Anne Holloway Purchases 138 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway bought 138 shares of the company’s stock in a transaction dated Monday, February 23rd. The stock was bought at an average cost of $73.50 per share, with a total value of $10,143.00. Following the acquisition, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,897,223. The trade was a 0.35% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

American States Water Trading Up 0.5%

AWR opened at $75.89 on Thursday. The company’s 50 day moving average is $76.23 and its 200-day moving average is $74.48. American States Water Company has a 1-year low of $69.45 and a 1-year high of $81.24. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.86. The company has a market cap of $2.97 billion, a P/E ratio of 22.13, a PEG ratio of 2.94 and a beta of 0.60.

American States Water (NYSE:AWR) last posted its quarterly earnings results 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). 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 analyst estimates of $157.02 million. During the same quarter in the previous year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts predict that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders 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 2.7%. The ex-dividend date of this dividend is Monday, May 18th. American States Water’s payout ratio is presently 58.89%.

Analyst Ratings Changes

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

Institutional Trading of American States Water

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas lifted its holdings in shares of American States Water by 150.3% during the third quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock worth $1,072,000 after purchasing an additional 8,776 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after purchasing an additional 258,388 shares during the period. AlphaQuest LLC acquired a new position in shares of American States Water during the third quarter worth $945,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of American States Water by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 462,887 shares of the utilities provider’s stock worth $33,550,000 after purchasing an additional 20,510 shares during the period. Finally, Tudor Investment Corp ET AL lifted its holdings in shares of American States Water by 206.4% during the third quarter. Tudor Investment Corp ET AL now owns 78,504 shares of the utilities provider’s stock worth $5,756,000 after purchasing an additional 52,885 shares during the period. Institutional investors own 75.24% of the company’s stock.

American States Water Company Profile

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.