American States Water (NYSE:AWR - Free Report) - Equities researchers at Seaport Res Ptn increased their FY2025 EPS estimates for American States Water in a research report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $3.39 per share for the year, up from their previous forecast of $3.31. The consensus estimate for American States Water's current full-year earnings is $3.02 per share.
American States Water (NYSE:AWR - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.03). The company had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. American States Water had a return on equity of 13.53% and a net margin of 19.26%. The business's revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share.
Several other research analysts have also recently commented on AWR. StockNews.com cut shares of American States Water from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Bank of America began coverage on shares of American States Water in a research note on Wednesday, December 11th. They issued a "neutral" rating and a $85.00 price objective for the company. Finally, Wells Fargo & Company downgraded shares of American States Water from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $84.00 to $77.00 in a research note on Tuesday.
Check Out Our Latest Analysis on AWR
American States Water Trading Down 2.0 %
Shares of NYSE:AWR traded down $1.50 during midday trading on Tuesday, reaching $73.09. The company had a trading volume of 269,792 shares, compared to its average volume of 182,173. The company has a fifty day simple moving average of $82.34 and a two-hundred day simple moving average of $81.30. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 6.77 and a beta of 0.53. American States Water has a 1-year low of $66.03 and a 1-year high of $87.50.
Institutional Investors Weigh In On American States Water
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AWR. GAMMA Investing LLC raised its holdings in shares of American States Water by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,720 shares of the utilities provider's stock worth $134,000 after acquiring an additional 216 shares in the last quarter. Principal Financial Group Inc. increased its position in American States Water by 107.1% in the 3rd quarter. Principal Financial Group Inc. now owns 381,981 shares of the utilities provider's stock worth $31,815,000 after purchasing an additional 197,556 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of American States Water during the 3rd quarter worth about $287,000. Geode Capital Management LLC lifted its holdings in shares of American States Water by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 850,878 shares of the utilities provider's stock valued at $70,884,000 after buying an additional 13,024 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. grew its stake in shares of American States Water by 50.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 42,618 shares of the utilities provider's stock valued at $3,550,000 after buying an additional 14,380 shares in the last quarter. Hedge funds and other institutional investors own 75.24% of the company's stock.
American States Water Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.4655 per share. This represents a $1.86 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, November 15th. American States Water's dividend payout ratio is currently 62.63%.
About American States Water
(
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American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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