American States Water (NYSE:AWR) Director Buys $10,249.20 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 135 shares of the company’s stock in a transaction on Monday, May 18th. The shares were purchased at an average cost of $75.92 per share, with a total value of $10,249.20. Following the transaction, the director directly owned 39,553 shares in the company, valued at $3,002,863.76. This trade represents a 0.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

American States Water Trading Down 0.6%

AWR traded down $0.44 during trading on Tuesday, hitting $75.48. 181,817 shares of the stock traded hands, compared to its average volume of 342,124. The firm has a market capitalization of $2.96 billion, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. The firm has a 50-day moving average of $76.23 and a 200 day moving average of $74.45. American States Water Company has a 12-month low of $69.45 and a 12-month high of $81.24.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $169.19 million for the quarter, compared to analysts’ expectations of $157.02 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be issued a $0.504 dividend. The ex-dividend date is Monday, May 18th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water’s dividend payout ratio is 58.89%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming bought a new position in shares of American States Water in the 2nd quarter worth about $26,000. Aster Capital Management DIFC Ltd increased its stake in shares of American States Water by 610.5% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 464 shares in the last quarter. IFP Advisors Inc increased its stake in shares of American States Water by 113.6% in the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 292 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of American States Water in the 4th quarter worth about $45,000. Finally, Motiv8 Investments LLC bought a new position in shares of American States Water in the 4th quarter worth about $45,000. 75.24% of the stock is currently owned by institutional investors.

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.