Thomas A. Eichelberger Buys 1,400 Shares of American States Water (NYSE:AWR) Stock

American States Water (NYSE:AWRGet Free Report) Director Thomas A. Eichelberger acquired 1,400 shares of the stock in a transaction dated Wednesday, February 28th. The stock was bought at an average cost of $71.21 per share, with a total value of $99,694.00. Following the completion of the purchase, the director now owns 5,850 shares of the company’s stock, valued at $416,578.50. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

American States Water Stock Performance

NYSE:AWR traded down $0.70 during trading hours on Wednesday, reaching $70.93. The stock had a trading volume of 291,638 shares, compared to its average volume of 217,741. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.13 and a current ratio of 1.24. The stock has a 50 day simple moving average of $76.94 and a 200 day simple moving average of $79.74. American States Water has a 12-month low of $70.34 and a 12-month high of $95.07. The stock has a market cap of $2.62 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 3.80 and a beta of 0.44.

American States Water (NYSE:AWRGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The firm had revenue of $125.20 million during the quarter, compared to analyst estimates of $132.00 million. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts forecast that American States Water will post 3.01 EPS for the current fiscal year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, February 16th. American States Water’s payout ratio is currently 51.04%.

Analyst Ratings Changes

AWR has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd.

Read Our Latest Analysis on American States Water

Hedge Funds Weigh In On American States Water

A number of large investors have recently made changes to their positions in AWR. Assetmark Inc. boosted its holdings in shares of American States Water by 633.3% in the fourth quarter. Assetmark Inc. now owns 352 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 304 shares during the period. Quarry LP bought a new position in shares of American States Water in the first quarter worth $30,000. Northwest Financial Advisors bought a new position in shares of American States Water in the fourth quarter worth $32,000. Dark Forest Capital Management LP boosted its stake in American States Water by 1,000.0% during the first quarter. Dark Forest Capital Management LP now owns 363 shares of the utilities provider’s stock valued at $32,000 after buying an additional 330 shares during the period. Finally, Principal Securities Inc. bought a new stake in American States Water during the fourth quarter valued at $34,000. 74.67% of the stock is owned by institutional investors.

American States Water Company Profile

(Get Free Report)

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