American States Water Co (AWR) CEO Robert J. Sprowls Sells 4,213 Shares

American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 4,213 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $73.13, for a total transaction of $308,096.69. Following the sale, the chief executive officer now directly owns 119,170 shares in the company, valued at approximately $8,714,902.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of AWR opened at $74.16 on Thursday. American States Water Co has a twelve month low of $54.25 and a twelve month high of $74.28. The firm has a market capitalization of $2.71 billion, a PE ratio of 43.12, a PEG ratio of 4.64 and a beta of 0.07. The company has a current ratio of 1.09, a quick ratio of 1.03 and a debt-to-equity ratio of 0.78.

American States Water (NYSE:AWR) last announced its earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). American States Water had a net margin of 14.86% and a return on equity of 11.92%. The firm had revenue of $101.70 million during the quarter, compared to analysts’ expectations of $93.02 million. During the same period in the prior year, the company posted $0.29 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that American States Water Co will post 1.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Thursday, May 16th will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Wednesday, May 15th. American States Water’s dividend payout ratio is currently 63.95%.

Separately, Wells Fargo & Co reissued a “sell” rating on shares of American States Water in a research note on Tuesday, March 26th.

Several institutional investors and hedge funds have recently made changes to their positions in AWR. Private Capital Group LLC raised its stake in shares of American States Water by 282.9% in the fourth quarter. Private Capital Group LLC now owns 471 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 348 shares during the period. Pearl River Capital LLC purchased a new stake in shares of American States Water in the fourth quarter valued at $34,000. Clean Yield Group purchased a new stake in shares of American States Water in the fourth quarter valued at $40,000. NumerixS Investment Technologies Inc purchased a new stake in shares of American States Water in the fourth quarter valued at $40,000. Finally, Coastal Investment Advisors Inc. bought a new position in shares of American States Water in the first quarter worth about $40,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, 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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