American States Water Co (NYSE:AWR) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $62.55 and last traded at $62.03, with a volume of 7258 shares trading hands. The stock had previously closed at $61.07.
A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Evercore ISI assumed coverage on American States Water in a research note on Monday, September 17th. They issued an “underperform” rating and a $54.00 target price on the stock. Finally, Wells Fargo & Co cut their target price on American States Water from $54.00 to $52.00 and set an “underperform” rating on the stock in a research note on Friday, August 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. American States Water presently has a consensus rating of “Hold” and an average target price of $53.50.
The firm has a market cap of $2.29 billion, a P/E ratio of 37.52, a price-to-earnings-growth ratio of 6.05 and a beta of 0.09. The company has a quick ratio of 1.05, a current ratio of 1.09 and a debt-to-equity ratio of 0.66.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, August 6th. The utilities provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.03). The business had revenue of $106.90 million for the quarter, compared to analyst estimates of $114.80 million. American States Water had a net margin of 14.18% and a return on equity of 11.55%. American States Water’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. On average, research analysts anticipate that American States Water Co will post 1.72 EPS for the current fiscal year.
In other news, VP Paul J. Rowley sold 727 shares of the firm’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $59.32, for a total transaction of $43,125.64. Following the transaction, the vice president now directly owns 1,644 shares of the company’s stock, valued at $97,522.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Diana M. Bonta sold 1,454 shares of the firm’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $61.43, for a total value of $89,319.22. Following the transaction, the director now directly owns 18,505 shares in the company, valued at $1,136,762.15. The disclosure for this sale can be found here. Insiders have sold 13,478 shares of company stock worth $819,760 over the last three months. Corporate insiders own 1.41% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of AWR. Westbourne Investment Advisors Inc. bought a new position in shares of American States Water in the 3rd quarter valued at approximately $127,000. Kiley Juergens Wealth Management LLC bought a new position in shares of American States Water in the 3rd quarter valued at approximately $183,000. Fox Run Management L.L.C. bought a new position in shares of American States Water in the 3rd quarter valued at approximately $232,000. Northern Trust Corp increased its position in American States Water by 2.7% in the 2nd quarter. Northern Trust Corp now owns 655,379 shares of the utilities provider’s stock worth $37,461,000 after buying an additional 17,445 shares during the period. Finally, Mainstay Capital Management LLC ADV increased its position in American States Water by 5,616.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 5,716 shares of the utilities provider’s stock worth $100,000 after buying an additional 5,616 shares during the period. 73.30% of the stock is currently owned by institutional investors.
American States Water Company Profile (NYSE:AWR)
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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