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.
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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