American States Water Co (NYSE:AWR) Director Lloyd E. Ross sold 500 shares of American States Water stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $64.88, for a total transaction of $32,440.00. Following the completion of the sale, the director now owns 49,279 shares of the company’s stock, valued at $3,197,221.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AWR traded down $0.82 during trading on Friday, hitting $66.90. 158,323 shares of the stock traded hands, compared to its average volume of 172,441. American States Water Co has a twelve month low of $50.06 and a twelve month high of $69.61. The company has a market cap of $2.49 billion, a P/E ratio of 39.12, a P/E/G ratio of 5.64 and a beta of 0.10. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.94 and a quick ratio of 0.90.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. American States Water had a net margin of 14.64% and a return on equity of 11.75%. The business had revenue of $124.20 million during the quarter, compared to the consensus estimate of $133.64 million. During the same period in the previous year, the business earned $0.57 earnings per share. The company’s revenue was down .2% on a year-over-year basis. On average, analysts expect that American States Water Co will post 1.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 15th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, February 14th. This represents a $1.10 annualized dividend and a dividend yield of 1.64%. American States Water’s dividend payout ratio (DPR) is presently 64.33%.
Separately, Zacks Investment Research downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $53.50.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of American States Water by 3.4% during the third quarter. BlackRock Inc. now owns 5,537,867 shares of the utilities provider’s stock worth $338,586,000 after buying an additional 179,576 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of American States Water by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,159,887 shares of the utilities provider’s stock worth $254,336,000 after buying an additional 64,527 shares in the last quarter. Vanguard Group Inc increased its holdings in shares of American States Water by 1.6% during the third quarter. Vanguard Group Inc now owns 4,159,887 shares of the utilities provider’s stock worth $254,336,000 after buying an additional 64,527 shares in the last quarter. Northern Trust Corp increased its holdings in shares of American States Water by 2.7% during the second quarter. Northern Trust Corp now owns 655,379 shares of the utilities provider’s stock worth $37,461,000 after buying an additional 17,445 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of American States Water by 3.6% during the third quarter. Bank of New York Mellon Corp now owns 629,347 shares of the utilities provider’s stock worth $38,477,000 after buying an additional 21,961 shares in the last quarter. Institutional investors own 71.03% of the company’s stock.
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About American States Water
American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.
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