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

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

American States Water Trading Down 1.9%

Shares of American States Water stock opened at $73.46 on Thursday. The stock has a market capitalization of $2.84 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 3.81 and a beta of 0.69. American States Water has a 52 week low of $69.45 and a 52 week high of $82.94. The stock has a 50 day moving average price of $73.28 and a two-hundred day moving average price of $73.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.18 and a current ratio of 1.27.

American States Water Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of American States Water

A number of hedge funds and other institutional investors have recently bought and sold shares of AWR. Morgan Stanley lifted its stake in shares of American States Water by 128.8% in the fourth quarter. Morgan Stanley now owns 1,347,240 shares of the utilities provider’s stock valued at $97,648,000 after buying an additional 758,452 shares in the last quarter. Franklin Resources Inc. lifted its position in American States Water by 512.8% in the 3rd quarter. Franklin Resources Inc. now owns 187,949 shares of the utilities provider’s stock valued at $13,780,000 after acquiring an additional 157,276 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in American States Water by 238.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 174,361 shares of the utilities provider’s stock valued at $12,784,000 after purchasing an additional 122,823 shares during the last quarter. AQR Capital Management LLC boosted its stake in American States Water by 37.7% during the 4th quarter. AQR Capital Management LLC now owns 409,638 shares of the utilities provider’s stock valued at $29,691,000 after purchasing an additional 112,131 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in American States Water by 2,606.4% during the 1st quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after purchasing an additional 86,402 shares in the last quarter. Institutional investors own 75.24% of the company’s stock.

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.