November 24, 2016 - By Peter Kolinski
In a analysts report revealed to clients on Thursday, 24 November, equity research analysts at Finncap initiated coverage on shares of Water (NYSE:AWR). The firm set a Corporate rating with $128.00, giving 202.10% to target.
Out of 3 analysts covering American States Water (NYSE:AWR), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. $40 is the highest target while $36 is the lowest. The $37.50 average target is -11.49% below today’s ($42.37) stock price. American States Water has been the topic of 8 analyst reports since August 8, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann upgraded American States Water Co (NYSE:AWR) on Wednesday, May 11 to “Neutral” rating. The firm has “Neutral” rating by Janney Capital given on Friday, August 5. Barclays Capital maintained American States Water Co (NYSE:AWR) rating on Friday, May 20. Barclays Capital has “Underweight” rating and $40 price target. The company was downgraded on Friday, February 26 by Ladenburg Thalmann. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, September 6 report. The firm earned “Buy” rating on Saturday, August 8 by Zacks. The rating was initiated by Barclays Capital on Monday, January 4 with “Underweight”. As per Friday, October 16, the company rating was downgraded by Janney Capital.
The stock decreased 4.77% or $2.12 on November 23, hitting $42.37. About 201,491 shares traded hands or 29.41% up from the average. American States Water Co (NYSE:AWR) has risen 4.69% since April 22, 2016 and is uptrending. It has underperformed by 0.71% the S&P500.
Analysts await American States Water Co (NYSE:AWR) to report earnings on February, 22. They expect $0.29 EPS, down 6.45% or $0.02 from last year’s $0.31 per share. AWR’s profit will be $11.02M for 36.53 P/E if the $0.29 EPS becomes a reality. After $0.59 actual EPS reported by American States Water Co for the previous quarter, Wall Street now forecasts -50.85% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.01, from 1 in 2016Q1. The ratio turned negative, as 31 funds sold all American States Water Co shares owned while 51 reduced positions. 17 funds bought stakes while 65 increased positions. They now own 22.71 million shares or 1.14% more from 22.46 million shares in 2016Q1.
Bank & Trust Of Montreal Can last reported 0% of its portfolio in the stock. Tru Of Vermont has 0.01% invested in the company for 2,000 shares. Moreover, Symons Capital Inc has 0.11% invested in American States Water Co (NYSE:AWR) for 10,760 shares. Tocqueville Asset Mngmt Lp accumulated 15,000 shares or 0.01% of the stock. Kbc Grp Nv last reported 0.06% of its portfolio in the stock. Envestnet Asset Incorporated last reported 0% of its portfolio in the stock. Wealthtrust accumulated 0% or 112 shares. The California-based California State Teachers Retirement System has invested 0.01% in American States Water Co (NYSE:AWR). Hl Finance Ser Ltd Liability holds 8,168 shares or 0.01% of its portfolio. Voya Investment Management Ltd Liability Corp accumulated 0.01% or 63,111 shares. Cliftonlarsonallen Wealth Ltd Com accumulated 19,876 shares or 0.13% of the stock. Mercer Capital Advisers Inc last reported 1,000 shares in the company. Blackrock Advsr Limited Liability accumulated 17,335 shares or 0% of the stock. State Of Tennessee Treasury Department last reported 0.01% of its portfolio in the stock. Strs Ohio holds 0.02% or 100,400 shares in its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 17 insider sales for $565,895 net activity. $32,000 worth of American States Water Co (NYSE:AWR) was sold by SCANLON PATRICK RONALD on Tuesday, November 1. 500 shares with value of $21,950 were sold by KRUGER DENISE L on Friday, July 1. HOLLOWAY ANNE M sold $39,450 worth of American States Water Co (NYSE:AWR) on Wednesday, August 24. $38,828 worth of shares were sold by BONTA DIANA M on Tuesday, September 6. ROSS LLOYD E had sold 500 shares worth $20,245 on Monday, June 6. SPROWLS ROBERT J sold $191,048 worth of stock.
American States Water Company is a holding company. The company has a market cap of $1.61 billion. The Firm is the parent firm of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), as well as various subsidiaries of ASUS. It has a 26.17 P/E ratio. The Company’s divisions include water, electric and contracted services.
According to Zacks Investment Research, “American States is a public utility company engaged principally in the purchase, production, distribution and sale of water. The company also distributes electricity in some communities. In the customer service areas for both water and electric, rates and operations are subject to the jurisdiction of the California Public Utilities Commission.”
American States Water Company (AWR), incorporated on February 25, 1998, is a holding company. The Firm is the parent firm of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc. (TUS), Old Dominion Utility Services, Inc. (ODUS), Palmetto State Utility Services, Inc. (PSUS) and Old North Utility Services, Inc. (ONUS). The Company’s divisions include water, electric and contracted services. Within the divisions, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries. GSWC is a public utility engaged principally in the purchase, production, distribution and sale of water in approximately 10 counties in the State of California. GSWC also distributes electricity in various San Bernardino County mountain communities in California through its Bear Valley Electric Service (BVES) division. GSWC serves approximately 260,150 water clients and over 23,850 electric customers.
More important recent American States Water Co (NYSE:AWR) news were published by: Businesswire.com which released: “American States Water Company to Present at the Southwest IDEAS Investor …” on November 10, 2016, also Businesswire.com published article titled: “American States Water Company Recognized For Gender-Diverse Leadership”, Seekingalpha.com published: “Drought Threatens American States Water Co.” on March 23, 2016. More interesting news about American States Water Co (NYSE:AWR) was released by: Seekingalpha.com and their article: “Dividend King #1: American States Water” with publication date: September 07, 2016.
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