American States Water Company (AWR) Director James L. Anderson Sells 1,750 Shares
American States Water Company (NYSE:AWR) Director James L. Anderson sold 1,750 shares of the firm’s stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $49.10, for a total transaction of $85,925.00. Following the completion of the sale, the director now owns 37,046 shares in the company, valued at $1,818,958.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of American States Water Company (NYSE AWR) opened at 49.04 on Wednesday. American States Water Company has a 1-year low of $37.47 and a 1-year high of $51.75. The company has a 50-day moving average of $48.92 and a 200-day moving average of $46.08. The firm has a market cap of $1.80 billion, a PE ratio of 26.47 and a beta of 0.47.
American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts predict that American States Water Company will post $1.70 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a $0.255 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 2.08%. This is an increase from American States Water’s previous quarterly dividend of $0.24. American States Water’s payout ratio is 55.14%.
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AWR has been the topic of a number of recent analyst reports. US Capital Advisors restated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Zacks Investment Research lowered shares of American States Water from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, BidaskClub raised shares of American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd.
A number of hedge funds and other institutional investors have recently modified their holdings of AWR. BlackRock Inc. increased its stake in American States Water by 9,491.3% in the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock valued at $203,346,000 after buying an additional 4,542,365 shares during the period. OppenheimerFunds Inc. increased its stake in American States Water by 6,094.1% in the first quarter. OppenheimerFunds Inc. now owns 381,061 shares of the utilities provider’s stock valued at $16,880,000 after buying an additional 374,909 shares during the period. Vanguard Group Inc. increased its stake in American States Water by 5.8% in the first quarter. Vanguard Group Inc. now owns 3,694,087 shares of the utilities provider’s stock valued at $163,649,000 after buying an additional 201,727 shares during the period. Norges Bank bought a new stake in American States Water during the fourth quarter valued at about $8,671,000. Finally, Parametric Portfolio Associates LLC increased its stake in American States Water by 146.5% in the first quarter. Parametric Portfolio Associates LLC now owns 204,526 shares of the utilities provider’s stock valued at $9,061,000 after buying an additional 121,560 shares during the period. Hedge funds and other institutional investors own 66.35% 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).
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