American States Water (NYSE:AWR – Get Rating) released its quarterly earnings results on Monday. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.15), MarketWatch Earnings reports. American States Water had a net margin of 18.91% and a return on equity of 14.09%. During the same quarter in the previous year, the company earned $0.52 earnings per share.
AWR stock opened at $77.84 on Tuesday. The company’s 50 day moving average price is $85.90 and its 200 day moving average price is $91.03. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 30.53 and a beta of 0.29. American States Water has a fifty-two week low of $76.11 and a fifty-two week high of $103.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.81 and a current ratio of 0.89.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, May 13th. American States Water’s dividend payout ratio is presently 57.26%.
A number of institutional investors have recently bought and sold shares of AWR. OLD Mission Capital LLC acquired a new position in shares of American States Water during the 3rd quarter worth about $596,000. Morgan Stanley lifted its stake in American States Water by 5.2% during the second quarter. Morgan Stanley now owns 296,452 shares of the utilities provider’s stock worth $23,586,000 after purchasing an additional 14,670 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of American States Water by 3.2% in the 4th quarter. Parametric Portfolio Associates LLC now owns 146,249 shares of the utilities provider’s stock valued at $15,128,000 after buying an additional 4,585 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in American States Water by 15.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 84,523 shares of the utilities provider’s stock valued at $8,743,000 after acquiring an additional 11,506 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in American States Water by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 51,243 shares of the utilities provider’s stock valued at $5,301,000 after acquiring an additional 971 shares in the last quarter. Institutional investors own 72.04% of the company’s stock.
AWR has been the subject of several research reports. Zacks Investment Research downgraded American States Water from a “hold” rating to a “sell” rating and set a $90.00 target price for the company. in a research report on Monday, April 18th. StockNews.com initiated coverage on shares of American States Water in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Barclays reduced their target price on shares of American States Water from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, March 15th. Finally, Wells Fargo & Company dropped their price target on shares of American States Water from $94.00 to $86.00 and set an “equal weight” rating for the company in a research note on Thursday, February 24th.
American States Water Company Profile (Get Rating)
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
- Get a free copy of the StockNews.com research report on American States Water (AWR)
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