American States Water Co. (NYSE:AWR) Director Anne M. Holloway sold 1,500 shares of the stock in a transaction on Monday, November 28th. The shares were sold at an average price of $44.12, for a total value of $66,180.00. Following the completion of the transaction, the director now directly owns 40,696 shares in the company, valued at approximately $1,795,507.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American States Water Co. (NYSE:AWR) traded up 0.09% during mid-day trading on Tuesday, hitting $44.22. The company had a trading volume of 74,628 shares. The stock has a 50 day moving average price of $39.99 and a 200-day moving average price of $40.67. American States Water Co. has a 1-year low of $37.28 and a 1-year high of $47.24. The stock has a market capitalization of $1.62 billion, a PE ratio of 27.15 and a beta of 0.40.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, November 2nd. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. American States Water had a net margin of 13.69% and a return on equity of 12.65%. The company had revenue of $123.81 million for the quarter, compared to analysts’ expectations of $137.14 million. During the same quarter in the previous year, the company earned $0.56 EPS. American States Water’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts forecast that American States Water Co. will post $1.62 earnings per share for the current year.

Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Tuesday, November 15th will be paid a dividend of $0.242 per share. This is a boost from American States Water’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, November 10th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.19%. American States Water’s payout ratio is 59.51%.

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A number of brokerages have recently issued reports on AWR. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and raised their price objective for the company from $35.00 to $39.00 in a research note on Friday, August 5th. Zacks Investment Research cut American States Water from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Finally, Barclays PLC reduced their price objective on American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 6th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Fund Advisors boosted its position in American States Water by 8.2% in the third quarter. BlackRock Fund Advisors now owns 2,547,384 shares of the company’s stock worth $102,023,000 after buying an additional 193,234 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of American States Water by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,270,307 shares of the company’s stock valued at $55,663,000 after buying an additional 11,610 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of American States Water by 169.5% in the second quarter. Pictet Asset Management Ltd. now owns 1,105,190 shares of the company’s stock valued at $43,169,000 after buying an additional 695,100 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of American States Water by 2.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 956,852 shares of the company’s stock valued at $41,929,000 after buying an additional 26,862 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of American States Water by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 867,079 shares of the company’s stock valued at $34,725,000 after buying an additional 97,816 shares during the last quarter. Institutional investors own 63.61% of the company’s stock.

American States Water Company Profile

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.

5 Day Chart for NYSE:AWR

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