Patrick Ronald Scanlon Sells 1,105 Shares of American States Water Co (NYSE:AWR) Stock

American States Water Co (NYSE:AWR) insider Patrick Ronald Scanlon sold 1,105 shares of American States Water stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $91.06, for a total transaction of $100,621.30. Following the completion of the transaction, the insider now directly owns 19,374 shares in the company, valued at approximately $1,764,196.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Patrick Ronald Scanlon also recently made the following trade(s):

  • On Wednesday, August 28th, Patrick Ronald Scanlon sold 1,105 shares of American States Water stock. The shares were sold at an average price of $90.73, for a total transaction of $100,256.65.

Shares of AWR stock opened at $92.96 on Friday. American States Water Co has a 1 year low of $58.48 and a 1 year high of $94.39. The firm’s fifty day simple moving average is $90.80 and its 200 day simple moving average is $78.55. The firm has a market capitalization of $3.36 billion, a P/E ratio of 46.09, a price-to-earnings-growth ratio of 5.41 and a beta of -0.10. The company has a current ratio of 1.15, a quick ratio of 1.09 and a debt-to-equity ratio of 0.82.

American States Water (NYSE:AWR) last announced its earnings results on Monday, August 5th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.12. American States Water had a net margin of 16.55% and a return on equity of 13.04%. The business had revenue of $124.65 million for the quarter, compared to analyst estimates of $119.71 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. American States Water’s revenue was up 16.6% compared to the same quarter last year. Equities research analysts anticipate that American States Water Co will post 2.11 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in AWR. Parametric Portfolio Associates LLC increased its position in American States Water by 4.1% during the first quarter. Parametric Portfolio Associates LLC now owns 161,613 shares of the utilities provider’s stock worth $11,523,000 after acquiring an additional 6,415 shares during the period. NumerixS Investment Technologies Inc increased its position in American States Water by 124.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,344 shares of the utilities provider’s stock worth $96,000 after acquiring an additional 744 shares during the period. FIL Ltd increased its position in American States Water by 42.9% during the first quarter. FIL Ltd now owns 10,000 shares of the utilities provider’s stock worth $713,000 after acquiring an additional 3,000 shares during the period. Citigroup Inc. increased its position in American States Water by 178.1% during the first quarter. Citigroup Inc. now owns 24,369 shares of the utilities provider’s stock worth $1,737,000 after acquiring an additional 15,605 shares during the period. Finally, Magellan Asset Management Ltd increased its position in American States Water by 23.1% during the first quarter. Magellan Asset Management Ltd now owns 29,369 shares of the utilities provider’s stock worth $2,094,000 after acquiring an additional 5,520 shares during the period. 72.41% of the stock is currently owned by institutional investors and hedge funds.

AWR has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research report on Thursday, August 8th. ValuEngine lowered shares of American States Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

American States Water Company Profile

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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Insider Buying and Selling by Quarter for American States Water (NYSE:AWR)

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