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Diana M. Bonta, a director at American States Water Co. (NYSE:AWR), a $3 billion market cap utility company with a remarkable 55-year streak of consecutive dividend payments, recently sold shares of the company, according to a recent SEC filing. According to InvestingPro data, the company currently trades at $79.22 with a dividend yield of 2.39%. On March 12, 2025, Bonta sold a total of 969 common shares, with prices ranging from $77.00 to $77.06 per share. The transaction amounted to a total of $74,613.
In addition to the sales, Bonta had several acquisitions of common shares through dividend equivalent rights (DER) units credited as dividends at fair market value. These acquisitions occurred on various dates between August 2024 and February 2025, with prices ranging from $74.95 to $85.05 per share, totaling $4,870.
Following these transactions, Bonta holds 15,930.8 shares directly.
In other recent news, American States Water Company has announced adjustments to the base salaries of its top executives for 2025. The President and CEO, Robert J. Sprowls, will receive a base salary of $975,000, while Eva G. Tang, Senior Vice President and CFO, will earn $630,400. Other executives, including Paul J. Rowley and Christopher H. Connor, will also see adjusted salaries, reflecting the company’s strategy to maintain competitive compensation. These changes were formalized in a filing with the Securities and Exchange Commission.
Additionally, analysts at BofA Securities have downgraded American States Water’s stock rating from Neutral to Underperform, reducing the price target to $71. The downgrade is attributed to concerns about the stock’s high valuation compared to its peers, despite acknowledging the company’s strong management and earnings quality. BofA Securities highlighted the potential for multiple compression in a market with rising interest rates, which could affect stocks with high growth premiums. American States Water has not issued a public response to this downgrade and revised price target.
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