Todays Report: The 600 Shares of Stock are sold by American States Water Co. (AWR) Director Lloyd E. Ross

The 600 Shares of Stock are sold by American States Water Co. (AWR) Director Lloyd E. Ross

American States Water Co. (NYSE:AWR) Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $38.85, for a total transaction of $23,310.00. Following the completion of the sale, the director now directly owns 52,362 shares of the company’s stock, valued at $2,034,263.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.

American States Water Co. (NYSE:AWR) opened at 37.62 on Friday. American States Water Co. has a 52-week low of $37.28 and a 52-week high of $47.24. The stock’s 50 day moving average is $39.50 and its 200-day moving average is $40.70. The company has a market capitalization of $1.38 billion, a P/E ratio of 23.38 and a beta of 0.35.

American States Water (NYSE:AWR) last announced its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The company’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 EPS. Analysts predict that American States Water Co. will post $1.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pictet Asset Management Ltd. boosted its position in shares of American States Water by 169.5% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,190 shares of the company’s stock worth $43,169,000 after buying an additional 695,100 shares during the period. Bank of New York Mellon Corp boosted its position in shares of American States Water by 35.2% in the second quarter. Bank of New York Mellon Corp now owns 769,263 shares of the company’s stock worth $33,709,000 after buying an additional 200,272 shares during the period. AHL Partners LLP acquired a new position in shares of American States Water during the second quarter worth about $7,926,000. Baillie Gifford & Co. boosted its position in shares of American States Water by 45.2% in the second quarter. Baillie Gifford & Co. now owns 561,470 shares of the company’s stock worth $24,604,000 after buying an additional 174,780 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of American States Water during the second quarter worth about $5,793,000. 63.65% of the stock is owned by institutional investors.

AWR has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday. Barclays PLC reduced their price objective on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research report on Tuesday, September 6th. Finally, Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $35.00 to $39.00 in a research report on Friday, August 5th.

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