American States Water Co. (NYSE:AWR) VP Denise L. Kruger sold 500 shares of the firm’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $39.96, for a total transaction of $19,980.00. Following the transaction, the vice president now directly owns 19,476 shares in the company, valued at approximately $778,260.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of American States Water Co. (NYSE:AWR) traded down 0.93% during mid-day trading on Wednesday, reaching $38.26. 123,602 shares of the company’s stock traded hands. The firm’s 50-day moving average is $39.69 and its 200 day moving average is $40.73. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 23.78 and a beta of 0.35. American States Water Co. has a one year low of $37.28 and a one year high of $47.24.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $111.95 million for the quarter, compared to analyst estimates of $113.01 million. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Analysts predict that American States Water Co. will post $1.63 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. New England Research & Management Inc. acquired a new stake in shares of American States Water during the third quarter worth about $212,000. Macquarie Group Ltd. raised its stake in American States Water by 70.5% in the second quarter. Macquarie Group Ltd. now owns 15,000 shares of the company’s stock worth $657,000 after buying an additional 6,200 shares during the last quarter. Mason Street Advisors LLC purchased a new stake in American States Water during the second quarter worth $313,000. Royal Bank of Canada raised its stake in American States Water by 13.9% in the second quarter. Royal Bank of Canada now owns 270,027 shares of the company’s stock worth $11,833,000 after buying an additional 32,951 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in American States Water by 1.1% in the second quarter. Arizona State Retirement System now owns 19,000 shares of the company’s stock worth $833,000 after buying an additional 200 shares during the last quarter. Institutional investors own 63.65% of the company’s stock.
AWR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of American States Water from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC lowered their target price on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating for the company in a research note on Tuesday, September 6th. Finally, Janney Montgomery Scott upgraded shares of American States Water from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $35.00 to $39.00 in a research note on Friday, August 5th.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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