American States Water Co. (NYSE:AWR)’s share price fell 3.6% on Tuesday . The company traded as low as $39.71 and last traded at $39.89, with a volume of 167,759 shares changing hands. The stock had previously closed at $41.37.

A number of equities research analysts have commented on the company. Barclays PLC reissued a “sell” rating on shares of American States Water in a report on Sunday, May 22nd. Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and raised their target price for the company from $35.00 to $39.00 in a report on Friday, August 5th. Finally, Ladenburg Thalmann raised 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 has a market capitalization of $1.46 billion and a P/E ratio of 24.87. The company’s 50 day moving average price is $43.03 and its 200-day moving average price is $41.78.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. During the same period in the prior year, the company posted $0.41 earnings per share. The firm had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts expect that American States Water Co. will post $1.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be given a dividend of $0.224 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, CEO Robert J. Sprowls sold 4,342 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $44.00, for a total transaction of $191,048.00. Following the sale, the chief executive officer now directly owns 91,874 shares of the company’s stock, valued at approximately $4,042,456. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

An institutional investor recently raised its position in American States Water stock. KBC Group NV increased its position in American States Water Co. (NYSE:AWR) by 65.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,488 shares of the company’s stock after buying an additional 38,654 shares during the period. KBC Group NV owned approximately 0.27% of American States Water worth $4,090,000 as of its most recent filing with the SEC.

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 various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.

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