American States Water (NYSE:AWR) Stock Price Down 4.9% – What’s Next?

American States Water Company (NYSE:AWR) shares dropped 4.9% during mid-day trading on Monday . The stock traded as low as $76.58 and last traded at $75.5870. Approximately 67,029 shares changed hands during trading, a decline of 74% from the average daily volume of 254,446 shares. The stock had previously closed at $79.47.

Analyst Ratings Changes

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

American States Water Stock Performance

The company has a current ratio of 1.32, a quick ratio of 1.23 and a debt-to-equity ratio of 0.88. The firm has a fifty day moving average price of $74.54 and a 200 day moving average price of $73.91. The firm has a market cap of $2.97 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.72 and a beta of 0.66.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.68 by $0.06. American States Water had a return on equity of 13.10% and a net margin of 19.82%.The business had revenue of $164.28 million for the quarter, compared to analyst estimates of $168.82 million. As a group, equities research analysts expect that American States Water Company will post 3.34 earnings per share for the current fiscal year.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, February 23rd were issued a dividend of $0.504 per share. This represents a $2.02 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, February 23rd. American States Water’s payout ratio is currently 59.94%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas raised its holdings in shares of American States Water by 150.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 14,616 shares of the utilities provider’s stock worth $1,072,000 after acquiring an additional 8,776 shares during the period. Principal Financial Group Inc. raised its holdings in shares of American States Water by 55.9% during the 3rd quarter. Principal Financial Group Inc. now owns 720,766 shares of the utilities provider’s stock worth $52,847,000 after acquiring an additional 258,388 shares during the period. AlphaQuest LLC purchased a new stake in American States Water in the 3rd quarter valued at about $945,000. JPMorgan Chase & Co. raised its holdings in American States Water by 23.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 323,182 shares of the utilities provider’s stock valued at $23,696,000 after buying an additional 62,341 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in American States Water by 436.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 145,037 shares of the utilities provider’s stock valued at $10,634,000 after buying an additional 118,011 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

About American States Water

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.