American States Water (NYSE:AWR) Price Target Increased to $80.00 by Analysts at Wells Fargo & Company

American States Water (NYSE:AWRFree Report) had its price objective raised by Wells Fargo & Company from $77.00 to $80.00 in a research note released on Thursday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the utilities provider’s stock.

American States Water Price Performance

NYSE AWR traded up $0.03 on Thursday, hitting $77.98. The stock had a trading volume of 365,157 shares, compared to its average volume of 265,658. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 25.47, a price-to-earnings-growth ratio of 4.11 and a beta of 0.43. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.13 and a current ratio of 1.15. American States Water has a 52-week low of $66.03 and a 52-week high of $92.85. The firm has a 50-day moving average of $71.21 and a 200-day moving average of $75.90.

American States Water (NYSE:AWRGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $135.30 million for the quarter, compared to analysts’ expectations of $119.00 million. American States Water had a net margin of 19.95% and a return on equity of 13.65%. The firm’s revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. Equities analysts expect that American States Water will post 3.01 EPS for the current year.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, May 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.21%. American States Water’s payout ratio is 56.21%.

Insider Buying and Selling at American States Water

In other news, Director Thomas A. Eichelberger acquired 1,400 shares of American States Water stock in a transaction on Wednesday, February 28th. The shares were purchased at an average price of $71.21 per share, with a total value of $99,694.00. Following the acquisition, the director now owns 5,850 shares in the company, valued at $416,578.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.82% of the company’s stock.

Hedge Funds Weigh In On American States Water

Several institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC raised its holdings in shares of American States Water by 6.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 44,495 shares of the utilities provider’s stock worth $3,501,000 after acquiring an additional 2,732 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in American States Water by 6.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,184 shares of the utilities provider’s stock worth $801,000 after acquiring an additional 652 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of American States Water by 143.9% during the third quarter. Mackenzie Financial Corp now owns 5,917 shares of the utilities provider’s stock worth $452,000 after purchasing an additional 3,491 shares in the last quarter. IFM Investors Pty Ltd grew its stake in American States Water by 8.6% during the 3rd quarter. IFM Investors Pty Ltd now owns 4,937 shares of the utilities provider’s stock worth $388,000 after buying an additional 389 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American States Water by 4.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,367 shares of the utilities provider’s stock worth $1,524,000 after buying an additional 792 shares during the last quarter. 75.24% of the stock is owned by institutional investors.

American States Water Company Profile

(Get Free Report)

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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