American States Water Co (NYSE:AWR)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $77.60 and last traded at $77.31, with a volume of 20385 shares. The stock had previously closed at $76.82.

Separately, Wells Fargo & Co reissued a “buy” rating on shares of Allergan in a research note on Monday, June 10th.

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.03 and a current ratio of 1.09. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 4.83 and a beta of 0.05. The company’s 50 day simple moving average is $75.23.

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 consensus estimate of $0.36 by ($0.01). American States Water had a net margin of 14.86% and a return on equity of 11.92%. The firm had revenue of $101.70 million for the quarter, compared to analyst estimates of $93.02 million. During the same period last year, the company earned $0.29 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Research analysts predict that American States Water Co will post 1.99 earnings per share for the current fiscal year.

In other news, Director Anne M. Holloway sold 500 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $72.92, for a total transaction of $36,460.00. Following the transaction, the director now owns 38,262 shares of the company’s stock, valued at $2,790,065.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Sprowls sold 366 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $72.10, for a total value of $26,388.60. Following the transaction, the chief executive officer now directly owns 118,761 shares in the company, valued at approximately $8,562,668.10. The disclosure for this sale can be found here. Insiders have sold 21,659 shares of company stock worth $1,599,371 in the last ninety days. 1.24% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in American States Water in the second quarter valued at about $37,000. Private Capital Group LLC increased its holdings in American States Water by 36.1% in the first quarter. Private Capital Group LLC now owns 641 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 170 shares during the last quarter. Cable Hill Partners LLC bought a new stake in American States Water in the first quarter valued at about $65,000. Quadrant Capital Group LLC increased its holdings in American States Water by 3,380.6% in the first quarter. Quadrant Capital Group LLC now owns 1,253 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 1,217 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its holdings in American States Water by 124.0% in the first quarter. NumerixS Investment Technologies Inc now owns 1,344 shares of the utilities provider’s stock valued at $96,000 after purchasing an additional 744 shares during the last quarter. 71.99% of the stock is currently owned by institutional investors and hedge funds.

American States Water Company Profile (NYSE:AWR)

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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