American States Water (NYSE:AWR) SVP Paul Rowley Sells 1,304 Shares of Stock

American States Water Company (NYSE:AWR) SVP Paul Rowley sold 1,304 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the sale, the senior vice president owned 6,520 shares of the company’s stock, valued at approximately $495,846. The trade was a 16.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

American States Water Trading Down 2.2%

American States Water stock opened at $75.73 on Friday. American States Water Company has a 12 month low of $69.45 and a 12 month high of $81.24. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.97 billion, a P/E ratio of 22.08, a P/E/G ratio of 3.01 and a beta of 0.60. The company’s fifty day simple moving average is $76.22 and its 200-day simple moving average is $74.44.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The firm had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.American States Water’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.70 earnings per share. As a group, sell-side analysts forecast that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a dividend of $0.504 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.7%. American States Water’s dividend payout ratio (DPR) is 58.89%.

Hedge Funds Weigh In On American States Water

Several hedge funds have recently bought and sold shares of AWR. Teacher Retirement System of Texas raised its stake in shares of American States Water by 150.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock valued at $1,072,000 after acquiring an additional 8,776 shares in the last quarter. Principal Financial Group Inc. boosted its position in American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after purchasing an additional 258,388 shares during the period. AlphaQuest LLC acquired a new position in American States Water during the third quarter valued at approximately $945,000. JPMorgan Chase & Co. grew its holdings in American States Water by 23.9% during the third quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after purchasing an additional 62,341 shares during the last quarter. Finally, Tudor Investment Corp ET AL raised its position in shares of American States Water by 206.4% in the third quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider’s stock valued at $5,756,000 after purchasing an additional 52,885 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Zacks Research raised American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.