Wells Fargo Sticks to Their Sell Rating for American States Water Company (AWR)
In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Sell rating on American States Water Company (AWR). The company’s shares closed last Monday at $87.67.
According to TipRanks.com, Reeder is a 3-star analyst with an average return of 8.8% and a 60.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Hawaiian Electric Industries, California Water Service, and Essential Utilities.
The the analyst consensus on American States Water Company is currently a Moderate Sell rating.
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Based on American States Water Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $27.88 million. In comparison, last year the company had a net profit of $13.72 million.
Based on the recent corporate insider activity of 129 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AWR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American States Water Co. is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.