American States Water Co. (NYSE:AWR) Director Anne M. Holloway sold 1,500 shares of American States Water stock in a transaction on Monday, November 28th. The stock was sold at an average price of $44.12, for a total transaction of $66,180.00. Following the transaction, the director now directly owns 40,696 shares in the company, valued at $1,795,507.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of American States Water Co. (NYSE:AWR) opened at 44.22 on Wednesday. The company has a 50-day moving average of $39.99 and a 200 day moving average of $40.67. American States Water Co. has a 52-week low of $37.28 and a 52-week high of $47.24. The company has a market capitalization of $1.62 billion, a PE ratio of 27.15 and a beta of 0.40.

American States Water (NYSE:AWR) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. American States Water had a net margin of 13.69% and a return on equity of 12.65%. The firm earned $123.81 million during the quarter, compared to analysts’ expectations of $137.14 million. During the same period in the prior year, the company posted $0.56 EPS. The company’s revenue was down 6.9% on a year-over-year basis. Analysts predict that American States Water Co. will post $1.62 earnings per share for the current year.

Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th will be given a $0.242 dividend. This is a boost from American States Water’s previous quarterly dividend of $0.22. This represents a $0.97 annualized dividend and a yield of 2.19%. The ex-dividend date is Thursday, November 10th. American States Water’s dividend payout ratio is 59.51%.

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A number of institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of American States Water by 2.5% in the first quarter. State Street Corp now owns 819,917 shares of the company’s stock valued at $32,271,000 after buying an additional 19,884 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of American States Water by 80.3% in the second quarter. BNP Paribas Arbitrage SA now owns 15,108 shares of the company’s stock valued at $662,000 after buying an additional 6,727 shares during the period. Capstone Asset Management Co. boosted its position in shares of American States Water by 2.3% in the second quarter. Capstone Asset Management Co. now owns 11,552 shares of the company’s stock valued at $506,000 after buying an additional 260 shares during the period. Eqis Capital Management Inc. boosted its position in shares of American States Water by 13.8% in the second quarter. Eqis Capital Management Inc. now owns 13,533 shares of the company’s stock valued at $593,000 after buying an additional 1,643 shares during the period. Finally, Nordea Investment Management AB boosted its position in shares of American States Water by 361.3% in the second quarter. Nordea Investment Management AB now owns 15,480 shares of the company’s stock valued at $678,000 after buying an additional 12,124 shares during the period. Hedge funds and other institutional investors own 63.61% of the company’s stock.

A number of brokerages have recently weighed in on AWR. Zacks Investment Research cut shares of American States Water from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. Barclays PLC cut their price objective on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 6th. Finally, Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $35.00 to $39.00 in a research report on Friday, August 5th.

About American States Water

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 various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.

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