American States Water Co. (AWR) Trading Up 2.1%
Shares of American States Water Co. (NYSE:AWR) were up 2.1% during trading on Wednesday . The stock traded as high as $41.57 and last traded at $40.87, with a volume of 300,424 shares traded. The stock had previously closed at $40.02.
Several analysts have recently commented on AWR shares. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Wednesday, April 27th. Janney Montgomery Scott reiterated a “sell” rating and issued a $35.00 price objective (down previously from $36.00) on shares of American States Water in a research note on Friday, May 6th. Ladenburg Thalmann upgraded shares of American States Water from a “sell” rating to a “neutral” rating and reduced their price objective for the company from $40.00 to $39.00 in a research note on Wednesday, May 11th. Finally, Barclays PLC reduced their price objective on shares of American States Water from $42.00 to $40.00 and set an “underweight” rating for the company in a research note on Friday, May 20th.
The firm’s 50-day moving average is $42.89 and its 200-day moving average is $41.73. The firm has a market capitalization of $1.51 billion and a PE ratio of 25.69.
American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $111.95 million for the quarter, compared to the consensus estimate of $113.01 million. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Analysts anticipate that American States Water Co. will post $1.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 15th will be paid a dividend of $0.224 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.90 annualized dividend and a yield of 2.17%.
In other American States Water news, CEO Robert J. Sprowls sold 4,342 shares of the business’s stock in a transaction on Tuesday, July 5th. The shares were 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 owns 91,874 shares in the company, valued at $4,042,456. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
An institutional investor recently raised its position in American States Water stock. KBC Group NV raised its stake 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 (SEC). 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 about 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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