American States Water (NYSE:AWR) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

American States Water (NYSE:AWR) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06, FiscalAI reports. The firm had revenue of $164.28 million for the quarter, compared to analyst estimates of $168.82 million. American States Water had a net margin of 20.43% and a return on equity of 13.26%.

American States Water Stock Performance

Shares of NYSE:AWR traded down $1.42 during midday trading on Wednesday, hitting $73.46. The company’s stock had a trading volume of 250,985 shares, compared to its average volume of 247,587. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.27. The stock’s 50 day simple moving average is $73.26 and its 200 day simple moving average is $73.60. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 21.73, a PEG ratio of 3.81 and a beta of 0.69. American States Water has a fifty-two week low of $69.45 and a fifty-two week high of $82.94.

American States Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, February 23rd will be issued a $0.504 dividend. This represents a $2.02 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, February 23rd. American States Water’s payout ratio is 59.76%.

Institutional Trading of American States Water

Hedge funds have recently bought and sold shares of the stock. State of Wyoming acquired a new position in shares of American States Water in the second quarter valued at $26,000. EverSource Wealth Advisors LLC raised its stake in shares of American States Water by 337.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock valued at $55,000 after buying an additional 556 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of American States Water during the 3rd quarter worth about $72,000. Strs Ohio acquired a new stake in shares of American States Water during the 1st quarter valued at about $87,000. Finally, Smartleaf Asset Management LLC increased its stake in American States Water by 6.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock valued at $196,000 after acquiring an additional 150 shares during the period. 75.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

American States Water Company Profile

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.