American States Water (NYSE:AWR) Director Buys $10,143.00 in Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 138 shares of the stock in a transaction dated Monday, February 23rd. The shares were bought at an average cost of $73.50 per share, for a total transaction of $10,143.00. Following the completion of the purchase, the director owned 39,418 shares in the company, valued at approximately $2,897,223. This trade represents a 0.35% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

American States Water Stock Performance

NYSE:AWR opened at $76.30 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $81.24. The stock has a market cap of $2.99 billion, a PE ratio of 22.25, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The firm’s fifty day simple moving average is $76.29 and its 200-day simple moving average is $74.52.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The company had revenue of $169.19 million for the quarter, compared to analyst estimates of $157.02 million. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts expect that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be paid a $0.504 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, May 18th. American States Water’s dividend payout ratio is presently 58.89%.

Analyst Ratings Changes

A number of brokerages recently commented on AWR. Zacks Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, American States Water currently has an average rating of “Buy”.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWR. Morgan Stanley lifted its holdings in American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after purchasing an additional 758,452 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in American States Water by 55.9% in the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock valued at $52,847,000 after purchasing an additional 258,388 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in American States Water by 28.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock valued at $53,495,000 after purchasing an additional 164,559 shares in the last quarter. Franklin Resources Inc. lifted its holdings in American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after purchasing an additional 157,276 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in American States Water by 632.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after purchasing an additional 132,929 shares in the last quarter. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

American States Water Company Profile

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.