Lloyd E. Ross Sells 500 Shares of American States Water Co (AWR) Stock

American States Water Co (NYSE:AWR) Director Lloyd E. Ross sold 500 shares of the company’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $64.88, for a total transaction of $32,440.00. Following the sale, the director now owns 49,279 shares in the company, valued at $3,197,221.52. The sale was disclosed in a filing with the SEC, which is available at this link.

Shares of NYSE:AWR opened at $65.41 on Friday. The stock has a market cap of $2.38 billion, a P/E ratio of 37.81, a PEG ratio of 5.39 and a beta of 0.13. American States Water Co has a 12 month low of $50.06 and a 12 month high of $69.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.90 and a current ratio of 0.94.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $124.20 million for the quarter, compared to the consensus estimate of $133.64 million. American States Water had a net margin of 14.64% and a return on equity of 11.75%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities analysts forecast that American States Water Co will post 1.73 EPS for the current year.



AWR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of American States Water from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Monday, October 15th. Evercore ISI initiated coverage on shares of American States Water in a report on Monday, September 17th. They set an “underperform” rating and a $54.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. American States Water has a consensus rating of “Hold” and an average price target of $53.50.

A number of hedge funds have recently modified their holdings of AWR. BlackRock Inc. grew its stake in American States Water by 8.0% in the 2nd quarter. BlackRock Inc. now owns 5,358,291 shares of the utilities provider’s stock worth $306,280,000 after acquiring an additional 398,815 shares in the last quarter. Copper Rock Capital Partners LLC bought a new position in American States Water in the 4th quarter worth about $14,462,000. Walthausen & Co. LLC bought a new position in American States Water in the 3rd quarter worth about $6,905,000. Morgan Stanley grew its stake in American States Water by 39.9% in the 3rd quarter. Morgan Stanley now owns 234,202 shares of the utilities provider’s stock worth $14,321,000 after acquiring an additional 66,820 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in American States Water by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,159,887 shares of the utilities provider’s stock worth $254,336,000 after acquiring an additional 64,527 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

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About American States Water

American States Water Co is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.

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