American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 2,672 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $72.90, for a total transaction of $194,788.80. Following the transaction, the chief executive officer now directly owns 118,761 shares in the company, valued at $8,657,676.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NYSE:AWR traded down $0.35 during trading on Tuesday, reaching $72.51. 180,319 shares of the company were exchanged, compared to its average volume of 161,312. The firm has a market cap of $2.67 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 5.95 and a beta of 0.07. American States Water Co has a 12-month low of $53.92 and a 12-month high of $73.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 1.09.
American States Water (NYSE:AWR) last issued its earnings results on Monday, May 6th. The utilities provider reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The company had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Equities research analysts predict that American States Water Co will post 1.99 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Essex Savings Bank bought a new position in shares of American States Water during the fourth quarter valued at approximately $144,000. Vanguard Group Inc. boosted its stake in shares of American States Water by 1.6% during the third quarter. Vanguard Group Inc. now owns 4,159,887 shares of the utilities provider’s stock valued at $254,336,000 after purchasing an additional 64,527 shares in the last quarter. Krueger & Catalano Capital Partners LLC boosted its stake in shares of American States Water by 12.4% during the fourth quarter. Krueger & Catalano Capital Partners LLC now owns 4,996 shares of the utilities provider’s stock valued at $335,000 after purchasing an additional 552 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of American States Water by 28.0% during the fourth quarter. Macquarie Group Ltd. now owns 3,200 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 700 shares in the last quarter. Finally, Mackay Shields LLC bought a new position in shares of American States Water during the fourth quarter valued at approximately $1,896,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.
Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a research report on Tuesday, March 26th.
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About American States Water
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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