American States Water Company (AWR) Stock Rating Reaffirmed by US Capital Advisors

American States Water Company (NYSE:AWR)‘s stock had its “hold” rating restated by analysts at US Capital Advisors in a research note issued on Monday, July 17th.

AWR has been the topic of several other research reports. BidaskClub cut American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, April 26th.

American States Water (AWR) traded down 2.90% during mid-day trading on Monday, reaching $49.71. 131,857 shares of the company’s stock were exchanged. The company has a market cap of $1.82 billion, a PE ratio of 26.83 and a beta of 0.47. American States Water has a 52-week low of $37.47 and a 52-week high of $51.75. The stock has a 50-day moving average price of $48.63 and a 200 day moving average price of $45.81.

American States Water (NYSE:AWR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business had revenue of $113.20 million for the quarter, compared to analysts’ expectations of $119.23 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. Equities analysts predict that American States Water will post $1.70 earnings per share for the current fiscal year.

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In related news, VP Gladys Farrow sold 1,210 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $45.30, for a total transaction of $54,813.00. Following the sale, the vice president now directly owns 2,357 shares in the company, valued at approximately $106,772.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP James B. Gallagher sold 1,932 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $50.97, for a total value of $98,474.04. Following the sale, the vice president now owns 23,667 shares in the company, valued at $1,206,306.99. The disclosure for this sale can be found here. Insiders have sold a total of 57,696 shares of company stock worth $2,755,161 in the last ninety days. Insiders own 1.43% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of American States Water by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,349,948 shares of the utilities provider’s stock worth $64,001,000 after buying an additional 30,991 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of American States Water during the second quarter worth $388,000. Advisor Group Inc. raised its position in shares of American States Water by 16.3% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock worth $205,000 after buying an additional 609 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of American States Water by 13.2% in the second quarter. Suntrust Banks Inc. now owns 8,435 shares of the utilities provider’s stock worth $399,000 after buying an additional 981 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of American States Water by 5.6% in the second quarter. California Public Employees Retirement System now owns 83,500 shares of the utilities provider’s stock worth $3,959,000 after buying an additional 4,400 shares in the last quarter. Institutional investors and hedge funds own 67.57% of the company’s stock.

American States Water Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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