American States Water (AWR) To Go Ex-Dividend on November 15th

American States Water (NYSE:AWR) announced a quarterly dividend on Wednesday, October 30th,RTT News reports. Investors of record on Friday, November 15th will be given a dividend of 0.4655 per share by the utilities provider on Monday, December 2nd. This represents a $1.86 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, November 15th.

American States Water has raised its dividend by an average of 8.9% per year over the last three years and has increased its dividend annually for the last 71 consecutive years. American States Water has a dividend payout ratio of 56.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect American States Water to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.86 annual dividend with an expected future payout ratio of 56.4%.

American States Water Stock Down 0.6 %

AWR stock opened at $85.88 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.86. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50. The company has a fifty day simple moving average of $83.58 and a 200 day simple moving average of $79.05. The firm has a market cap of $3.22 billion, a PE ratio of 28.92, a PEG ratio of 4.54 and a beta of 0.49.

American States Water (NYSE:AWR) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). American States Water had a return on equity of 13.53% and a net margin of 19.26%. The firm had revenue of $161.78 million for the quarter, compared to analyst estimates of $161.00 million. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts anticipate that American States Water will post 3.02 EPS for the current fiscal year.

Analyst Ratings Changes

AWR has been the subject of several recent research reports. StockNews.com raised shares of American States Water from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company raised shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $80.00 to $87.00 in a research report on Wednesday, July 31st.

Insider Activity at American States Water

In related news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the sale, the director now owns 38,519 shares of the company’s stock, valued at $3,115,801.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.82% of the stock is currently owned by company insiders.

About American States Water

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.