American States Water Co. (NYSE:AWR) shares fell 2.6% during mid-day trading on Friday . The stock traded as low as $39.67 and last traded at $39.67, with a volume of 88,038 shares traded. The stock had previously closed at $40.73.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and upped their target price for the company from $35.00 to $39.00 in a research note on Friday, August 5th. Ladenburg Thalmann raised shares of American States Water from a “sell” rating to a “neutral” rating and lowered their target price for the company from $40.00 to $39.00 in a research note on Wednesday, May 11th. Finally, Barclays PLC reissued a “sell” rating on shares of American States Water in a research note on Sunday, May 22nd.

The stock has a market cap of $1.44 billion and a PE ratio of 24.49. The firm has a 50 day moving average of $42.36 and a 200 day moving average of $41.51.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm earned $111.95 million during the quarter, compared to analyst estimates of $113.01 million. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. Equities analysts predict that American States Water Co. will post $1.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a $0.224 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.27%. 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 stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $44.00, for a total value of $191,048.00. Following the completion of the sale, the chief executive officer now owns 91,874 shares in the company, valued at $4,042,456. The sale 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. Dimensional Fund Advisors LP boosted its position in shares of American States Water Co. (NYSE:AWR) by 3.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,236,381 shares of the company’s stock after buying an additional 38,627 shares during the period. Dimensional Fund Advisors LP owned 3.37% of American States Water worth $51,867,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.