Diana M. Bonta Sells 1,675 Shares of American States Water Company (AWR) Stock

American States Water Company (NYSE:AWR) Director Diana M. Bonta sold 1,675 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total transaction of $96,178.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of American States Water Company (NYSE AWR) traded down $0.55 during trading hours on Friday, hitting $57.12. 191,856 shares of the stock traded hands, compared to its average volume of 161,270. American States Water Company has a 52 week low of $41.14 and a 52 week high of $58.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a market cap of $2,070.00, a P/E ratio of 31.52, a PEG ratio of 6.73 and a beta of 0.45.

American States Water (NYSE:AWR) last issued its earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). American States Water had a net margin of 15.28% and a return on equity of 13.34%. The firm had revenue of $124.40 million during the quarter, compared to analyst estimates of $145.78 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. equities research analysts predict that American States Water Company will post 1.72 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th were paid a $0.255 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.02 annualized dividend and a dividend yield of 1.79%. American States Water’s dividend payout ratio is presently 55.74%.

Several brokerages have issued reports on AWR. Wells Fargo & Company boosted their price target on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Tuesday, October 3rd. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $51.00.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of American States Water by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 3,768,089 shares of the utilities provider’s stock valued at $178,644,000 after purchasing an additional 74,002 shares in the last quarter. Pictet Asset Management Ltd. lifted its position in American States Water by 3.4% during the 2nd quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock worth $79,528,000 after buying an additional 57,074 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in American States Water by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,349,948 shares of the utilities provider’s stock worth $64,001,000 after buying an additional 30,991 shares in the last quarter. State Street Corp lifted its position in American States Water by 4.2% during the 2nd quarter. State Street Corp now owns 990,335 shares of the utilities provider’s stock worth $46,948,000 after buying an additional 39,563 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in American States Water by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 527,215 shares of the utilities provider’s stock worth $24,995,000 after buying an additional 18,600 shares in the last quarter. Institutional investors own 64.71% of the company’s stock.

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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).

Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

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