Shares of American States Water (NYSE:AWR) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $45.00.
Several equities research analysts have issued reports on the company. Zacks Investment Research lowered American States Water from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Wells Fargo lowered American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target for the company. in a research note on Monday, December 18th. ValuEngine raised American States Water from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, UBS assumed coverage on American States Water in a research note on Thursday, March 8th. They set a “sell” rating and a $42.00 price target for the company.
In other news, SVP James C. Cotton III sold 734 shares of American States Water stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $51.54, for a total value of $37,830.36. Following the transaction, the senior vice president now owns 7,403 shares in the company, valued at $381,550.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Bryan K. Switzer sold 750 shares of American States Water stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $52.04, for a total value of $39,030.00. Following the completion of the transaction, the vice president now owns 14,886 shares in the company, valued at approximately $774,667.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,381 shares of company stock worth $226,446. Company insiders own 1.49% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AWR. Louisiana State Employees Retirement System increased its holdings in American States Water by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 15,800 shares of the utilities provider’s stock valued at $915,000 after purchasing an additional 1,000 shares during the period. Geode Capital Management LLC increased its holdings in American States Water by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 318,880 shares of the utilities provider’s stock valued at $18,466,000 after purchasing an additional 1,090 shares during the period. Victory Capital Management Inc. increased its holdings in American States Water by 6.5% during the 4th quarter. Victory Capital Management Inc. now owns 19,394 shares of the utilities provider’s stock valued at $1,123,000 after purchasing an additional 1,176 shares during the period. Van Hulzen Asset Management LLC increased its holdings in American States Water by 8.6% during the 4th quarter. Van Hulzen Asset Management LLC now owns 14,956 shares of the utilities provider’s stock valued at $866,000 after purchasing an additional 1,180 shares during the period. Finally, AMP Capital Investors Ltd increased its holdings in American States Water by 5.0% during the 3rd quarter. AMP Capital Investors Ltd now owns 24,993 shares of the utilities provider’s stock valued at $1,230,000 after purchasing an additional 1,200 shares during the period. Hedge funds and other institutional investors own 66.24% of the company’s stock.
AWR stock traded down $0.70 during mid-day trading on Monday, hitting $52.61. 172,459 shares of the stock were exchanged, compared to its average volume of 325,309. The company has a quick ratio of 0.96, a current ratio of 0.99 and a debt-to-equity ratio of 0.61. American States Water has a 12 month low of $43.08 and a 12 month high of $60.00. The firm has a market cap of $1,957.30, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 6.00 and a beta of 0.38.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). American States Water had a return on equity of 13.50% and a net margin of 15.74%. The firm had revenue of $104.18 million for the quarter, compared to the consensus estimate of $121.02 million. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. research analysts expect that American States Water will post 1.78 EPS for the current fiscal year.
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American States Water Company Profile
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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