American States Water (NYSE:AWR) Director Anne Holloway Purchases 138 Shares of Stock

American States Water Company (NYSE:AWR) Director Anne Holloway purchased 138 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were purchased at an average cost of $73.50 per share, for a total transaction of $10,143.00. Following the transaction, the director directly owned 39,418 shares in the company, valued at approximately $2,897,223. The trade was a 0.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

American States Water Trading Down 0.6%

Shares of American States Water stock opened at $75.48 on Wednesday. The stock has a market capitalization of $2.96 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 0.60. American States Water Company has a 52-week low of $69.45 and a 52-week high of $81.24. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.22. The stock’s 50-day simple moving average is $76.23 and its 200 day simple moving average is $74.45.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). American States Water had a return on equity of 13.06% and a net margin of 19.66%.The business had revenue of $169.19 million for the quarter, compared to the consensus estimate of $157.02 million. During the same quarter in the prior year, the business earned $0.70 EPS. American States Water’s revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts anticipate that American States Water Company will post 3.71 EPS for the current year.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be given a dividend of $0.504 per share. The ex-dividend date is Monday, May 18th. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. American States Water’s dividend payout ratio is currently 58.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AWR shares. Zacks Research upgraded American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of American States Water in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley boosted its holdings in shares of American States Water by 128.8% in the 4th quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock worth $97,648,000 after purchasing an additional 758,452 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American States Water by 55.9% during the third quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after acquiring an additional 258,388 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of American States Water by 28.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 738,039 shares of the utilities provider’s stock worth $53,495,000 after acquiring an additional 164,559 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after purchasing an additional 157,276 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of American States Water by 632.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,931 shares of the utilities provider’s stock valued at $11,157,000 after purchasing an additional 132,929 shares in the last quarter. 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.