American States Water (NYSE:AWR) Sets New 52-Week High at $77.60
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.
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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