Anne Holloway Acquires 138 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 138 shares of the stock in a transaction on Monday, February 23rd. The shares were purchased at an average cost of $73.50 per share, for a total transaction of $10,143.00. Following the acquisition, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,897,223. This represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

American States Water Price Performance

NYSE:AWR traded down $0.44 during trading hours on Tuesday, hitting $75.48. 181,817 shares of the stock traded hands, compared to its average volume of 342,124. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. American States Water Company has a 1 year low of $69.45 and a 1 year high of $81.24. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The stock has a 50 day moving average price of $76.23 and a 200 day moving average price of $74.45.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.01). American States Water had a net margin of 19.66% and a return on equity of 13.06%. The firm had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the prior year, the firm earned $0.70 EPS. American States Water’s revenue for the quarter was up 14.3% compared to the same quarter last year. 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. Shareholders of record on Monday, May 18th will be issued a dividend of $0.504 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water’s payout ratio is currently 58.89%.

Hedge Funds Weigh In On American States Water

Several hedge funds have recently modified their holdings of the stock. Wealthfront Advisers LLC lifted its holdings in shares of American States Water by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 3,339 shares of the utilities provider’s stock worth $242,000 after buying an additional 150 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of American States Water by 6.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock worth $196,000 after buying an additional 150 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of American States Water by 1.4% in the third quarter. Arizona State Retirement System now owns 11,395 shares of the utilities provider’s stock worth $835,000 after buying an additional 156 shares in the last quarter. US Bancorp DE lifted its holdings in shares of American States Water by 2.1% in the third quarter. US Bancorp DE now owns 7,663 shares of the utilities provider’s stock worth $562,000 after buying an additional 159 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of American States Water by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after buying an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AWR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average 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.