Shares of American States Water Co (NYSE:AWR) have been assigned an average broker rating score of 3.67 (Sell) from the three brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and two have assigned a hold recommendation to the company. American States Water’s rating score has declined by 22.3% in the last three months as a result of various analysts’ ratings changes.
Brokers have set a twelve-month consensus price objective of $49.00 for the company and are predicting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 190 out of 265 based on the ratings given to its competitors.
AWR has been the topic of a number of analyst reports. Wells Fargo & Co downgraded shares of American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price target on the stock. in a research report on Monday, December 18th. Zacks Investment Research downgraded shares of American States Water from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.
Shares of American States Water (NYSE:AWR) traded down $0.54 during midday trading on Friday, hitting $54.29. 304,572 shares of the stock traded hands, compared to its average volume of 392,196. The company has a market cap of $1,990.00, a price-to-earnings ratio of 29.67, a PEG ratio of 7.68 and a beta of 0.38. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.61. American States Water has a one year low of $41.14 and a one year high of $60.00.
American States Water (NYSE:AWR) last announced its quarterly earnings results on Monday, February 26th. The utilities provider reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $104.18 million during the quarter, compared to analyst estimates of $121.02 million. American States Water had a net margin of 15.28% and a return on equity of 13.34%. The business’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. equities research analysts expect that American States Water will post 1.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, February 15th will be given a $0.255 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.88%. American States Water’s dividend payout ratio is 55.74%.
In related news, Director Diana M. Bonta sold 1,675 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total value of $96,178.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lloyd E. Ross sold 1,100 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $55.79, for a total transaction of $61,369.00. Following the completion of the sale, the director now owns 50,706 shares in the company, valued at $2,828,887.74. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Front Row Advisors LLC acquired a new stake in American States Water during the 4th quarter worth approximately $116,000. Cetera Advisor Networks LLC acquired a new stake in American States Water during the 3rd quarter worth approximately $201,000. Meeder Asset Management Inc. raised its holdings in American States Water by 328.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock worth $207,000 after buying an additional 3,226 shares during the period. Hoylecohen LLC acquired a new stake in American States Water during the 4th quarter worth approximately $220,000. Finally, Eldridge Investment Advisors Inc. acquired a new stake in American States Water during the 4th quarter worth approximately $235,000. Hedge funds and other institutional investors own 63.64% of the company’s stock.
WARNING: This article was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.thelincolnianonline.com/2018/03/14/703570.html.
About American States Water
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for American States Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American States Water and related companies with MarketBeat.com's FREE daily email newsletter.