Insider Selling: American States Water Company (NYSE:AWR) VP Sells 1,932 Shares of Stock
American States Water Company (NYSE:AWR) VP James B. Gallagher sold 1,932 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $50.97, for a total value of $98,474.04. Following the transaction, the vice president now directly owns 23,667 shares of the company’s stock, valued at $1,206,306.99. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
American States Water Company (AWR) traded down 2.90% on Friday, reaching $49.71. The company had a trading volume of 131,857 shares. The stock has a market capitalization of $1.82 billion, a P/E ratio of 26.83 and a beta of 0.47. The firm has a 50-day moving average of $48.63 and a 200-day moving average of $45.81. American States Water Company has a 12 month low of $37.47 and a 12 month high of $51.75.
American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the 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 company had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, equities research analysts expect that American States Water Company will post $1.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.255 per share. The ex-dividend date is Friday, August 11th. This is an increase from American States Water’s previous quarterly dividend of $0.24. This represents a $1.02 annualized dividend and a dividend yield of 2.05%. American States Water’s dividend payout ratio (DPR) is currently 52.43%.
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Several research analysts recently commented on AWR shares. Zacks Investment Research cut American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. BidaskClub cut American States Water from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, US Capital Advisors reissued a “hold” rating on shares of American States Water in a research note on Monday, July 17th.
Hedge funds have recently made changes to their positions in the stock. Riverhead Capital Management LLC increased its stake in shares of American States Water by 85.4% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after buying an additional 1,196 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of American States Water during the second quarter valued at $127,000. Ameritas Investment Partners Inc. acquired a new stake in shares of American States Water during the first quarter valued at $140,000. IndexIQ Advisors LLC acquired a new stake in shares of American States Water during the second quarter valued at $166,000. Finally, Pinnacle Bank acquired a new stake in shares of American States Water during the first quarter valued at $177,000. Institutional investors own 67.57% of the company’s stock.
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 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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