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American States Water (NYSE:AWR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Wednesday, Analyst Ratings.Net reports. They currently have a $31.60 price target on the stock. Zacks‘ target price would suggest a potential upside of 13.91% from the stock’s previous close.

American States Water (NYSE:AWR) traded down 1.23% during mid-day trading on Wednesday, hitting $27.40. The stock had a trading volume of 69,922 shares. American States Water has a 52-week low of $25.07 and a 52-week high of $33.085. The stock’s 50-day moving average is $28.27 and its 200-day moving average is $28.27. The company has a market cap of $1.061 billion and a P/E ratio of 17.66.

The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a dividend of 0.2025 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, February 12th.

Separately, 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.

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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