American States Water Company (AWR) Receives Average Recommendation of “Hold” from Analysts

American States Water Company (NYSE:AWR) has been given a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.

Brokerages have set a 12-month consensus price target of $44.33 for the company and are forecasting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 199 out of 265 based on the ratings given to its competitors.

Several research firms have issued reports on AWR. BidaskClub upgraded American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Wells Fargo & Company increased their price objective on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Finally, Zacks Investment Research lowered American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.

American States Water (NYSE AWR) traded up 0.32% during trading on Thursday, hitting $53.00. 155,040 shares of the stock traded hands. American States Water has a one year low of $37.47 and a one year high of $53.40. The stock has a market cap of $1.94 billion, a PE ratio of 28.60 and a beta of 0.45. The company has a 50-day moving average price of $50.37 and a 200 day moving average price of $47.76.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm had revenue of $113.20 million during the quarter, compared to analyst estimates of $119.23 million. During the same period in the prior year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts expect that American States Water will post $1.70 earnings per share for the current year.

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In other news, insider Denise L. Kruger sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $49.43, for a total value of $61,787.50. Following the completion of the sale, the insider now directly owns 11,947 shares in the company, valued at $590,540.21. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James B. Gallagher sold 1,932 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $50.97, for a total value of $98,474.04. Following the completion of the sale, the vice president now owns 23,667 shares of the company’s stock, valued at $1,206,306.99. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock valued at $1,572,067 over the last quarter. Corporate insiders own 1.49% of the company’s stock.

Several large investors have recently made changes to their positions in AWR. Swiss National Bank increased its stake in shares of American States Water by 1.7% in the first quarter. Swiss National Bank now owns 60,200 shares of the utilities provider’s stock valued at $2,667,000 after buying an additional 1,000 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of American States Water by 52.4% in the first quarter. UBS Asset Management Americas Inc. now owns 26,975 shares of the utilities provider’s stock valued at $1,195,000 after buying an additional 9,274 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of American States Water by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 232,523 shares of the utilities provider’s stock valued at $10,301,000 after buying an additional 14,619 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of American States Water in the first quarter valued at $140,000. Finally, Mason Street Advisors LLC increased its stake in shares of American States Water by 7.1% in the first quarter. Mason Street Advisors LLC now owns 8,555 shares of the utilities provider’s stock valued at $379,000 after buying an additional 564 shares in the last quarter. Institutional investors own 65.48% 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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