American States Water Co (NYSE:AWR) insider Eva G. Tang sold 600 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $73.25, for a total value of $43,950.00. Following the completion of the sale, the insider now directly owns 33,169 shares in the company, valued at approximately $2,429,629.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:AWR traded up $0.49 during trading on Thursday, hitting $74.16. The company’s stock had a trading volume of 111,827 shares, compared to its average volume of 160,378. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 43.12, a price-to-earnings-growth ratio of 4.64 and a beta of 0.07. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. American States Water Co has a fifty-two week low of $54.25 and a fifty-two week high of $74.28.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The business had revenue of $101.70 million during the quarter, compared to analyst estimates of $93.02 million. American States Water had a return on equity of 11.92% and a net margin of 14.86%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. On average, analysts expect that American States Water Co will post 1.99 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Thursday, May 16th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.10 annualized dividend and a dividend yield of 1.48%. American States Water’s dividend payout ratio (DPR) is 63.95%.

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

Several large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC grew its stake in shares of American States Water by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 12,420 shares of the utilities provider’s stock worth $886,000 after acquiring an additional 146 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of American States Water by 1.9% in the fourth quarter. Suntrust Banks Inc. now owns 8,639 shares of the utilities provider’s stock worth $579,000 after acquiring an additional 164 shares in the last quarter. Private Capital Group LLC grew its stake in shares of American States Water by 36.1% in the first quarter. Private Capital Group LLC now owns 641 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 170 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of American States Water by 1.2% in the first quarter. HighTower Advisors LLC now owns 16,250 shares of the utilities provider’s stock worth $1,159,000 after acquiring an additional 186 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of American States Water by 0.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 25,873 shares of the utilities provider’s stock worth $1,735,000 after purchasing an additional 197 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

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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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