American States Water Co (NYSE:AWR) CEO Robert J. Sprowls sold 2,738 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $75.17, for a total transaction of $205,815.46. Following the transaction, the chief executive officer now owns 120,967 shares in the company, valued at $9,093,089.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of AWR traded down $0.86 on Monday, hitting $74.38. 290,762 shares of the stock traded hands, compared to its average volume of 168,949. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 43.24, a P/E/G ratio of 4.74 and a beta of 0.05. The firm has a 50 day moving average price of $73.79. American States Water Co has a 1 year low of $57.13 and a 1 year high of $76.43.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, May 6th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $101.70 million for the quarter, compared to analysts’ expectations of $93.02 million. American States Water had a net margin of 14.86% and a return on equity of 11.92%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. On average, sell-side analysts expect that American States Water Co will post 1.99 earnings per share for the current fiscal year.
Separately, Wells Fargo & Co reiterated a “sell” rating on shares of American States Water in a research report on Monday, June 10th.
Institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. increased its position in shares of American States Water by 28.0% in the fourth quarter. Macquarie Group Ltd. now owns 3,200 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 700 shares in the last quarter. Mackay Shields LLC acquired a new stake in shares of American States Water in the fourth quarter worth $1,896,000. Janney Montgomery Scott LLC increased its position in shares of American States Water by 1.2% in the first quarter. Janney Montgomery Scott LLC now owns 12,420 shares of the utilities provider’s stock worth $886,000 after acquiring an additional 146 shares in the last quarter. Mason Street Advisors LLC grew its holdings in American States Water by 3.5% during the 1st quarter. Mason Street Advisors LLC now owns 11,810 shares of the utilities provider’s stock valued at $842,000 after purchasing an additional 399 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in American States Water by 32.2% during the 4th quarter. Martingale Asset Management L P now owns 87,904 shares of the utilities provider’s stock valued at $5,894,000 after purchasing an additional 21,400 shares in the last quarter. 72.42% of the stock is owned by institutional investors.
American States Water Company Profile
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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