Freedom Capital Upgrades American States Water (NYSE:AWR) to “Hold”

American States Water (NYSE:AWR) was upgraded by stock analysts at Freedom Capital to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other research analysts have also commented on AWR. Zacks Research lowered American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

American States Water Price Performance

NYSE:AWR opened at $82.69 on Monday. American States Water has a one year low of $69.45 and a one year high of $83.73. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a market cap of $3.24 billion, a PE ratio of 24.11, a P/E/G ratio of 3.22 and a beta of 0.60. The stock has a 50 day moving average price of $77.76 and a 200 day moving average price of $75.41.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). The company had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.70 EPS. Equities research analysts expect that American States Water will post 3.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Paul J. Rowley sold 1,304 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the transaction, the senior vice president directly owned 6,520 shares in the company, valued at approximately $495,846. This represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Holloway sold 662 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $75.58, for a total value of $50,033.96. Following the sale, the director directly owned 39,418 shares of the company’s stock, valued at $2,979,212.44. The trade was a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On American States Water

A number of institutional investors have recently made changes to their positions in AWR. Baird Financial Group Inc. lifted its holdings in shares of American States Water by 23.7% in the 1st quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after acquiring an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in American States Water by 6.0% in the first 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 period. Jones Financial Companies Lllp raised its position in American States Water by 768.9% in the first 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 period. Goldman Sachs Group Inc. lifted its stake 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 in the last quarter. Finally, Jane Street Group LLC lifted its stake 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 purchasing an additional 86,402 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

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.