Anne Holloway Purchases 135 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway acquired 135 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was bought at an average cost of $75.92 per share, for a total transaction of $10,249.20. Following the completion of the transaction, the director directly owned 39,553 shares in the company, valued at $3,002,863.76. This represents a 0.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American States Water Trading Up 0.5%

AWR opened at $75.89 on Thursday. The stock has a market capitalization of $2.97 billion, a P/E ratio of 22.13, a P/E/G ratio of 2.94 and a beta of 0.60. American States Water Company has a 12 month low of $69.45 and a 12 month high of $81.24. The firm’s fifty day simple moving average is $76.23 and its 200 day simple moving average is $74.48. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 EPS 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 company had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that American States Water Company will post 3.71 EPS for the current fiscal year.

American States Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given 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 58.89%.

Analysts Set New Price Targets

AWR has been the topic of several analyst reports. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On American States Water

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWR. Baird Financial Group Inc. lifted its position in American States Water by 23.7% during the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after buying an additional 625 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in American States Water by 6.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock valued at $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after purchasing an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in American States Water by 9.8% during the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock worth $22,394,000 after purchasing an additional 25,333 shares during the period. Finally, Jane Street Group LLC increased its position in American States Water by 2,606.4% during the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after buying an additional 86,402 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

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.