What is Seaport Res Ptn’s Estimate for AWR FY2025 Earnings?

American States Water Company (NYSE:AWR) – Seaport Res Ptn upped their FY2025 earnings estimates for American States Water in a research note issued to investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $3.26 per share for the year, up from their previous forecast of $3.23. The consensus estimate for American States Water’s current full-year earnings is $3.34 per share.

Separately, Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th.

American States Water Stock Up 0.1%

Shares of American States Water stock opened at $73.59 on Thursday. The business has a fifty day simple moving average of $76.79 and a 200 day simple moving average of $76.84. The stock has a market cap of $2.83 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 3.95 and a beta of 0.61. The company has a quick ratio of 0.76, a current ratio of 0.81 and a debt-to-equity ratio of 0.83. American States Water has a 12 month low of $70.29 and a 12 month high of $87.50.

American States Water (NYSE:AWR) last issued its earnings results on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, meeting the consensus estimate of $0.70. American States Water had a net margin of 20.22% and a return on equity of 13.45%. The company had revenue of $148.01 million during the quarter, compared to analysts’ expectations of $142.00 million. During the same quarter in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWR. Sei Investments Co. bought a new position in shares of American States Water during the 4th quarter valued at about $495,000. KLP Kapitalforvaltning AS acquired a new stake in American States Water during the 4th quarter worth approximately $637,000. LPL Financial LLC lifted its stake in American States Water by 11.3% in the fourth quarter. LPL Financial LLC now owns 28,469 shares of the utilities provider’s stock valued at $2,213,000 after buying an additional 2,887 shares in the last quarter. Vanguard Group Inc. lifted its stake in American States Water by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,831,526 shares of the utilities provider’s stock valued at $375,506,000 after buying an additional 33,371 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of American States Water by 31.0% in the fourth quarter. JPMorgan Chase & Co. now owns 350,616 shares of the utilities provider’s stock valued at $27,250,000 after buying an additional 82,951 shares during the period. 75.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other American States Water news, Director Thomas A. Eichelberger acquired 897 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The shares were acquired at an average price of $76.81 per share, with a total value of $68,898.57. Following the purchase, the director owned 8,467 shares of the company’s stock, valued at $650,350.27. This represents a 11.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by company insiders.

American States Water Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be issued a $0.504 dividend. This is a positive change from American States Water’s previous quarterly dividend of $0.47. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. American States Water’s payout ratio is 57.23%.

About American States Water

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.