November 29, 2016 - By Clifton Ray
Anne Holloway, director of American States Water Co is the insider, we want to write for today. Mr. Anne submitted an electronic document with the DC-based SEC disclosing a sale for 1,500 shares of the ‘s company, the one she is an insider in. At the time of the legal trade, the average share price of American States Water Co was $44.1, making the shares block worth $66,184 U.S Dollars. Anne Holloway currently owns 0.11% of American States Water Co’s market capitalization with ownership of 39,295 shares.
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. The company was downgraded on Friday, October 16 by Janney Capital. Janney Capital upgraded the stock to “Neutral” rating in Friday, August 5 report. The firm has “Underweight” rating given on Monday, January 4 by Barclays Capital. The stock has “Underweight” rating given by Barclays Capital on Friday, May 20. The firm earned “Buy” rating on Saturday, August 8 by Zacks. As per Thursday, November 24, the company rating was initiated by FinnCap. The company was maintained on Tuesday, September 6 by Barclays Capital. The company was downgraded on Friday, February 26 by Ladenburg Thalmann. Ladenburg Thalmann upgraded the shares of AWR in a report on Wednesday, May 11 to “Neutral” rating.
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.
Nj State Employees Deferred Compensation Plan last reported 0.56% of its portfolio in the stock. Paradigm Asset Mngmt Co Limited Liability Company last reported 0% of its portfolio in the stock. Moreover, King Wealth Mngmt Grp Ltd Com has 0.16% invested in American States Water Co (NYSE:AWR) for 7,000 shares. Zacks Inv Mngmt last reported 0.19% of its portfolio in the stock. Credit Suisse Ag has 0.02% invested in the company for 438,147 shares. Legal General Public Lc, a United Kingdom-based fund reported 83,702 shares. Ladenburg Thalmann Fincl accumulated 0.01% or 8,898 shares. Sei Invests Com accumulated 1,705 shares or 0% of the stock. Teachers Advisors Inc has 0% invested in the company for 59,077 shares. Tower Capital Limited Company (Trc) accumulated 0.01% or 2,592 shares. Cutter Brokerage Incorporated owns 58,416 shares or 1.09% of their US portfolio. State Street Corporation last reported 814,027 shares in the company. Baillie Gifford And Company accumulated 0.04% or 561,470 shares. Massachusetts Serv Company Ma accumulated 8,662 shares or 0% of the stock. Alexandria Cap Ltd Liability Corporation holds 0% of its portfolio in American States Water Co (NYSE:AWR) for 213 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 16 selling transactions for $546,345 net activity. $19,710 worth of American States Water Co (NYSE:AWR) was sold by ROSS LLOYD E. Another trade for 500 shares valued at $19,550 was made by KRUGER DENISE L on Wednesday, June 1. SCANLON PATRICK RONALD sold $20,000 worth of stock or 500 shares. BONTA DIANA M also sold $12,114 worth of American States Water Co (NYSE:AWR) shares. On Wednesday, August 24 the insider HOLLOWAY ANNE M sold $39,450. SPROWLS ROBERT J sold 4,342 shares worth $191,048.
About 44,696 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 EPS, 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 EPS 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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By Clifton Ray