Shares of American States Water Co. (NYSE:AWR) dropped 3.6% during mid-day trading on Tuesday . The stock 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.

AWR has been the subject of several recent research reports. Zacks Investment Research upgraded American States Water from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, April 27th. Janney Montgomery Scott reiterated a “sell” rating and set a $35.00 target price (down from $36.00) on shares of American States Water in a research report on Friday, May 6th. Ladenburg Thalmann upgraded American States Water from a “sell” rating to a “neutral” rating and cut their target price for the company from $40.00 to $39.00 in a research report on Wednesday, May 11th. Finally, Barclays PLC cut their target price on American States Water from $42.00 to $40.00 and set an “underweight” rating for the company in a research report on Friday, May 20th.

The company has a market capitalization of $1.50 billion and a PE ratio of 25.46. The firm’s 50 day moving average price is $42.92 and its 200-day moving average price is $41.74.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $111.95 million for the quarter, compared to analysts’ expectations of $113.01 million. The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts anticipate that American States Water Co. will post $1.65 earnings per share for the current year.

The firm 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 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Thursday, August 11th.

In related news, CEO Robert J. Sprowls sold 4,342 shares of the 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 completion of the sale, the chief executive officer now directly owns 91,874 shares of the company’s stock, valued at $4,042,456. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

An institutional investor recently raised its position in American States Water stock. KBC Group NV raised its position in shares of American States Water Co. (NYSE:AWR) by 65.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,488 shares of the company’s stock after buying an additional 38,654 shares during the period. KBC Group NV owned 0.27% of American States Water worth $4,090,000 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.

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