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American States Water (NYSE:AWR) reached a new 52-week high during mid-day trading on Monday , AnalystRatings.NET reports. The stock traded as high as $33.17 and last traded at $33.10, with a volume of 38,788 shares traded. The stock had previously closed at $32.97.

Separately, analysts at Zacks downgraded shares of American States Water from an “outperform” rating to a “neutral” rating in a research note on Monday, May 12th. They now have a $34.70 price target on the stock.

The stock’s 50-day moving average is $30.48 and its 200-day moving average is $29.84. The company has a market cap of $1.289 billion and a P/E ratio of 21.35.

American States Water (NYSE:AWR) last announced its earnings results on Tuesday, May 6th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.06. The company had revenue of $101.95 million for the quarter, compared to the consensus estimate of $110.70 million. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts predict that American States Water will post $1.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Friday, August 15th will be paid a dividend of $0.213 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, August 13th. This is an increase from American States Water’s previous quarterly dividend of $0.20.

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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