Anne Holloway Sells 900 Shares of American States Water (NYSE:AWR) Stock

Key Points

• Director Anne Holloway sold 900 American States Water shares at an average price of $88.86, receiving $79,974. After the transaction, she retained 38,518 shares.
• American States Water reported strong quarterly results, with EPS of $1.09 beating estimates of $0.93 and revenue rising 11.2% year over year to $181.29 million.
• The company increased its quarterly dividend to $0.5455 per share, equivalent to a $2.18 annualized payout and a 2.4% yield. Analysts’ consensus rating remains “Hold.”

American States Water Company (NYSE:AWR - Get Free Report) Director Anne Holloway sold 900 shares of American States Water stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total transaction of $79,974.00. Following the sale, the director owned 38,518 shares of the company's stock, valued at approximately $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American States Water Trading Up 0.3%

Shares of NYSE AWR traded up $0.25 on Thursday, reaching $89.43. 180,287 shares of the company traded hands, compared to its average volume of 303,425. American States Water Company has a fifty-two week low of $69.45 and a fifty-two week high of $90.42. The company has a 50 day moving average of $84.23 and a 200 day moving average of $78.62. The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $3.55 billion, a PE ratio of 24.50, a P/E/G ratio of 3.36 and a beta of 0.57.

American States Water (NYSE:AWR - Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.16. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The firm had revenue of $181.29 million during the quarter, compared to the consensus estimate of $171.72 million. During the same period in the previous year, the firm earned $0.87 earnings per share. American States Water's revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts forecast that American States Water Company will post 3.68 earnings per share for the current fiscal year.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be paid a dividend of $0.5455 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.18 annualized dividend and a dividend yield of 2.4%. This is a boost from American States Water's previous quarterly dividend of $0.50. American States Water's dividend payout ratio is presently 59.73%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AWR. Zacks Research cut American States Water from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 2nd. Freedom Capital upgraded shares of American States Water to a "hold" rating in a report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of American States Water from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, American States Water presently has an average rating of "Hold".

Institutional Investors Weigh In On American States Water

Institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in American States Water in the 2nd quarter valued at about $26,000. State of Wyoming acquired a new stake in American States Water in the second quarter worth approximately $26,000. IFP Advisors Inc boosted its stake in American States Water by 113.6% during the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider's stock valued at $40,000 after buying an additional 292 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of American States Water in the 4th quarter worth approximately $45,000. Finally, Motiv8 Investments LLC acquired a new position in American States Water in the fourth quarter worth approximately $45,000. Institutional investors own 75.24% of the company's stock.

About American States Water

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.

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