American States Water to Post FY2023 Earnings of $3.22 Per Share, Seaport Res Ptn Forecasts (NYSE:AWR)

American States Water (NYSE:AWR – Get Rating) – Research analysts at Seaport Res Ptn raised their FY2023 earnings per share estimates for American States Water in a report released on Thursday, March 9th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $3.22 per share for the year, up from their prior forecast of $2.71. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for American States Water’s current full-year earnings is $2.97 per share. Seaport Res Ptn also issued estimates for American States Water’s FY2024 earnings at $2.98 EPS.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company boosted their target price on American States Water from $90.00 to $96.00 in a research note on Wednesday, December 14th. UBS Group assumed coverage on American States Water in a research report on Wednesday, November 30th. They set a “sell” rating and a $92.00 price objective for the company. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, American States Water presently has an average rating of “Reduce” and an average target price of $89.33.

American States Water Trading Down 1.2 %

Shares of NYSE AWR opened at $84.74 on Monday. American States Water has a twelve month low of $71.22 and a twelve month high of $100.50. The company has a current ratio of 0.38, a quick ratio of 0.34 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $92.97 and a 200-day simple moving average of $90.48. The stock has a market capitalization of $3.13 billion, a PE ratio of 40.16 and a beta of 0.42.

Institutional Investors Weigh In On American States Water

A number of institutional investors and hedge funds have recently modified their holdings of AWR. Flagstone Financial Management acquired a new stake in American States Water during the 4th quarter valued at $232,000. Victory Capital Management Inc. grew its holdings in American States Water by 972.2% during the 4th quarter. Victory Capital Management Inc. now owns 107,664 shares of the utilities provider’s stock valued at $9,964,000 after buying an additional 97,623 shares during the last quarter. Macquarie Group Ltd. grew its holdings in American States Water by 2.6% during the 4th quarter. Macquarie Group Ltd. now owns 19,811 shares of the utilities provider’s stock valued at $1,834,000 after buying an additional 508 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in American States Water during the 4th quarter valued at $247,000. Finally, Alliancebernstein L.P. grew its holdings in American States Water by 6.1% during the 4th quarter. Alliancebernstein L.P. now owns 60,195 shares of the utilities provider’s stock valued at $5,571,000 after buying an additional 3,475 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Tuesday, February 21st were issued a $0.3975 dividend. This represents a $1.59 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, February 17th. American States Water’s dividend payout ratio is currently 75.36%.

American States Water Company Profile

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