American States Water Company (NYSE:AWR) has received a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating.
Analysts have set a 12-month consensus price objective of $45.33 for the company and are expecting that the company will post $0.58 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 113 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently commented on the company. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research report on Monday, October 23rd. US Capital Advisors reissued a “hold” rating on shares of American States Water in a research report on Monday, July 17th. Finally, Wells Fargo & Company increased their price target on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd.
In related news, Director Anne M. Holloway sold 5,450 shares of the stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total transaction of $201,377.50. Following the sale, the director now owns 48,963 shares of the company’s stock, valued at $1,809,182.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Denise L. Kruger sold 1,250 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $53.88, for a total value of $67,350.00. Following the sale, the insider now directly owns 8,216 shares in the company, valued at approximately $442,678.08. The disclosure for this sale can be found here. Insiders have sold 32,605 shares of company stock worth $1,577,629 in the last three months. 1.49% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Riverhead Capital Management LLC lifted its stake in American States Water by 85.4% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 1,196 shares during the last quarter. Bruderman Asset Management LLC bought a new stake in American States Water during the second quarter worth $127,000. IndexIQ Advisors LLC bought a new stake in American States Water during the second quarter worth $166,000. Meeder Asset Management Inc. lifted its stake in American States Water by 328.5% during the third quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock worth $207,000 after purchasing an additional 3,226 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in American States Water by 16.3% during the second quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 609 shares during the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.
American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $119.23 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Tuesday, November 14th. American States Water’s dividend payout ratio is currently 55.14%.
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About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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