American States Water director Bonta sells $48,486 in shares

American States Water Co (AWR) director Diana M. Bonta sold 546 of her company's common shares on September 4, 2026, according to a recent SEC filing. The transaction was completed in multiple transactions, with each share priced between $88.80 and $88.83. The stock is currently trading at $88.28, close to its 52-week high of $91.72, although analysts believe the company may be overvalued at present. As a result of this sale, Bonta directly holds 16,611.9537 common shares of AWR.

Notably, Bonta's beneficial ownership also includes 21.5246 dividend equivalent right (DER) units, credited on August 17, 2026, and an additional 3.2567 DER units credited on September 2, 2026. AWR has a strong track record of dividend payments, having maintained them for 56 consecutive years with a current yield of 2.47%. These additional units were credited under the terms of AWR's 2003 and 2023 non-employee directors stock plans, based on Bonta's last report.

In other recent news, AWR reported stronger-than-expected financial results for the second quarter of 2026. The company earned $1.09 per share, exceeding Wall Street's estimate of $0.94. Revenue also surpassed expectations, totaling $181.29 million compared to the forecasted $171.64 million. This growth can be attributed to new rates, higher construction activity, and improved performance in the water segment.

Earnings per share increased by 25.3% compared to the previous year. There were no recent updates on mergers or acquisitions involving AWR, and there have been no recent upgrades or downgrades from analysts.

These financial developments demonstrate AWR's positive performance in the latest quarter. This report was created with the support of AI technology and reviewed by an editor. For additional information, please refer to the source's Terms and Conditions.