and a one year high of $81.24. The business’s 50-day simple moving average is $76.24 and its two-hundred day simple moving average is $74.43. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.02 and a beta of 0.60.

American States Water (NYSE:AWRGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company had revenue of $169.19 million for the quarter, compared to the consensus estimate of $157.02 million. During the same period in the previous year, the business posted $0.70 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts predict that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a dividend of $0.504 per share. The ex-dividend date is Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water’s dividend payout ratio is 58.89%.

Institutional Investors Weigh In On American States Water

Institutional investors and hedge funds have recently bought and sold shares of the business. Teacher Retirement System of Texas increased its stake in shares of American States Water by 150.3% in the third quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock valued at $1,072,000 after purchasing an additional 8,776 shares during the period. Principal Financial Group Inc. increased its stake in shares of American States Water by 55.9% in the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after purchasing an additional 258,388 shares during the period. AlphaQuest LLC acquired a new stake in shares of American States Water in the third quarter valued at approximately $945,000. JPMorgan Chase & Co. increased its stake in shares of American States Water by 23.9% in the third quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after purchasing an additional 62,341 shares during the period. Finally, Tudor Investment Corp ET AL increased its stake in shares of American States Water by 206.4% in the third quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider’s stock valued at $5,756,000 after purchasing an additional 52,885 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, American States Water presently has a consensus rating of “Buy”.

View Our Latest Report on American States Water

American States Water Company Profile

(Get Free Report)

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.

Featured Articles