American States Water Co (NYSE:AWR) Director Sells $45,620.00 in Stock

American States Water Co (NYSE:AWR) Director Lloyd E. Ross sold 500 shares of American States Water stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $91.24, for a total value of $45,620.00. Following the transaction, the director now owns 37,605 shares of the company’s stock, valued at approximately $3,431,080.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE AWR opened at $85.06 on Friday. The stock has a 50-day simple moving average of $91.85 and a two-hundred day simple moving average of $81.73. The firm has a market capitalization of $3.33 billion, a P/E ratio of 49.45, a PEG ratio of 5.36 and a beta of -0.12. American States Water Co has a fifty-two week low of $63.15 and a fifty-two week high of $96.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.09 and a current ratio of 1.11.

American States Water (NYSE:AWR) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.69 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.03). American States Water had a net margin of 17.26% and a return on equity of 13.23%. The company had revenue of $134.50 million for the quarter, compared to analysts’ expectations of $135.00 million. During the same quarter in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, analysts forecast that American States Water Co will post 2.11 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.305 dividend. The ex-dividend date is Thursday, November 14th. This represents a $1.22 annualized dividend and a dividend yield of 1.43%. American States Water’s dividend payout ratio is presently 70.93%.

Several institutional investors have recently made changes to their positions in AWR. Atria Investments LLC purchased a new position in shares of American States Water in the 2nd quarter valued at about $2,300,000. Nuveen Asset Management LLC purchased a new position in shares of American States Water in the 2nd quarter valued at about $11,533,000. Morgan Stanley increased its stake in shares of American States Water by 37.9% in the 2nd quarter. Morgan Stanley now owns 398,737 shares of the utilities provider’s stock valued at $30,000,000 after purchasing an additional 109,565 shares in the last quarter. Copeland Capital Management LLC increased its stake in shares of American States Water by 19.6% in the 2nd quarter. Copeland Capital Management LLC now owns 495,950 shares of the utilities provider’s stock valued at $37,315,000 after purchasing an additional 81,449 shares in the last quarter. Finally, Man Group plc increased its stake in shares of American States Water by 40.9% in the 2nd quarter. Man Group plc now owns 172,120 shares of the utilities provider’s stock valued at $12,950,000 after purchasing an additional 49,930 shares in the last quarter. Hedge funds and other institutional investors own 72.50% of the company’s stock.

A number of equities analysts have weighed in on the company. ValuEngine lowered American States Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Thursday, August 8th.

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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