Anne Holloway Sells 900 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 900 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total transaction of $79,974.00. Following the transaction, the director owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

American States Water Stock Performance

NYSE:AWR opened at $88.90 on Friday. American States Water Company has a 12 month low of $69.45 and a 12 month high of $90.42. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The firm has a market capitalization of $3.52 billion, a PE ratio of 24.36, a price-to-earnings-growth ratio of 3.38 and a beta of 0.57. The business’s fifty day moving average price is $84.71 and its 200 day moving average price is $78.81.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.16. The company had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%.American States Water’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.87 EPS. On average, sell-side analysts anticipate that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Monday, August 17th will be paid a dividend of $0.5455 per share. The ex-dividend date is Monday, August 17th. This is a positive change from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 annualized dividend and a yield of 2.5%. American States Water’s dividend payout ratio (DPR) is presently 59.73%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AWR. Weiss Ratings upgraded shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Freedom Capital upgraded shares of American States Water to a “hold” rating in a research report on Monday, June 29th. Finally, Zacks Research cut shares of American States Water from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Institutional Trading of American States Water

Several institutional investors and hedge funds have recently made changes to their positions in AWR. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of American States Water in the 2nd quarter valued at about $26,000. State of Wyoming acquired a new position in American States Water during the second quarter worth approximately $26,000. IFP Advisors Inc lifted its stake in American States Water by 113.6% in the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after buying an additional 292 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in American States Water in the fourth quarter valued at approximately $45,000. Finally, Motiv8 Investments LLC acquired a new stake in shares of American States Water in the fourth quarter valued at approximately $45,000. 75.24% of the stock is owned by hedge funds and other institutional investors.

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.