American States Water Co (AWR) CEO Sells $14,414.00 in Stock

American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 200 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $72.07, for a total value of $14,414.00. Following the completion of the transaction, the chief executive officer now owns 118,961 shares in the company, valued at approximately $8,573,519.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of AWR stock opened at $70.91 on Friday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 41.23, a P/E/G ratio of 5.97 and a beta of 0.07. American States Water Co has a 52-week low of $53.92 and a 52-week high of $72.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.86 and a current ratio of 0.90.

American States Water (NYSE:AWR) last issued its quarterly earnings results on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The company had revenue of $101.70 million during the quarter, compared to analyst estimates of $93.02 million. American States Water had a net margin of 14.62% and a return on equity of 11.70%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. As a group, equities research analysts forecast that American States Water Co will post 2 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Thursday, May 16th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, May 15th. American States Water’s dividend payout ratio (DPR) is presently 63.95%.

A number of hedge funds have recently modified their holdings of AWR. Norges Bank acquired a new position in American States Water in the 4th quarter valued at about $16,752,000. WINTON GROUP Ltd increased its position in American States Water by 1,242.5% in the 4th quarter. WINTON GROUP Ltd now owns 258,677 shares of the utilities provider’s stock valued at $17,342,000 after acquiring an additional 239,409 shares during the period. Copper Rock Capital Partners LLC acquired a new position in American States Water in the 4th quarter valued at about $14,462,000. Copeland Capital Management LLC increased its position in American States Water by 20.7% in the 1st quarter. Copeland Capital Management LLC now owns 414,501 shares of the utilities provider’s stock valued at $29,554,000 after acquiring an additional 70,996 shares during the period. Finally, Morgan Stanley increased its position in American States Water by 39.9% in the 3rd quarter. Morgan Stanley now owns 234,202 shares of the utilities provider’s stock valued at $14,321,000 after acquiring an additional 66,820 shares during the period. Hedge funds and other institutional investors own 72.25% of the company’s stock.

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

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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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