Shares of American States Water Company (NYSE:AWR) have been given an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus target price of $47.33 for the company and are expecting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given American States Water an industry rank of 104 out of 265 based on the ratings given to its competitors.
AWR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research note on Monday, October 23rd. Wells Fargo & Company increased their price target on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd.
American States Water (NYSE:AWR) last released its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). American States Water had a net margin of 15.28% and a return on equity of 13.34%. The business had revenue of $124.40 million during the quarter, compared to analysts’ expectations of $145.78 million. During the same quarter last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. equities research analysts predict that American States Water will post 1.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Tuesday, November 14th. American States Water’s dividend payout ratio (DPR) is presently 55.74%.
In other news, Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.72, for a total value of $31,032.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Diana M. Bonta sold 1,675 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total value of $96,178.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,775 shares of company stock valued at $311,573. 1.49% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Pinebridge Investments L.P. increased its holdings in shares of American States Water by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 4,824 shares of the utilities provider’s stock valued at $229,000 after purchasing an additional 51 shares during the period. IFP Advisors Inc increased its holdings in shares of American States Water by 1.9% in the second quarter. IFP Advisors Inc now owns 5,548 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 101 shares during the period. Amalgamated Bank increased its holdings in shares of American States Water by 3.1% in the second quarter. Amalgamated Bank now owns 5,022 shares of the utilities provider’s stock valued at $238,000 after purchasing an additional 152 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in American States Water by 0.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 45,659 shares of the utilities provider’s stock worth $2,165,000 after acquiring an additional 239 shares during the period. Finally, Texas Permanent School Fund grew its holdings in American States Water by 0.9% during the second quarter. Texas Permanent School Fund now owns 26,734 shares of the utilities provider’s stock worth $1,267,000 after acquiring an additional 245 shares during the period. 64.71% of the stock is currently owned by institutional investors and hedge funds.
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About American States Water
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as 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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