American States Water Co. (NYSE:AWR) shares rose 1.5% during trading on Wednesday . The stock traded as high as $43.93 and last traded at $43.60, with a volume of 61,278 shares trading hands. The stock had previously closed at $42.95.

AWR has been the subject of several recent research reports. Janney Montgomery Scott lowered shares of American States Water from a “buy” rating to a “neutral” rating in a research note on Monday, March 28th. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday, April 27th. Barclays PLC reduced their target price on shares of American States Water from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Friday, May 20th. Finally, Ladenburg Thalmann raised shares of American States Water from a “sell” rating to a “neutral” rating and reduced their target price for the company from $40.00 to $39.00 in a report on Wednesday, May 11th.

The firm’s 50 day moving average is $41.50 and its 200 day moving average is $41.51. The stock has a market cap of $1.60 billion and a PE ratio of 27.93.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.28 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.03. The firm had revenue of $93.50 million for the quarter, compared to the consensus estimate of $104.88 million. American States Water’s revenue was down 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Equities analysts forecast that American States Water Co. will post $1.67 EPS for the current year.

In other news, VP Gladys Farrow sold 1,521 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $40.07, for a total transaction of $60,946.47. Following the completion of the transaction, the vice president now owns 2,386 shares of the company’s stock, valued at approximately $95,607.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Robert J. Sprowls sold 4,342 shares of the company’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $44.00, for a total transaction of $191,048.00. Following the transaction, the chief executive officer now directly owns 91,874 shares of the company’s stock, valued at approximately $4,042,456. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Baillie Gifford & Co. increased its position in American States Water by 38.2% in the fourth quarter. Baillie Gifford & Co. now owns 294,228 shares of the company’s stock worth $12,343,000 after buying an additional 81,260 shares in the last quarter. WBI Investments Inc. increased its position in American States Water by 82.8% in the fourth quarter. WBI Investments Inc. now owns 117,047 shares of the company’s stock worth $4,910,000 after buying an additional 53,028 shares in the last quarter. Dimensional Fund Advisors LP increased its position in American States Water by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,236,381 shares of the company’s stock worth $51,867,000 after buying an additional 38,627 shares in the last quarter. PNC Financial Services Group Inc. increased its position in American States Water by 6.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 98,381 shares of the company’s stock worth $4,126,000 after buying an additional 5,646 shares in the last quarter. Finally, Russell Frank Co increased its position in American States Water by 3.0% in the fourth quarter. Russell Frank Co now owns 189,046 shares of the company’s stock worth $8,140,000 after buying an additional 5,510 shares in the last quarter.

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) and its subsidiaries (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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