American States Water Co. (AWR) Stock Price Up 2.1%
American States Water Co. (NYSE:AWR)’s share price rose 2.1% during mid-day trading on Wednesday . The company traded as high as $41.57 and last traded at $40.87, with a volume of 300,424 shares. The stock had previously closed at $40.02.
AWR has been the subject of several recent research reports. Zacks Investment Research downgraded American States Water from a “buy” rating to a “hold” rating in a report on Monday, May 9th. Janney Montgomery Scott reaffirmed a “sell” rating and set a $35.00 price target (down from $36.00) on shares of American States Water in a report on Friday, May 6th. Ladenburg Thalmann raised American States Water from a “sell” rating to a “neutral” rating and decreased their price target for the stock from $40.00 to $39.00 in a report on Wednesday, May 11th. Finally, Barclays PLC decreased their price target on American States Water from $42.00 to $40.00 and set an “underweight” rating for the company in a report on Friday, May 20th.
The firm has a market capitalization of $1.50 billion and a P/E ratio of 25.46. The company’s 50 day moving average price is $42.96 and its 200-day moving average price is $41.74.
American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. During the same period in the previous year, the company earned $0.41 earnings per share. The firm earned $111.95 million during the quarter, compared to analyst estimates of $113.01 million. The business’s revenue for the quarter 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 announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be given a $0.224 dividend. This represents a $0.90 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Thursday, August 11th.
In other American States Water news, CEO Robert J. Sprowls sold 4,342 shares of the company’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $44.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
An institutional investor recently raised its position in American States Water stock. KBC Group NV boosted its stake in American States Water Co. (NYSE:AWR) by 65.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent 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), 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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