American States Water Co. (AWR) Sees Large Volume Increase
Shares of American States Water Co. (NYSE:AWR) saw an uptick in trading volume on Thursday . 275,798 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 158,005 shares.The stock last traded at $40.87 and had previously closed at $40.13.
Several research firms have recently weighed in on AWR. Zacks Investment Research upgraded American States Water from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Janney Montgomery Scott upgraded American States Water from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $39.00 in a report on Friday, August 5th. Ladenburg Thalmann upgraded American States Water from a “sell” rating to a “neutral” rating and reduced their price target for the stock from $40.00 to $39.00 in a report on Wednesday, May 11th. Finally, Barclays PLC restated a “sell” rating on shares of American States Water in a report on Sunday, May 22nd.
The company has a market cap of $1.44 billion and a P/E ratio of 24.49. The company has a 50-day moving average price of $42.36 and a 200-day moving average price of $41.51.
American States Water (NYSE:AWR) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. During the same period last year, the company posted $0.41 EPS. The company had revenue of $111.95 million for the quarter, compared to analysts’ expectations of $113.01 million. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. On average, equities research analysts predict that American States Water Co. will post $1.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 15th will be issued a dividend of $0.224 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.90 dividend on an annualized basis and a yield of 2.27%.
In related news, CEO Robert J. Sprowls sold 4,342 shares of the stock in a transaction dated 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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Holloway sold 986 shares of the stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $40.01, for a total value of $39,449.86. Following the sale, the director now directly owns 41,583 shares in the company, valued at approximately $1,663,735.83. The disclosure for this sale can be found here.
An institutional investor recently raised its position in American States Water stock. Dimensional Fund Advisors LP increased its position in American States Water Co. (NYSE:AWR) by 3.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 approximately 3.37% of American States Water worth $51,867,000 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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