American States Water Co (NYSE:AWR) VP Bryan K. Switzer Sells 400 Shares of Stock

American States Water Co (NYSE:AWR) VP Bryan K. Switzer sold 400 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $85.13, for a total transaction of $34,052.00. Following the sale, the vice president now directly owns 9,584 shares of the company’s stock, valued at approximately $815,885.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of AWR stock opened at $84.61 on Tuesday. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 41.60, a price-to-earnings-growth ratio of 5.10 and a beta of -0.16. American States Water Co has a 52 week low of $63.15 and a 52 week high of $96.00. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $89.17 and a 200-day moving average of $83.36.

American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.03). The company had revenue of $134.50 million for the quarter, compared to analyst estimates of $135.00 million. American States Water had a return on equity of 13.23% and a net margin of 17.26%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.62 EPS. Analysts anticipate that American States Water Co will post 2.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, November 14th. American States Water’s dividend payout ratio (DPR) is 70.93%.

Hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of American States Water during the 2nd quarter worth approximately $37,000. Gradient Investments LLC acquired a new stake in American States Water in the 3rd quarter valued at $55,000. West Oak Capital LLC acquired a new stake in American States Water in the 3rd quarter valued at $67,000. Krane Funds Advisors LLC acquired a new stake in American States Water in the 2nd quarter valued at $58,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in American States Water in the 2nd quarter valued at $62,000. 73.21% of the stock is owned by institutional investors.

AWR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Thursday, August 8th. ValuEngine downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

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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