American States Water Co (NYSE:AWR) Director Anne M. Holloway sold 500 shares of American States Water stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $72.92, for a total value of $36,460.00. Following the transaction, the director now owns 38,262 shares in the company, valued at $2,790,065.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of American States Water stock traded down $0.50 during trading on Wednesday, reaching $72.01. The stock had a trading volume of 103,399 shares, compared to its average volume of 160,724. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 6.12 and a beta of 0.07. American States Water Co has a 52 week low of $53.92 and a 52 week high of $73.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.09 and a quick ratio of 1.03.
American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The firm had revenue of $101.70 million during the quarter, compared to the consensus estimate of $93.02 million. American States Water had a net margin of 14.86% and a return on equity of 11.92%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts expect that American States Water Co will post 1.99 EPS for the current year.
Several institutional investors have recently modified their holdings of the company. Premia Global Advisors LLC bought a new stake in shares of American States Water in the first quarter valued at about $85,000. Coastal Investment Advisors Inc. bought a new stake in American States Water during the first quarter worth about $40,000. SEI Investments Co raised its holdings in American States Water by 16,570.6% during the first quarter. SEI Investments Co now owns 82,853 shares of the utilities provider’s stock worth $5,907,000 after acquiring an additional 82,356 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in American States Water by 56.0% during the first quarter. Goldman Sachs Group Inc. now owns 210,315 shares of the utilities provider’s stock worth $14,996,000 after acquiring an additional 75,488 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in American States Water during the first quarter worth about $249,000. Institutional investors own 71.75% of the company’s stock.
Separately, Wells Fargo & Co restated a “sell” rating on shares of American States Water in a report on Tuesday, March 26th.
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American States Water Company Profile
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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