Insider Selling: American States Water (NYSE:AWR) Director Sells 528 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway sold 528 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $75.90, for a total value of $40,075.20. Following the completion of the sale, the director owned 39,145 shares of the company’s stock, valued at $2,971,105.50. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

American States Water Stock Down 0.5%

AWR traded down $0.36 on Wednesday, hitting $75.50. The company had a trading volume of 62,271 shares, compared to its average volume of 240,339. American States Water Company has a 12-month low of $69.45 and a 12-month high of $86.97. The stock has a fifty day moving average price of $73.43 and a 200-day moving average price of $75.64. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.46 and a current ratio of 1.56. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 3.92 and a beta of 0.64.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.05. American States Water had a return on equity of 13.14% and a net margin of 20.26%.The business had revenue of $182.72 million for the quarter, compared to the consensus estimate of $178.79 million. During the same period in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts predict that American States Water Company will post 3.34 EPS for the current fiscal year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be paid a $0.504 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. American States Water’s dividend payout ratio (DPR) is 59.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas acquired a new position in American States Water in the 1st quarter valued at about $434,000. Envestnet Asset Management Inc. increased its position in shares of American States Water by 32.3% during the first quarter. Envestnet Asset Management Inc. now owns 6,546 shares of the utilities provider’s stock worth $515,000 after acquiring an additional 1,599 shares during the period. Cerity Partners LLC grew its position in shares of American States Water by 8.8% during the first quarter. Cerity Partners LLC now owns 8,214 shares of the utilities provider’s stock worth $646,000 after buying an additional 666 shares in the last quarter. Xponance Inc. lifted its position in shares of American States Water by 6.1% during the 1st quarter. Xponance Inc. now owns 3,158 shares of the utilities provider’s stock worth $248,000 after purchasing an additional 182 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of American States Water by 22.9% during the 1st quarter. Ballentine Partners LLC now owns 4,029 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 750 shares in the last quarter. 75.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $77.50.

About American States Water

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.