The stock is trading at $55.10 which is a tad above $51.59, the stock’s 50 day moving average and which is quite a bit above the 200 day moving average of $48.40. The 50 day moving average went up by +6.81% and the 200 day average was up $6.70. Trading volume for American States Water Company was 167K by the end of trading on Tuesday. Overall, volume was down 48.10% under the stocks normal daily volume.
Investors are feeling more bullish on shares of American States Water Company of late if you put credence in the change in short interest. The company had a fall in short interest from September 15, 2017 to September 29, 2017 of -2.43%. Short shares decreased 14,172 over that timeframe. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.02% as of September 29.
There has been some selling insider activity on American States Water Company (NYSE:AWR) recently. Denise L. Kruger, Sr VP sold $62,013 worth of shares at an average price of $49.61 on October 2nd. Kruger now owns $469,592 of stock as recorded in a recent Form 4 SEC filing. Director James L. Anderson let go of 1,750 shares at an average price of $49.10 on Fri the 18th. That brings Anderson’s holdings to $1,733,027 per an SEC filing yesterday.
Bryan K. Switzer, VP let go of $145,448 worth of shares at an average price of $49.76 on Wed the 16th. That brings the VP’s holdings to $726,739 as reported to the SEC.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Bank Of Montreal /can/ had disposed of 120 shares trimming its position 37.5%. The value of the investment in (AWR) decreased from $15,000 to $10,000 a change of 33.3% quarter over quarter. Meeder Asset Management Inc grew its ownership by buying 643 shares an increase of 65.5%. Meeder Asset Management Inc now controls 1,625 shares with a value of $80,000. The total value of its holdings increased 70.2%.
As of quarter end Wealthtrust-arizona, LLC had bought a total of 1 shares growing its holdings by 0.9%. The value of the investment in American States Water Company went from $5,000 to $6,000 a change of $1,000 for the reporting period. As of the end of the quarter Cutter & CO Brokerage, Inc. had disposed of a total of 3,395 shares trimming its stake by 6.8%. The value in dollars went from $2,367,000 to $2,291,000 decreasing 3.2% since the last quarter.
In the market the company is trading down since yesterday’s close of 55.61. The company announced a dividend for shareholders that was paid on Friday the 1st of September 2017. The dividend was $0.255 per share for the quarter which comes to $1.02 on an annualized basis. This dividend represents a yield of $1.83. The ex-dividend date was Friday the 11th of August 2017.
The P/E ratio is 29.74 and the market cap is 2.02B. In the last earnings report the EPS was $1.85 and is projected to be $1.70 for the current year with 36,644,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.30 with next year’s EPS projected to be $1.79.
American States Water Company (AWR), launched on February 25, 1998, is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS), as well as ASUS’ subsidiaries, including 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 Business’s segments include water, electric and contracted services. Within the segments, 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. As of December 31, 2016, GSWC was engaged in purchase, production, distribution and sale of water in 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. As of December 31, 2016, GSWC served 261,002 water customers and 23,940 electric customers..