Janney Capital Upgrades American States Water Co to Neutral

Brokerage firm Janney Capital Upgrades its rating on American States Water Co(NYSE:AWR). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by Janney Capital was issued on Aug 5, 2016.

In a different note, On May 20, 2016, Barclays said it Maintains its rating on American States Water Co. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Underweight’ by the firm. On May 11, 2016, Ladenburg Thalmann said it Upgrades its rating on American States Water Co. The shares have been rated ‘Neutral’ by the firm.

American States Water Co (AWR) made into the market gainers list on Wednesdays trading session with the shares advancing 2.35% or 0.94 points. Due to strong positive momentum, the stock ended at $40.96, which is also near the day’s high of $41.57. The stock began the session at $39.87 and the volume stood at 4,09,326 shares. The 52-week high of the shares is $47.24 and the 52 week low is $35.8. The company has a current market capitalization of $1,497 M and it has 3,65,58,468 shares in outstanding.

American States Water Co(AWR) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $111.95M. Analysts had an estimated revenue of $113.01M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.44.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Denise L Kruger (Sr. Vice President) sold 500 shares at $43.11 per share price.Also, On Jul 7, 2016, Robert J Sprowls (President & CEO) sold 4,342 shares at $44.00 per share price.On Jun 6, 2016, Lloyd E Ross (director) sold 500 shares at $40.49 per share price, according to the Form-4 filing with the securities and exchange commission.

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services Inc. (ASUS) and its subsidiaries (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 operates in three segments: water electric and contracted services. Within the segments AWR has two business units water and electric service utility operations conducted through GSWC and contracted services conducted through ASUS and its subsidiaries. FBWS TUS ODUS PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase production and distribution of water in 75 communities in 10 counties in the State of California.

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