American States Water Company Buyback
OLI recorded this information on 5/21/2015
American States Water Company
Share Amount Authorized:
American States Water Company (NYSE:AWR) announced today that its Board of Directors has approved a new stock repurchase program authorizing the Company to repurchase up to 1.2 million shares or approximately 3.2% of its outstanding common shares from time to time through June 30, 2017. The Company had previously approved a 1.25 million share buyback program in 2014 which was completed earlier this month.
American States Water is a holding company. Co. is the parent company of Golden State Water Company (GSWC), Bear Valley Electric Service, Inc. (BVESI) and American States Utility Services, Inc. (ASUS). Co. has three reportable segments: water, electric and contracted services. Within the segments, Co. has three principal business units, water and electric service utility operations conducted through its regulated utilities GSWC and BVESI, respectively, and contracted services conducted through ASUS and its subsidiaries.
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Strong Buy (3.50 out of 4)