November 29, 2016 - By Hazel Jackson
Diana Bonta, director of American States Water Co, in an insider selling unloaded 900 shares whose amount is estimated to be $39,600 at average stock price of $44.0. Mr. Diana now has ownership of 22,117 shares, accounting for 0.06% of American States Water Co’s total market capitalization.
Out of 4 analysts covering American States Water (NYSE:AWR), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. $128 is the highest target while $36 is the lowest. The $67.67 average target is 53.03% above today’s ($44.22) stock price. American States Water has been the topic of 9 analyst reports since August 8, 2015 according to StockzIntelligence Inc. As per Friday, August 5, the company rating was upgraded by Janney Capital. FinnCap initiated the shares of AWR in a report on Thursday, November 24 with “Corporate” rating. As per Friday, October 16, the company rating was downgraded by Janney Capital. The firm earned “Underweight” rating on Monday, January 4 by Barclays Capital. The firm earned “Buy” rating on Saturday, August 8 by Zacks. The stock of American States Water Co (NYSE:AWR) has “Sell” rating given on Friday, February 26 by Ladenburg Thalmann. The rating was maintained by Barclays Capital with “Underweight” on Friday, May 20. The company was upgraded on Wednesday, May 11 by Ladenburg Thalmann. The rating was maintained by Barclays Capital on Tuesday, September 6 with “Underweight”.
Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. 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.
Thrivent Finance For Lutherans holds 147,410 shares or 0.03% of its portfolio. The Massachusetts-based Commonwealth Equity Service has invested 0.02% in American States Water Co (NYSE:AWR). Moreover, Teachers Retirement System Of The State Of Kentucky has 0.01% invested in American States Water Co (NYSE:AWR) for 11,900 shares. Tower Capital Llc (Trc) holds 0.01% of its portfolio in American States Water Co (NYSE:AWR) for 2,592 shares. Vanguard Grp Inc Inc reported 3.27M shares or 0.01% of all its holdings. First Savings Bank Sioux Falls last reported 0.08% of its portfolio in the stock. Blackrock Invest Mngmt Ltd reported 159,031 shares or 0.01% of all its holdings. Granite Invest Prns Ltd Liability Corporation holds 0.97% of its portfolio in American States Water Co (NYSE:AWR) for 280,074 shares. Ingalls & Snyder Ltd Liability Corp has 0.03% invested in the company for 12,525 shares. Finemark Savings Bank And Tru owns 900 shares or 0% of their US portfolio. Raymond James Finance Advsr Incorporated accumulated 0.02% or 55,307 shares. Creative Planning has invested 0% of its portfolio in American States Water Co (NYSE:AWR). Jefferies Grp Inc Limited Liability Corp last reported 6,048 shares in the company. Credit Suisse Ag has 0.02% invested in the company for 438,147 shares. Btim accumulated 383,461 shares or 0.29% of the stock.
Insider Transactions: Since June 1, 2016, the stock had 0 insider purchases, and 16 insider sales for $546,345 net activity. KRUGER DENISE L sold 500 shares worth $19,550. Shares for $8,000 were sold by SCANLON PATRICK RONALD on Monday, October 3. ROSS LLOYD E sold $38,710 worth of stock. 300 shares with value of $12,114 were sold by BONTA DIANA M on Friday, June 3. $39,450 worth of American States Water Co (NYSE:AWR) shares were sold by HOLLOWAY ANNE M. $191,048 worth of shares were sold by SPROWLS ROBERT J on Tuesday, July 5.
About 44,186 shares traded hands. American States Water Co (NYSE:AWR) has risen 7.97% since April 26, 2016 and is uptrending. It has outperformed by 2.71% the S&P500.
American States Water Company is a holding company. The company has a market cap of $1.63 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 27.31 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.”
Analysts await American States Water Co (NYSE:AWR) to report earnings on February, 22. They expect $0.29 earnings per share, down 6.45% or $0.02 from last year’s $0.31 per share. AWR’s profit will be $10.69M for 38.12 P/E if the $0.29 EPS becomes a reality. After $0.59 actual earnings per share reported by American States Water Co for the previous quarter, Wall Street now forecasts -50.85% negative EPS growth.
More news for American States Water Co (NYSE:AWR) were recently published by: Businesswire.com, which released: “American States Water Company to Present at the Southwest IDEAS Investor ..” on November 10, 2016. Seekingalpha.com‘s article titled: “Drought Threatens American States Water Co.” and published on March 23, 2016 is yet another important article.
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.
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