American States Water (NYSE:AWR) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

by · The Cerbat Gem

Shares of American States Water Company (NYSE:AWRGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.17 and traded as high as $81.24. American States Water shares last traded at $80.8850, with a volume of 318,318 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of American States Water in a report on Monday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, American States Water currently has an average rating of “Hold” and an average price target of $84.00.

Get Our Latest Stock Report on AWR

American States Water Stock Performance

The firm has a fifty day moving average price of $75.49 and a 200 day moving average price of $74.23. 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 market cap of $3.11 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.98 and a beta of 0.66.

American States Water (NYSE:AWRGet Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.06. American States Water had a net margin of 19.82% and a return on equity of 13.10%. The firm had revenue of $164.28 million during the quarter, compared to analyst estimates of $168.82 million. As a group, equities research analysts expect that American States Water Company will post 3.59 earnings per share for the current fiscal year.

American States Water Announces Dividend

The company 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. The ex-dividend date was Monday, February 23rd. This represents a $2.02 dividend on an annualized basis and a dividend yield of 2.5%. American States Water’s dividend payout ratio (DPR) is currently 59.64%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. raised its position in American States Water by 23.7% in the first quarter. Baird Financial Group Inc. now owns 3,260 shares of the utilities provider’s stock valued at $256,000 after purchasing an additional 625 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of American States Water by 6.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,700 shares of the utilities provider’s stock worth $1,943,000 after purchasing an additional 1,388 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in American States Water by 768.9% in the 1st quarter. Jones Financial Companies Lllp now owns 4,701 shares of the utilities provider’s stock valued at $370,000 after buying an additional 4,160 shares during the period. Goldman Sachs Group Inc. lifted its position in American States Water by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 284,620 shares of the utilities provider’s stock valued at $22,394,000 after buying an additional 25,333 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in American States Water by 2,606.4% during the first quarter. Jane Street Group LLC now owns 89,717 shares of the utilities provider’s stock worth $7,059,000 after buying an additional 86,402 shares during the period. 75.24% of the stock is currently owned by hedge funds and other institutional investors.

About American States Water

(Get Free Report)

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.

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