American States Water Co. (NYSE:AWR) Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $38.85, for a total value 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 approximately $2,034,263.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of American States Water Co. (NYSE:AWR) opened at 37.62 on Friday. The firm has a market cap of $1.38 billion, a PE ratio of 23.38 and a beta of 0.35. The company’s 50-day moving average price is $39.50 and its 200 day moving average price is $40.70. American States Water Co. has a 1-year low of $37.28 and a 1-year high of $47.24.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The firm earned $111.95 million during the quarter, compared to analyst estimates of $113.01 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that American States Water Co. will post $1.63 EPS for the current year.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its stake in shares of American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock valued at $110,000 after buying an additional 1,092 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of American States Water during the second quarter valued at about $114,000. Advisor Group Inc. purchased a new stake in shares of American States Water during the second quarter valued at about $152,000. PineBridge Investments L.P. raised its stake in shares of American States Water by 3.9% in the second quarter. PineBridge Investments L.P. now owns 4,636 shares of the company’s stock valued at $204,000 after buying an additional 174 shares during the period. Finally, GW Henssler & Associates Ltd. purchased a new stake in shares of American States Water during the second quarter valued at about $206,000. 63.65% of the stock is owned by hedge funds and other institutional investors.
AWR has been the subject of several recent research reports. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and increased their price target for the company from $35.00 to $39.00 in a research note on Friday, August 5th. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Barclays PLC decreased their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research note on Tuesday, September 6th.
American States Water Company Profile