American States Water (NYSE:AWR) Announces 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 (EPS) 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 company had revenue of $164.28 million for the quarter, compared to the consensus estimate of $168.82 million.

American States Water Stock Performance

AWR traded down $1.42 during trading on Wednesday, reaching $73.46. 250,986 shares of the company were exchanged, compared to its average volume of 247,587. American States Water has a 52 week low of $69.45 and a 52 week high of $82.94. The company has a current ratio of 1.27, a quick ratio of 1.18 and a debt-to-equity ratio of 0.90. The stock has a market cap of $2.84 billion, a P/E ratio of 21.73, a PEG ratio of 3.81 and a beta of 0.69. The firm has a 50 day moving average of $73.26 and a 200 day moving average of $73.60.

American States Water Dividend Announcement

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

Hedge Funds Weigh In On American States Water

Several large investors have recently bought and sold shares of AWR. Smartleaf Asset Management LLC lifted its stake in shares of American States Water by 6.2% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock worth $196,000 after acquiring an additional 150 shares during the period. Parallel Advisors LLC lifted its position in American States Water by 5.6% in the fourth quarter. Parallel Advisors LLC now owns 3,033 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 161 shares during the period. Jacobi Capital Management LLC boosted its stake in American States Water by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 11,194 shares of the utilities provider’s stock valued at $811,000 after purchasing an additional 211 shares in the last quarter. California State Teachers Retirement System increased its position in shares of American States Water by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 37,956 shares of the utilities provider’s stock valued at $2,910,000 after purchasing an additional 237 shares during the period. Finally, Inspire Investing LLC increased its position in shares of American States Water by 4.4% during the 4th quarter. Inspire Investing LLC now owns 6,564 shares of the utilities provider’s stock valued at $476,000 after purchasing an additional 276 shares during the period. Institutional investors and hedge funds own 75.24% of the company’s stock.

Analysts Set New Price Targets

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