American States Water (NYSE:AWR) Director Lloyd E. Ross sold 1,100 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $52.59, for a total value of $57,849.00. Following the completion of the transaction, the director now owns 49,694 shares in the company, valued at approximately $2,613,407.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of AWR opened at $52.61 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.99 and a quick ratio of 0.96. The company has a market cap of $1,931.63, a P/E ratio of 30.77, a price-to-earnings-growth ratio of 5.92 and a beta of 0.38. American States Water has a 12 month low of $43.08 and a 12 month high of $60.00.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The business had revenue of $104.18 million for the quarter, compared to analysts’ expectations of $121.02 million. American States Water had a net margin of 15.74% and a return on equity of 13.50%. The business’s revenue was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 earnings per share. equities research analysts predict that American States Water will post 1.78 EPS for the current year.
A number of research analysts have recently weighed in on AWR shares. ValuEngine upgraded American States Water from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research lowered American States Water from a “buy” rating to a “hold” rating in a report on Monday, January 8th. UBS assumed coverage on American States Water in a report on Thursday, March 8th. They issued a “sell” rating and a $42.00 target price on the stock. Finally, Wells Fargo downgraded 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 report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. American States Water presently has an average rating of “Hold” and an average target price of $51.00.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of American States Water by 3.3% during the fourth quarter. BlackRock Inc. now owns 4,817,323 shares of the utilities provider’s stock valued at $278,970,000 after acquiring an additional 154,676 shares during the last quarter. Millennium Management LLC increased its position in shares of American States Water by 653.7% during the fourth quarter. Millennium Management LLC now owns 372,501 shares of the utilities provider’s stock valued at $21,572,000 after acquiring an additional 323,080 shares during the last quarter. Geode Capital Management LLC increased its position in shares of American States Water by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 318,880 shares of the utilities provider’s stock valued at $18,466,000 after acquiring an additional 1,090 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of American States Water by 1.8% during the third quarter. Ameriprise Financial Inc. now owns 262,503 shares of the utilities provider’s stock valued at $12,928,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of American States Water by 5.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 235,108 shares of the utilities provider’s stock valued at $13,616,000 after acquiring an additional 11,446 shares during the last quarter. 66.24% of the stock is owned by institutional investors.
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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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