American States Water Company (NYSE:AWR) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.255 per share by the utilities provider on Friday, December 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Tuesday, November 14th.
American States Water has raised its dividend by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 62 years. American States Water has a dividend payout ratio of 59.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American States Water to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 57.3%.
American States Water (NYSE:AWR) opened at $55.37 on Friday. The company has a market capitalization of $2,000.00, a PE ratio of 29.96, a price-to-earnings-growth ratio of 6.39 and a beta of 0.45. American States Water has a one year low of $41.14 and a one year high of $56.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97.
American States Water (NYSE:AWR) last announced its earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.01). The business had revenue of $124.40 million for the quarter, compared to analysts’ expectations of $145.78 million. American States Water had a return on equity of 13.34% and a net margin of 15.28%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 earnings per share. sell-side analysts expect that American States Water will post 1.72 EPS for the current year.
In other American States Water news, Director Anne M. Holloway sold 1,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $55.00, for a total transaction of $55,000.00. Following the completion of the sale, the director now directly owns 38,399 shares in the company, valued at $2,111,945. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd E. Ross sold 600 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The disclosure for this sale can be found here. Insiders sold 11,800 shares of company stock valued at $527,340 over the last quarter. 1.49% of the stock is currently owned by corporate insiders.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Monday, October 23rd. Wells Fargo & Company upped their target price on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
Receive News & Ratings for American States Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water Company and related companies with MarketBeat.com's FREE daily email newsletter.