American States Water Company (AWR) To Go Ex-Dividend on November 14th
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 1.93%. The ex-dividend date of this dividend is Tuesday, November 14th.
American States Water has raised its dividend payment by an average of 6.3% per year over the last three years and has raised its dividend every year for the last 62 years. American States Water has a dividend payout ratio of 59.3% indicating that its dividend is sufficiently covered by earnings. 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 $52.94 on Monday. The stock has a market capitalization of $1,941.80, a P/E ratio of 28.93, a PEG ratio of 6.17 and a beta of 0.46. American States Water has a one year low of $39.50 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 issued its earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $0.59 earnings per share. research analysts anticipate that American States Water will post 1.72 earnings per share for the current year.
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In related news, Director James L. Anderson sold 1,750 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $49.10, for a total value of $85,925.00. Following the completion of the transaction, the director now directly owns 37,046 shares of the company’s stock, valued at approximately $1,818,958.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Bryan K. Switzer sold 2,923 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $49.81, for a total value of $145,594.63. Following the completion of the transaction, the vice president now directly owns 17,528 shares of the company’s stock, valued at $873,069.68. The disclosure for this sale can be found here. Insiders sold a total of 15,473 shares of company stock valued at $703,859 over the last ninety days. 1.49% of the stock is currently owned by company insiders.
Several research firms recently weighed in on AWR. US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research note on Monday, July 17th. Wells Fargo & Company raised their price objective on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Tuesday, October 3rd. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research raised 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 note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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).
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