American States Water Company (NYSE:AWR) CEO Robert J. Sprowls sold 5,614 shares of American States Water stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $286,314.00. Following the sale, the chief executive officer now directly owns 111,346 shares of the company’s stock, valued at approximately $5,678,646. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

American States Water Company (NYSE:AWR) opened at 50.56 on Wednesday. American States Water Company has a 1-year low of $37.47 and a 1-year high of $51.10. The firm’s 50 day moving average price is $48.34 and its 200-day moving average price is $45.52. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 27.31 and a beta of 0.47.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.17. The firm had revenue of $113.20 million during the quarter, compared to the consensus estimate of $119.23 million. American States Water had a net margin of 15.44% and a return on equity of 13.70%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. On average, equities analysts anticipate that American States Water Company will post $1.70 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be given a $0.255 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 2.02%. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s dividend payout ratio (DPR) is presently 52.43%.

WARNING: This news story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this news story on another domain, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/08/09/american-states-water-company-nyseawr-ceo-robert-j-sprowls-sells-5614-shares.html.

AWR has been the subject of a number of research reports. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th. BidaskClub upgraded American States Water from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Finally, US Capital Advisors reiterated a “hold” rating on shares of American States Water in a research note on Monday, July 17th.

A number of large investors have recently made changes to their positions in the stock. Comerica Bank increased its stake in shares of American States Water by 4.0% in the first quarter. Comerica Bank now owns 40,803 shares of the utilities provider’s stock worth $1,863,000 after buying an additional 1,578 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of American States Water by 12.3% in the first quarter. BNP Paribas Arbitrage SA now owns 8,491 shares of the utilities provider’s stock worth $376,000 after buying an additional 930 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of American States Water by 3.6% in the first quarter. Bank of New York Mellon Corp now owns 954,997 shares of the utilities provider’s stock worth $42,306,000 after buying an additional 33,107 shares during the last quarter. First Trust Advisors LP increased its stake in shares of American States Water by 19.8% in the first quarter. First Trust Advisors LP now owns 508,615 shares of the utilities provider’s stock worth $22,532,000 after buying an additional 83,918 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in shares of American States Water by 8.4% in the first quarter. Eqis Capital Management Inc. now owns 13,349 shares of the utilities provider’s stock worth $591,000 after buying an additional 1,034 shares during the last quarter. Hedge funds and other institutional investors own 67.57% 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 ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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

Receive News & Ratings for American States Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water Company and related companies with MarketBeat.com's FREE daily email newsletter.