#3 - American States Water Company (NYSE:AWR)
The last utility company on this list is American States Water Company (NYSE:AWR). Like Essential Utilities, American States Water is not a pure play water stock. The company also buys and distributes electricity through its network of nine states.
Like many utilities, location matters. And American States Water is one of the largest water utility companies in California. The company serves approximately 260,000 customers in 80 California communities. That’s about a quarter of its customer base.
Over the last five years, AWR stock is up 73%. And since the June trough for the broader market, the stock is up 17%. That’s in addition to the company being a dividend king which means it’s increased its dividend for at least 50 consecutive years. In the case of American States Water, the company has increased its dividend for the last 62 consecutive years.
About American States Water
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.
Read More - Current Price
- $79.51
- Consensus Rating
- Hold
- Ratings Breakdown
- 0 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $86.00 (8.2% Upside)
