Insider Selling: American States Water Co (AWR) CEO Sells 366 Shares of Stock

American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 366 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $72.10, for a total transaction of $26,388.60. Following the completion of the sale, the chief executive officer now directly owns 118,761 shares in the company, valued at $8,562,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AWR traded down $0.35 on Tuesday, reaching $72.51. The company had a trading volume of 180,319 shares, compared to its average volume of 161,312. The company has a market capitalization of $2.67 billion, a P/E ratio of 42.16, a P/E/G ratio of 5.95 and a beta of 0.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.09 and a quick ratio of 0.86. American States Water Co has a 52-week low of $53.92 and a 52-week high of $73.23.

American States Water (NYSE:AWR) last announced its earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The company had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a net margin of 14.86% and a return on equity of 11.92%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 earnings per share. On average, equities analysts anticipate that American States Water Co will post 1.99 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, May 15th. American States Water’s dividend payout ratio is currently 63.95%.

Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a research note on Tuesday, March 26th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in American States Water by 19.7% in the first quarter. AQR Capital Management LLC now owns 50,048 shares of the utilities provider’s stock valued at $3,568,000 after purchasing an additional 8,223 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in American States Water in the first quarter valued at approximately $41,000. Magellan Asset Management Ltd raised its stake in shares of American States Water by 23.1% during the first quarter. Magellan Asset Management Ltd now owns 29,369 shares of the utilities provider’s stock worth $2,094,000 after acquiring an additional 5,520 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of American States Water during the first quarter worth approximately $203,000. Finally, Trexquant Investment LP purchased a new position in shares of American States Water during the first quarter worth approximately $401,000. 72.25% of the stock is currently owned by institutional investors and hedge funds.

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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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