What is Seaport Res Ptn's Forecast for AWR FY2025 Earnings?

Key Points

• Seaport Res Ptn raised its FY2025 earnings per share estimate for American States Water (NYSE:AWR) from **$3.23** to **$3.26**, while the consensus estimate remains at **$3.34**.
• Wells Fargo upgraded American States Water from an **"underweight"** to an **"equal weight"** rating, increasing its price target from **$76.00** to **$84.00**.
• The company recently declared a quarterly dividend of **$0.4655**, resulting in an annualized dividend of **$1.86** and a yield of **2.53%**.

American States Water Company (NYSE:AWR - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for American States Water in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $3.26 per share for the year, up from their previous forecast of $3.23. The consensus estimate for American States Water's current full-year earnings is $3.34 per share.

American States Water (NYSE:AWR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. American States Water had a net margin of 20.22% and a return on equity of 13.45%. The business had revenue of $148.01 million during the quarter, compared to analysts' expectations of $142.00 million. During the same quarter in the prior year, the company earned $0.62 EPS. The firm's quarterly revenue was up 9.4% on a year-over-year basis.

Separately, Wells Fargo & Company upgraded American States Water from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $76.00 to $84.00 in a report on Thursday, May 8th.

American States Water Stock Up 1.1%

AWR stock traded up $0.79 during trading hours on Thursday, reaching $75.53. 68,760 shares of the stock were exchanged, compared to its average volume of 224,941. The firm's 50-day moving average is $76.72 and its 200-day moving average is $76.89. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 4.02 and a beta of 0.62. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.76. American States Water has a 12 month low of $70.29 and a 12 month high of $87.50.

Institutional Trading of American States Water

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in American States Water during the fourth quarter valued at $26,000. Federated Hermes Inc. boosted its position in American States Water by 92.5% during the fourth quarter. Federated Hermes Inc. now owns 439 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 211 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of American States Water by 607.8% during the fourth quarter. Sterling Capital Management LLC now owns 545 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 468 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of American States Water by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 380 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of American States Water during the fourth quarter valued at about $65,000. Institutional investors own 75.24% of the company's stock.

Insider Transactions at American States Water

In other American States Water news, Director Thomas A. Eichelberger purchased 897 shares of the company's stock in a transaction dated Friday, June 6th. The stock was bought at an average cost of $76.81 per share, for a total transaction of $68,898.57. Following the completion of the transaction, the director owned 8,467 shares in the company, valued at approximately $650,350.27. This represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.83% of the company's stock.

American States Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Friday, August 15th will be paid a $0.504 dividend. This is an increase from American States Water's previous quarterly dividend of $0.47. The ex-dividend date is Friday, August 15th. This represents a $2.02 annualized dividend and a yield of 2.7%. American States Water's dividend payout ratio (DPR) is 57.23%.

American States Water Company Profile

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.