American States Water (NYSE:AWR) Director Anne M. Holloway Sells 400 Shares

American States Water (NYSE:AWR) Director Anne M. Holloway sold 400 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total transaction of $32,800.00. Following the sale, the director now directly owns 38,186 shares of the company’s stock, valued at approximately $3,131,252. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

American States Water Price Performance

American States Water stock opened at $80.40 on Friday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 4.32 and a beta of 0.43. American States Water has a 52-week low of $75.20 and a 52-week high of $100.50. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.90 and a current ratio of 0.98. The stock’s 50 day moving average price is $79.66 and its two-hundred day moving average price is $84.85.

American States Water (NYSE:AWR) last released its earnings results on Tuesday, November 7th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.03. The company had revenue of $151.70 million for the quarter, compared to the consensus estimate of $152.00 million. American States Water had a net margin of 20.66% and a return on equity of 13.60%. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities analysts predict that American States Water will post 2.96 earnings per share for the current year.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.72 annualized dividend and a dividend yield of 2.14%. American States Water’s dividend payout ratio is presently 51.81%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of American States Water from a “sell” rating to a “hold” rating in a research note on Wednesday.

Institutional Trading of American States Water

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWR. Quarry LP acquired a new position in American States Water during the first quarter worth $30,000. Dark Forest Capital Management LP raised its holdings in shares of American States Water by 1,000.0% in the 1st quarter. Dark Forest Capital Management LP now owns 363 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 330 shares during the last quarter. NewEdge Advisors LLC lifted its position in American States Water by 900.0% in the 1st quarter. NewEdge Advisors LLC now owns 380 shares of the utilities provider’s stock valued at $34,000 after acquiring an additional 342 shares in the last quarter. Column Capital Advisors LLC acquired a new position in American States Water during the 3rd quarter valued at about $35,000. Finally, Vigilant Capital Management LLC bought a new stake in American States Water during the 1st quarter worth approximately $36,000. 74.67% of the stock is owned by institutional investors.

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.