Paul Rowley Sells 1,304 Shares of American States Water (NYSE:AWR) Stock

American States Water Company (NYSE:AWR) SVP Paul Rowley sold 1,304 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the sale, the senior vice president directly owned 6,520 shares in the company, valued at $495,846. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

American States Water Trading Down 2.2%

Shares of AWR opened at $75.73 on Friday. The firm’s 50 day simple moving average is $76.22 and its 200 day simple moving average is $74.44. The company has a market capitalization of $2.97 billion, a P/E ratio of 22.08, a P/E/G ratio of 2.95 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 1.13. American States Water Company has a 1-year low of $69.45 and a 1-year high of $81.24.

American States Water (NYSE:AWR) last announced 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). The company had revenue of $169.19 million during the quarter, compared to analysts’ expectations of $157.02 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. Sell-side analysts forecast that American States Water Company will post 3.71 earnings per share for the current fiscal year.

American States Water Announces Dividend

The firm also recently declared 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. This represents a $2.02 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, May 18th. American States Water’s dividend payout ratio (DPR) is presently 58.89%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AWR. Baird Financial Group Inc. grew its holdings in shares of American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock worth $256,000 after purchasing an additional 625 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of American States Water by 6.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock worth $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of American States Water by 768.9% in the first quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock worth $370,000 after purchasing an additional 4,160 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of American States Water by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock worth $22,394,000 after purchasing an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of American States Water by 2,606.4% in the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after purchasing an additional 86,402 shares during the last quarter. Institutional investors own 75.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AWR. Zacks Research upgraded shares of American States Water from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of American States Water in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.