American States Water (NYSE:AWR) Director Anne Holloway Sells 662 Shares

American States Water Company (NYSE:AWR) Director Anne Holloway sold 662 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total transaction of $50,033.96. Following the transaction, the director owned 39,418 shares in the company, valued at approximately $2,979,212.44. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

American States Water Stock Performance

Shares of AWR traded up $0.34 during mid-day trading on Thursday, reaching $76.30. 264,132 shares of the company’s stock were exchanged, compared to its average volume of 289,263. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The business’s fifty day simple moving average is $76.23 and its 200-day simple moving average is $74.48. American States Water Company has a 52-week low of $69.45 and a 52-week high of $81.24. The stock has a market capitalization of $2.99 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The firm had revenue of $169.19 million during the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. The business’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. On average, equities research analysts expect that American States Water Company will post 3.71 earnings per share for the current 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. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, May 18th. American States Water’s payout ratio is 58.89%.

Wall Street Analysts Forecast Growth

AWR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Zacks Research raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, American States Water has an average rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AWR. Morgan Stanley grew its stake in American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after acquiring an additional 758,452 shares during the last quarter. Principal Financial Group Inc. grew its stake in American States Water by 55.9% in the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after acquiring an additional 258,388 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in American States Water by 28.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after acquiring an additional 164,559 shares during the last quarter. Franklin Resources Inc. grew its stake in American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 157,276 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in American States Water by 632.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after acquiring an additional 132,929 shares during the last quarter. Institutional investors and hedge funds own 75.24% of the company’s stock.

About American States Water

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.