Insider Buying: American States Water (NYSE:AWR) Director Acquires 135 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 135 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average price of $75.92 per share, with a total value of $10,249.20. Following the completion of the purchase, the director owned 39,553 shares in the company, valued at $3,002,863.76. This represents a 0.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American States Water Stock Down 0.6%

Shares of American States Water stock traded down $0.44 during trading on Tuesday, hitting $75.48. The company’s stock had a trading volume of 181,817 shares, compared to its average volume of 342,124. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The company has a fifty day simple moving average of $76.23 and a two-hundred day simple moving average of $74.45. The company has a market capitalization of $2.96 billion, a PE ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 0.60. American States Water Company has a 52 week low of $69.45 and a 52 week high of $81.24.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.01). The business had revenue of $169.19 million during the quarter, compared to the consensus estimate of $157.02 million. American States Water had a return on equity of 13.06% and a net margin of 19.66%.The firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 earnings per share. Equities research analysts predict that American States Water Company will post 3.71 earnings per share for the current year.

American States Water Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. American States Water’s dividend payout ratio (DPR) is presently 58.89%.

Institutional Trading of American States Water

A number of institutional investors and hedge funds have recently bought and sold shares of AWR. State of Wyoming bought a new stake in American States Water during the 2nd quarter valued at about $26,000. Aster Capital Management DIFC Ltd increased its stake in American States Water by 610.5% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 464 shares in the last quarter. IFP Advisors Inc increased its stake in American States Water by 113.6% during the 4th quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 292 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of American States Water during the 4th quarter valued at about $45,000. Finally, Motiv8 Investments LLC purchased a new stake in shares of American States Water during the 4th quarter valued at about $45,000. 75.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on AWR shares. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, American States Water presently has an average rating of “Buy”.

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.