American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 4,213 shares of American States Water stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $73.13, for a total transaction of $308,096.69. Following the completion of the transaction, the chief executive officer now directly owns 119,170 shares of the company’s stock, valued at $8,714,902.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American States Water stock traded up $0.29 during trading hours on Monday, hitting $73.39. The stock had a trading volume of 103,100 shares, compared to its average volume of 160,322. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market capitalization of $2.69 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 4.60 and a beta of 0.07. American States Water Co has a 12-month low of $53.93 and a 12-month high of $73.65.

American States Water (NYSE:AWR) last issued its earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. As a group, equities research analysts forecast that American States Water Co will post 1.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.10 annualized dividend and a yield of 1.50%. American States Water’s dividend payout ratio (DPR) is presently 63.95%.

A number of institutional investors have recently modified their holdings of AWR. Teachers Advisors LLC raised its holdings in American States Water by 16.4% in the third quarter. Teachers Advisors LLC now owns 79,643 shares of the utilities provider’s stock worth $4,869,000 after buying an additional 11,201 shares during the last quarter. Morgan Stanley raised its holdings in American States Water by 39.9% in the third quarter. Morgan Stanley now owns 234,202 shares of the utilities provider’s stock worth $14,321,000 after buying an additional 66,820 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of American States Water by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 12,311 shares of the utilities provider’s stock valued at $825,000 after purchasing an additional 225 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of American States Water by 3.3% during the fourth quarter. Bank of Montreal Can now owns 14,707 shares of the utilities provider’s stock valued at $985,000 after purchasing an additional 470 shares during the last quarter. Finally, Clean Yield Group purchased a new position in shares of American States Water during the fourth quarter valued at approximately $40,000. 71.75% of the stock is owned by institutional investors and hedge funds.

Separately, Wells Fargo & Co reaffirmed a “sell” rating on shares of American States Water in a report on Tuesday, March 26th.

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About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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