American States Water (NYSE:AWR) Issues Quarterly Earnings Results

American States Water (NYSE:AWR) announced its earnings results on Wednesday. The utilities provider reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.17, FiscalAI reports. The firm had revenue of $181.29 million for the quarter, compared to analysts’ expectations of $171.72 million. American States Water had a net margin of 19.66% and a return on equity of 13.06%.

American States Water Stock Down 0.8%

Shares of NYSE:AWR traded down $0.65 on Wednesday, hitting $84.75. 234,470 shares of the company traded hands, compared to its average volume of 310,533. American States Water has a 52 week low of $69.45 and a 52 week high of $90.11. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The stock has a 50 day simple moving average of $81.96 and a 200-day simple moving average of $77.59. The company has a market cap of $3.32 billion, a PE ratio of 24.71, a PEG ratio of 3.30 and a beta of 0.57.

American States Water Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Monday, August 17th will be issued a dividend of $0.5455 per share. The ex-dividend date is Monday, August 17th. This is a boost from American States Water’s previous quarterly dividend of $0.50. This represents a $2.18 annualized dividend and a dividend yield of 2.6%. American States Water’s dividend payout ratio is 58.89%.

Wall Street Analyst Weigh In

AWR has been the subject of a number of recent research reports. Zacks Research cut shares of American States Water from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 2nd. Freedom Capital upgraded shares of American States Water to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of American States Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Insider Transactions at American States Water

In other American States Water news, Director Anne M. Holloway sold 662 shares of American States Water stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $75.58, for a total value of $50,033.96. Following the completion of the transaction, the director directly owned 39,418 shares of the company’s stock, valued at approximately $2,979,212.44. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Paul J. Rowley sold 1,304 shares of American States Water stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $76.05, for a total transaction of $99,169.20. Following the completion of the transaction, the senior vice president directly owned 6,520 shares of the company’s stock, valued at $495,846. This trade represents a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On American States Water

Several institutional investors and hedge funds have recently made changes to their positions in AWR. State of Wyoming purchased a new position in American States Water in the 2nd quarter worth approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in American States Water by 337.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 721 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 556 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in American States Water during the 4th quarter valued at $59,000. Advisory Services Network LLC bought a new stake in shares of American States Water in the 3rd quarter worth $72,000. Finally, Strs Ohio bought a new stake in shares of American States Water in the 1st quarter worth $87,000. Institutional investors own 75.24% of the company’s stock.

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.