American States Water Co. Declares Quarterly Dividend of $0.20 (AWR)
American States Water (NYSE:AWR) announced a quarterly dividend on Wednesday, January 29th, Analyst Ratings News reports. Shareholders of record on Monday, February 17th will be paid a dividend of 0.2025 per share on Monday, March 3rd. This represents a $0.81 annualized dividend and a dividend yield of 2.88%.
A number of research firms have recently commented on AWR. Analysts at Janney Montgomery Scott upgraded shares of American States Water from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 23rd. They now have a $32.00 price target on the stock, up previously from $13.50. Analysts at Zacks upgraded shares of American States Water from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. They now have a $30.20 price target on the stock.
Shares of American States Water (NYSE:AWR) traded down 1.05% during mid-day trading on Wednesday, hitting $28.17. The stock had a trading volume of 140,761 shares. American States Water has a 1-year low of $25.07 and a 1-year high of $33.085. The stock has a 50-day moving average of $28.14 and a 200-day moving average of $28.32. The company has a market cap of $1.091 billion and a P/E ratio of 18.12.
American States Water (NYSE:AWR) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.06. The company had revenue of $130.91 million for the quarter, compared to the consensus estimate of $137.11 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, analysts predict that American States Water will post $1.47 earnings per share for the current fiscal year.
American States Water Company (NYSE:AWR), is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS)).
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