American States Water (NYSE:AWR) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

American States Water Company (NYSE:AWR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.48 and traded as high as $74.15. American States Water shares last traded at $73.5050, with a volume of 309,599 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American States Water in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, American States Water presently has a consensus rating of “Hold” and an average target price of $84.00.

American States Water Price Performance

The company has a market cap of $2.87 billion, a P/E ratio of 21.81, a P/E/G ratio of 3.57 and a beta of 0.69. The company’s 50-day moving average price is $73.78 and its two-hundred day moving average price is $73.48. The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 0.88.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The company had revenue of $164.28 million during the quarter, compared to analyst estimates of $168.82 million. As a group, sell-side analysts expect that American States Water Company will post 3.34 earnings per share for the current year.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.504 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. American States Water’s payout ratio is 59.94%.

Hedge Funds Weigh In On American States Water

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWR. State of Wyoming acquired a new position in shares of American States Water during the second quarter valued at $26,000. Aster Capital Management DIFC Ltd raised its stake in shares of American States Water by 610.5% during the third quarter. Aster Capital Management DIFC Ltd now owns 540 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 464 shares in the last quarter. IFP Advisors Inc lifted its holdings in American States Water by 113.6% in the fourth quarter. IFP Advisors Inc now owns 549 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 292 shares during the period. Plato Investment Management Ltd acquired a new stake in American States Water in the fourth quarter worth about $45,000. Finally, Motiv8 Investments LLC bought a new position in American States Water in the 4th quarter valued at about $45,000. 75.24% of the stock is owned by institutional investors.

About American States Water

American States Water Company (NYSE: AWR), founded in 1929 and headquartered in San Dimas, California, is a publicly traded utility holding company. The company operates primarily through two regulated segments—water and electric utilities—and provides non-regulated water system services. Over its history, American States Water has expanded its footprint through strategic acquisitions and organic growth, positioning itself as a reliable provider of essential services in its core territories.

Within its regulated water utility segment, American States Water serves more than 250,000 residential, commercial and industrial customers across 35 communities in six counties of California.