The stock of American States Water Co (NYSE:AWR) is a huge mover today! The stock increased 3.35% or $1.42 during the last trading session, hitting $43.79. About 54,675 shares traded hands. 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.
The move comes after 5 months positive chart setup for the $1.53 billion company. It was reported on Nov, 25 by Barchart.com. We have $47.29 PT which if reached, will make NYSE:AWR worth $122.40M more.
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 $10.13M for 37.75 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.
American States Water Co (NYSE:AWR) Ratings Coverage
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. American States Water has been the topic of 9 analyst reports since August 8, 2015 according to StockzIntelligence Inc. The stock of American States Water Co (NYSE:AWR) earned “Buy” rating by Zacks on Saturday, August 8. On Friday, May 20 the stock rating was maintained by Barclays Capital with “Underweight”. FinnCap initiated American States Water Co (NYSE:AWR) on Thursday, November 24 with “Corporate” rating. Barclays Capital maintained the shares of AWR in a report on Tuesday, September 6 with “Underweight” rating. On Wednesday, May 11 the stock rating was upgraded by Ladenburg Thalmann to “Neutral”. The stock has “Underweight” rating given by Barclays Capital on Monday, January 4. The company was downgraded on Friday, October 16 by Janney Capital. The stock has “Neutral” rating given by Janney Capital on Friday, August 5. As per Friday, February 26, the company rating was downgraded by Ladenburg Thalmann.
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.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.01, from 1 in 2016Q1. The ratio dived, 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.
Rhumbline Advisers holds 0.01% or 65,616 shares in its portfolio. Segall Bryant And Hamill Limited Liability Corporation accumulated 73,267 shares or 0.08% of the stock. Ladenburg Thalmann Fincl Service reported 8,898 shares or 0.01% of all its holdings. Lpl Fincl Ltd Liability Corp last reported 0% of its portfolio in the stock. Ent Fincl Services Corporation has 0% invested in the company for 58 shares. Texas Permanent School Fund has 27,950 shares for 0.02% of their US portfolio. Tiaa Cref Mngmt Lc has 0.01% invested in the company for 166,899 shares. The Illinois-based Northern Tru Corporation has invested 0.01% in American States Water Co (NYSE:AWR). Thrivent Financial For Lutherans holds 147,410 shares or 0.03% of its portfolio. Capital One Association accumulated 11,908 shares or 0.04% of the stock. Alexandria Limited owns 213 shares or 0% of their US portfolio. Symons Mngmt accumulated 10,760 shares or 0.11% of the stock. Price T Rowe Associates Md reported 26,284 shares or 0% of all its holdings. Moreover, Arizona State Retirement System has 0.01% invested in American States Water Co (NYSE:AWR) for 19,000 shares. Moreover, Clean Yield has 0.02% invested in American States Water Co (NYSE:AWR) for 1,200 shares.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 17 insider sales for $565,895 net activity. 500 shares with value of $20,000 were sold by SCANLON PATRICK RONALD on Wednesday, September 7. $21,950 worth of shares were sold by KRUGER DENISE L on Friday, July 1. 300 shares with value of $12,114 were sold by BONTA DIANA M on Friday, June 3. 986 shares with value of $39,450 were sold by HOLLOWAY ANNE M on Wednesday, August 24. ROSS LLOYD E sold $19,710 worth of American States Water Co (NYSE:AWR) on Tuesday, September 6. SPROWLS ROBERT J also sold $191,048 worth of American States Water Co (NYSE:AWR) shares.
More 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 the news titled: “American States Water Company Recognized For Gender-Diverse Leadership” on November 17, 2016. Seekingalpha.com‘s news article titled: “Drought Threatens American States Water Co.” with publication date: March 23, 2016 was also an interesting one.
AWR Company Profile
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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