American States Water (NYSE:AWR - Get Free Report) had its target price lifted by investment analysts at Wells Fargo & Company from $77.00 to $80.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an "underweight" rating on the utilities provider's stock. Wells Fargo & Company's target price points to a potential upside of 2.63% from the stock's current price.
American States Water Trading Up 1.9 %
Shares of AWR traded up $1.43 during mid-day trading on Thursday, reaching $77.95. The company had a trading volume of 239,235 shares, compared to its average volume of 231,460. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 23.10, a price-to-earnings-growth ratio of 3.88 and a beta of 0.43. The company has a current ratio of 1.24, a quick ratio of 1.13 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $70.96 and a 200-day simple moving average of $75.87. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $92.85.
American States Water (NYSE:AWR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The company had revenue of $135.30 million during the quarter, compared to analyst estimates of $119.00 million. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The firm's revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 earnings per share. On average, sell-side analysts anticipate that American States Water will post 3.01 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Thomas A. Eichelberger purchased 1,400 shares of American States Water stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average price of $71.21 per share, with a total value of $99,694.00. Following the completion of the transaction, the director now owns 5,850 shares of the company's stock, valued at approximately $416,578.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.82% of the stock is owned by company insiders.
Institutional Investors Weigh In On American States Water
Several institutional investors and hedge funds have recently made changes to their positions in AWR. Norges Bank bought a new position in American States Water during the 4th quarter worth $29,984,000. Robeco Schweiz AG grew its stake in American States Water by 74.8% during the 3rd quarter. Robeco Schweiz AG now owns 362,728 shares of the utilities provider's stock worth $28,539,000 after buying an additional 155,180 shares during the last quarter. Invesco Ltd. grew its stake in American States Water by 21.0% during the 3rd quarter. Invesco Ltd. now owns 884,458 shares of the utilities provider's stock worth $69,589,000 after buying an additional 153,409 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in American States Water by 1,651.8% during the 3rd quarter. Assenagon Asset Management S.A. now owns 119,542 shares of the utilities provider's stock worth $9,406,000 after buying an additional 112,718 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in American States Water by 70.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 100,302 shares of the utilities provider's stock worth $7,246,000 after buying an additional 41,576 shares during the last quarter. 75.24% of the stock is owned by institutional investors and hedge funds.
About American States Water
(
Get Free Report)
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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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