American States Water Updates $200 Million ATM Program, Adds Huntington as Sales Agent
American States Water (AWR) has amended its Equity Distribution Agreement for its $200 million at-the-market (ATM) program. The amendment, effective February 20, 2026, replaces Janney Montgomery Scott with Huntington Securities as a sales agent. This change ensures the continuity of the program and supports the company's ongoing capital needs, with approximately $40.7 million still available for common share sales.
How Investors May Respond To American States Water (AWR) Earnings, Dividend Hike, And Infrastructure Spending Plan
American States Water (AWR) recently reported Q4 2025 sales of US$164.28 million and full-year earnings per share of US$3.37. The company increased its quarterly dividend to US$0.5040 per share and announced plans for significant, regulator-supported infrastructure investments. While the company's steady earnings and dividend growth are positive, investors should consider potential earnings volatility due to California's new regulatory framework and weather-driven demand.
American States Water: Q4 Earnings Snapshot
American States Water Co. reported fourth-quarter earnings of $28.7 million, or 74 cents per share, with revenue reaching $164.3 million. For the full year, the company's profit was $130.4 million, or $3.37 per share, on revenue of $658.1 million. Shares of American States Water have seen a slight increase year-to-date, though they experienced a 2% drop over the last 12 months.
American States Water set to report earnings amid rate boost
American States Water is expected to report its fourth-quarter earnings with analysts forecasting 72 cents per share and $151.91 million in revenue, a seasonal decline. The company recently secured a $32 million rate increase for its Golden State Water subsidiary, and investors will be looking for updated 2026 guidance and commentary on customer growth and capital spending. Despite a premium valuation and modest EPS growth projection, the utility's long history of dividend increases remains a key focus for shareholders.
Public Sector Pension Investment Board Has $11.01 Million Position in American States Water Company $AWR
Public Sector Pension Investment Board increased its stake in American States Water Company (NYSE:AWR) by 14.4%, now holding 150,206 shares valued at $11.01 million. Other institutional investors like Norges Bank and Principal Financial Group also made significant moves, raising overall institutional ownership to 75.24%. American States Water recently declared a quarterly dividend of $0.504 per share, and the stock currently has a consensus "Hold" rating with an average target price of $84.00.
American States Water Set to Report Annual Earnings
American States Water (US0298991011) is preparing to release its full 2025 fiscal year financial results, including its fourth-quarter and annual performance, after market close on Wednesday, February 18, 2026. Investors will be focused on the company's regulated water and electric utility services and its contracted services for military bases, particularly its ability to maintain its long-standing dividend growth record. A conference call to discuss results is scheduled for February 19, 2026.
A Look At American States Water (AWR) Valuation As Dividend Streak And Growth Commitment Continue
American States Water (AWR) recently declared a quarterly dividend of $0.5040 per share, continuing its long history of dividend increases, despite recent declines in its 1-year and 3-year total shareholder returns. While a narrative valuation suggests the stock is 1% overvalued at $72.89 against a fair value of $72.00, driven by infrastructure investments and rate base growth, a discounted cash flow (DCF) model indicates a significant 64.8% discount, with a fair value of $207.17. The article highlights these conflicting valuations—one suggesting overvaluation based on peer P/E ratios and another indicating deep undervaluation based on future cash flows—urging investors to consider both perspectives and potential risks.
American States Water Company (NYSE:AWR) Announces $0.50 Quarterly Dividend
American States Water Company (NYSE:AWR) has declared a quarterly dividend of $0.504 per share, payable on March 5 to shareholders of record on February 23. This announcement marks the 71st consecutive year the company has increased its dividend, reflecting its strong financial health and commitment to shareholder returns. With a payout ratio of 57.8% and analysts forecasting $3.53 in earnings per share next year, the dividend is well-covered by earnings.
American States Water Company Announces Regular Common Dividends
American States Water Company (NYSE:AWR) announced that its Board of Directors approved a quarterly dividend of $0.5040 per share, marking the 359th consecutive dividend payment. The company has consistently paid dividends since 1931 and has increased them for 71 consecutive years. AWR aims for a long-term compound annual growth rate in dividends of over 7%.
71 straight years of dividend hikes: American States Water extends streak
American States Water Company announced a quarterly dividend of $0.504 per share, marking its 359th consecutive dividend payment and extending its streak of annual dividend increases to 71 years. The company has demonstrated consistent dividend growth, with a 5-year CAGR of 8.5% and a 10-year CAGR of 8.3%, and aims for over 7% long-term dividend growth. The dividend is payable on March 5, 2026, to shareholders of record as of February 23, 2026.
American States Water (AWR) to Release Earnings on Wednesday
American States Water (AWR) is scheduled to release its Q4 2025 earnings after market close on Wednesday, February 18th. Analysts anticipate earnings of $0.68 per share and revenue around $168.817 million. The stock currently has a "Hold" rating from Wall Street analysts, with an average target price of $84.00.
The Past Three Years for American States Water (NYSE:AWR) Investors Has Not Been Profitable
American States Water Company (NYSE:AWR) investors have experienced a 26% share price decline over the last three years, significantly underperforming the market, despite the company growing its EPS by 16% annually and revenue by 6.8% over the same period. While the share price has dropped, the total shareholder return (TSR) including dividends was -21%, indicating that dividends partially offset the share price loss. The article suggests further research into the company's fundamentals as the disconnect between its financial performance and share price might present an opportunity.
American States Water sets Q4 earnings call with CEO Feb. 19
American States Water Company (NYSE: AWR) will release its fourth-quarter and full-year 2025 financial results after the market closes on Wednesday, February 18, 2026. President and CEO Robert Sprowls and CFO Eva Tang will host a conference call to discuss these results on Thursday, February 19, at 2:00 p.m. ET. The company has a strong record of paying and increasing dividends, having done so every year since 1931 and for 71 consecutive years.
American States Water Company to Report Fourth Quarter and Full Year 2025 Results
American States Water Company (NYSE:AWR) announced its plan to release fourth quarter and full-year 2025 financial results after the market closes on Wednesday, February 18, 2026. A conference call will be held on Thursday, February 19, at 2:00 p.m. Eastern Time, hosted by Robert Sprowls and Eva Tang, to discuss these results and conduct a Q&A session. Interested parties can access the live call and accompanying slides via www.aswater.com, where the call will also be archived for replay.
Thrivent Financial for Lutherans Cuts Stock Position in American States Water Company $AWR
Thrivent Financial for Lutherans significantly reduced its stake in American States Water Company (NYSE:AWR) by 34.4% in the third quarter, selling over 23,000 shares. This move lowered its holding to 44,072 shares, valued at approximately $3.23 million, representing 0.11% of the company. Institutional investors collectively own about 75.24% of AWR, while insiders hold 0.83%, with one director recently selling 528 shares. Analysts currently rate the stock as "Hold" with an average price target of $84.00, contrasting with its recent trading price of $70.56.
Institutional Investors Increase Stakes in American States Water
Major asset managers are increasing their holdings in American States Water, a regulated utility, despite a challenging sector environment marked by rising operational costs and regulatory scrutiny. The company's recent financial results, including an EPS of $1.06 and a 12.9% year-over-year revenue increase, are fueling this institutional optimism. With total institutional ownership at 75.24% and an analyst price target suggesting upside potential, the stock's performance will hinge on its ability to secure regulatory approval for new tariff structures.
American States Water (AWR) Price Target Decreased by 11.11% to 73.44
The average one-year price target for American States Water (AWR) has been decreased by 11.11% to $73.44 per share, down from $82.62. This new target is 2.56% higher than the latest closing price of $71.61. Institutional ownership data shows 608 funds reporting positions, with a slight decrease in total shares owned and a bullish put/call ratio of 0.50.
Shareholders in American States Water (NYSE:AWR) are in the red if they invested three years ago
American States Water (NYSE:AWR) shareholders have seen a 26% share price drop over the past three years, underperforming the market's 74% return, despite the company's annual EPS growth of 16% and revenue growth of 6.8% during the same period. This discrepancy suggests that the market's perception has likely shifted, or the company was previously over-hyped. Factoring in dividends, the Total Shareholder Return (TSR) for American States Water over three years was -21%, indicating that dividend payments mitigated some of the share price decline.
Does American States Water (AWR) Offer Value After Flat Returns And Mixed Valuation Signals
American States Water (AWR) has shown flat returns recently but its long-term performance is mixed. A Discounted Cash Flow (DCF) analysis suggests the stock is significantly undervalued by 63.4%, with an intrinsic value of $199.94 per share compared to its current share price of $73.21. However, its P/E ratio of 21.86x is higher than the industry average, indicating it might be overvalued based on current earnings.
Slowing Rates Of Return At American States Water (NYSE:AWR) Leave Little Room For Excitement
American States Water (NYSE:AWR) shows low and stable returns on capital employed (ROCE) of 8.1%, despite significantly increasing capital investment by 52% over the last five years. While its ROCE is better than the industry average, the lack of growth in returns on new capital suggests limited profitable reinvestment opportunities. This trend is reflected in the stock's modest 5.4% return to shareholders over the same period, indicating it may not be a multi-bagger investment.
A Look At American States Water (AWR) Valuation After 2026 Rate Increase Approval
American States Water (AWR) is under review following the approval of a $32 million rate increase for its Golden State Water subsidiary, effective January 1, 2026. While one analyst narrative suggests the stock is undervalued at $75.97 with a fair value of $81.50, driven by new customer growth, another view highlights that AWR's current P/E ratio of 22.7x is higher than industry averages, indicating potential overvaluation risks. Investors are encouraged to consider both perspectives and market risks when assessing AWR's future.
Regulatory Approval Provides Revenue Clarity for American States Water
The California Public Utilities Commission (CPUC) has approved full second-year rate increases for Golden State Water Company (GSWC), a subsidiary of American States Water, effective January 1, 2026. This decision is expected to boost the company's 2026 adopted water revenues by approximately $32.0 million compared to 2025 levels, enhancing near-term revenue predictability. Despite this positive regulatory news, the consensus among analysts remains a "Sell" with an average price target of $77.50, and the upcoming Q4 2025 earnings report will provide further insight.
SG Americas Securities LLC Has $1.80 Million Position in American States Water Company $AWR
SG Americas Securities LLC significantly increased its stake in American States Water Company (NYSE:AWR) in Q3, now holding 24,504 shares valued at $1.80 million. This comes after the utilities provider reported strong Q3 results, beating EPS and revenue expectations. Despite a consensus "Reduce" rating from analysts, institutional investors own a substantial portion of the company's stock.
Did A US$32 Million 2026 Rate Hike Approval Just Shift American States Water's (AWR) Investment Narrative?
American States Water Company's subsidiary, Golden State Water Company, received California Public Utilities Commission approval for a US$32.0 million rate increase in 2026. This approval supports the company's near-term earnings outlook but introduces higher earnings volatility due to the loss of full revenue decoupling. The company projects modest revenue and earnings growth by 2028, with a fair value indicating a 10% upside.
Did A US$32 Million 2026 Rate Hike Approval Just Shift American States Water's (AWR) Investment Narrative?
American States Water's subsidiary, Golden State Water Company, received approval for a US$32 million rate increase effective January 1, 2026. This approval, based on meeting earnings tests, reinforces the significance of regulatory outcomes for the company's revenue. While it supports the near-term outlook, investors should be aware of increased earnings volatility due to the loss of full revenue decoupling.
Golden State Water Company Receives CPUC Approval for 2026 Water Revenue Increases
Golden State Water Company (GSWC), a subsidiary of American States Water Company (NYSE:AWR), announced CPUC approval for its 2026 water rate increases. These increases are expected to boost adopted water revenue (less water supply cost) by approximately $32.0 million compared to 2025 levels, effective January 1, 2026. The approval includes nearly $11.0 million related to capital projects, which were allowed to accrue interest and full rate of return in a memorandum account before being added to the rate base for 2026.
California regulators clear higher 2026 water revenue for Golden State
American States Water Company's subsidiary, Golden State Water Company (GSWC), received approval from the California Public Utilities Commission (CPUC) for second-year rate increases. This approval will result in approximately $32.0 million higher adopted water revenue for 2026 compared to 2025's levels, effective January 1, 2026. The increase includes about $11.0 million related to capital projects integrated into the rate base.
Golden State Water Company Receives CPUC Approval for 2026 Water Revenue Increases
Golden State Water Company (GSWC), a subsidiary of American States Water Company (NYSE: AWR), has received approval from the California Public Utilities Commission (CPUC) for its 2026 water revenue increases. This approval will result in approximately $32.0 million higher adopted water revenue for 2026 compared to 2025's levels, effective January 1, 2026. The increase includes nearly $11.0 million related to capital projects that were previously agreed to be treated as advice letter projects.
Precision Trading with American States Water Company (AWR) Risk Zones
This article provides a precision trading analysis for American States Water Company (AWR), highlighting a neutral sentiment across all time horizons. It outlines three trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—with specific entry, target, and stop-loss levels. The analysis also details support and resistance signals across near-term, mid-term, and long-term timeframes.
A Look At American States Water (AWR) Valuation As Returns And Earnings Assumptions Appear Mixed
American States Water (AWR) is currently trading at US$72.90, presenting a mixed valuation picture. While one narrative suggests it is 10.6% undervalued with a fair value of US$81.50 due to regulated earnings growth and infrastructure investments, another view highlights potential valuation risk as its P/E ratio of 21.8x is higher than the industry average. Investors are re-evaluating the company's earnings profile and regulated utility footprint in California against its recent share performance.
American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price
American States Water Company (NYSE: AWR) has a P/E ratio of 21.4x, which is higher than the market average of 19x, leading to concerns about its valuation. Despite recent earnings growth of 14% over the last year and 55% over three years, analysts anticipate only 5.4% annual EPS growth for the coming three years, significantly lower than the market's projected 11%. This discrepancy between the high P/E and a less attractive earnings outlook suggests the stock might be overvalued, posing a risk to the share price if business prospects don't improve.
American States Water Company's (NYSE:AWR) Business Is Yet to Catch Up With Its Share Price
American States Water Company (NYSE:AWR) currently has a P/E ratio of 21.4x, which is higher than the market average, despite its business performance not fully justifying this valuation. While the company's past earnings growth has been strong, analysts predict future EPS growth of only 5.4% per year, significantly lower than the broader market's anticipated 11% annual expansion. This suggests that the stock's high P/E ratio may not be sustainable given its weaker earnings outlook.
Navigating Regulatory Crosscurrents: American States Water’s Dual Challenge
American States Water is facing a dual challenge from new federal water standards and ongoing regulatory changes in California, impacting operational costs and long-term planning. Despite these headwinds, the company maintains a strong financial foundation as a "Dividend King" with 71 consecutive years of dividend increases, supported by a postponed cost of capital review by the CPUC. Investors are closely watching how the company’s stable return on equity will absorb compliance costs arising from stricter EPA regulations on perchlorate.
Cwm LLC Purchases 20,022 Shares of American States Water Company $AWR
Cwm LLC significantly increased its stake in American States Water Company (NYSE:AWR) by 513.6% in the third quarter, acquiring 20,022 additional shares to hold a total of 23,920 shares valued at approximately $1.75 million. Other institutional investors like Norges Bank and Allianz Asset Management GmbH also have substantial holdings. American States Water reported strong Q3 earnings, beating estimates with a 12.9% year-over-year revenue increase and offering a quarterly dividend, though analysts currently maintain a "Reduce" rating with an average price target of $77.50.
The Truth About American States Water: Boring Name, Sneaky-Strong Stock You’re Sleeping On
American States Water (AWR) is presented as a stable, low-drama utility stock that consistently pays dividends and offers long-term financial security, despite its unflashy nature. The article highlights AWR's essential services, strong dividend history, and lower volatility compared to high-growth stocks, positioning it as a foundational asset for a resilient portfolio rather than a quick-gain investment.
Here's Why AWR Stock Deserves a Place in Your Portfolio Right Now
American States Water (AWR) is highlighted as a strong investment due to its growing customer base, diversified business model, and consistent financial performance. The article points to AWR's positive earnings outlook, consistent dividend payments, significant investment plans for infrastructure, and a favorable debt structure, all contributing to its Zacks Rank #2 (Buy) rating. Additionally, the declining interest rates are expected to further boost the company's margins.
American States Water Company $AWR Shares Sold by Squarepoint Ops LLC
Squarepoint Ops LLC significantly reduced its stake in American States Water Company (NYSE:AWR) by 63.4% in the second quarter, selling over 23,000 shares. This comes as American States Water exceeded quarterly earnings expectations with $1.06 EPS and $182.72 million in revenue, representing a 12.9% year-over-year increase. Despite the strong performance and a quarterly dividend of $0.504, analysts maintain a "Reduce" rating for the stock with an average target price of $77.50.
Shareholders in American States Water (NYSE:AWR) are in the red if they invested three years ago
Shareholders of American States Water Company (NYSE:AWR) who invested three years ago are currently seeing a 20% loss, underperforming the broader market significantly. Despite this, the company has shown positive EPS growth of 16% annually and revenue growth of 6.8% over the same period. When considering total shareholder return (TSR), which includes dividends, the loss is reduced to 14%, indicating that dividends have cushioned some of the share price decline.
Shareholders in American States Water (NYSE:AWR) are in the red if they invested three years ago
American States Water Company (NYSE:AWR) shareholders have experienced a 20% share price drop over the past three years, underperforming the market. Despite this, the company grew its EPS by 16% annually and revenue by 6.8% annually during the same period. While dividends helped mitigate losses, even with them, shareholders are still down 14% over three years and 9.2% for the current year.
Amundi Sells 42,427 Shares of American States Water Company $AWR
Amundi reduced its stake in American States Water Company by 17.3% in the second quarter, selling 42,427 shares and now owning 202,800 shares worth $15.7 million. Other institutional investors like Geode Capital Management LLC and Invesco Ltd. also adjusted their holdings. American States Water reported strong Q3 earnings, beating analyst estimates, and announced a quarterly dividend of $0.504 per share.
Norges Bank Makes New $37.85 Million Investment in American States Water Company $AWR
Norges Bank has made a significant new investment in American States Water Company (NYSE:AWR), purchasing 493,688 shares valued at approximately $37.85 million. This investment represents about 1.28% ownership of the utility provider. American States Water recently reported strong earnings, beating EPS estimates, and pays an annual dividend of $2.02, reflecting a 2.8% yield.
Quantbot Technologies LP Has $1.80 Million Stake in American States Water Company $AWR
Quantbot Technologies LP significantly increased its stake in American States Water Company (NYSE:AWR) by 2,988.8% in Q2, bringing its holding to 23,475 shares valued at $1.80 million. The utilities provider recently reported strong Q2 earnings with EPS of $1.06 and a 12.9% year-over-year revenue increase, exceeding analyst estimates. Despite positive financial results and a declared quarterly dividend of $0.504, the stock currently holds a "Reduce" consensus rating from Wall Street with a target price of $77.50.
What American States Water (AWR)'s Approved Deferral of Cost of Capital Means for Shareholders
American States Water (AWR) received approval from the California Public Utilities Commission for its subsidiary, Golden State Water Company, to defer its cost of capital application by one year, maintaining a 7.93% authorized rate of return through 2027. This decision provides regulatory stability and predictable returns, which is crucial given investor concerns about rate volatility. While the extension reinforces the company's long-term investment narrative through steady rate base growth and a consistent dividend, challenges such as rising water supply costs and wildfire expenses could still impact margins.
American States Water Company to Report Third Quarter 2025 Results
American States Water Company (AWR) announced its intention to release third-quarter 2025 financial results after market close on Wednesday, November 5, 2025. A conference call hosted by Robert Sprowls and Eva Tang will discuss these results on Thursday, November 6, at 2:00 p.m. Eastern Time. The company also highlighted its long history of dividend payments and consistent dividend growth.
Assessing American States Water (AWR) Valuation After Recent Share Price Declines
American States Water (AWR) has seen its shares decline by 7% over the past month and 13% over the past year, prompting investors to reassess its valuation. While a "most popular narrative" suggests the stock is 12.3% undervalued with a fair value of $81.5 due to factors like water scarcity and infrastructure needs, another perspective based on price-to-earnings ratios indicates AWR is trading at a premium (21.4x) compared to industry averages. The article encourages investors to consider both views and conduct their own research on AWR's risks and rewards.
American States Water Defers Cost of Capital Filing
American States Water (AWR) has deferred its cost of capital application for its subsidiary, Golden State Water Company, by one year, moving the filing date to May 1, 2027, with an effective date of January 1, 2028. This decision allows the current Water Cost of Capital Mechanism and a 7.93% authorized rate of return to remain in effect through December 31, 2027, impacting the company’s financial planning and stability. Analysts currently rate AWR as a Buy with an $84.00 price target.
California Commission Defers Capital Application for AWR
The California Public Utilities Commission has approved a request to defer the cost of capital application for American States Water's subsidiary, Golden State Water Company, by one year, pushing the filing date to May 1, 2027. This decision allows the company to maintain financial stability with the current authorized rate of return on rate base, including a 10.06% return on equity, continuing through December 31, 2027. Spark, TipRanks’ AI Analyst, rates AWR as Outperform, driven by strong earnings growth and profitability, while noting risks in cash flow management, high valuation, and potential revenue volatility.
American States Water Company Announces CPUC’s Approval to Defer the Cost of Capital Application at Golden State Water Company
American States Water Company announced that the California Public Utilities Commission (CPUC) approved a request to defer the cost of capital application for its subsidiary, Golden State Water Company (GSWC), by one year. This decision postpones GSWC's filing date to May 1, 2027, and maintains its current authorized rate of return on rate base at 7.93% through December 31, 2027. The approval also keeps the Water Cost of Capital Mechanism in place during the deferral period.
Earnings call transcript: American States Water beats Q3 2025 forecasts
American States Water Company (AWR) reported strong Q3 2025 earnings, surpassing analyst expectations with an EPS of $1.06 and revenue of $182.72 million. The company showcased significant growth in its water and electric segments and its contracted services business, ASUS, while reaffirming its commitment to long-term infrastructure investments and consistent dividend increases. AWR's stock price rose by 1.32% following the positive announcement, reflecting robust financial health and sustained investor confidence.
American States Water Company Announces Second Quarter 2025 Results
American States Water Company reported second-quarter 2025 diluted earnings of $0.87 per share, up from $0.85 in 2024, driven by increases in its water and electric regulated utilities due to new rates. The contracted services business saw a decrease in earnings but is still projected to contribute $0.59 to $0.63 per share for the full year. The company also announced an 8.3% increase in its quarterly dividend, marking its 71st consecutive year of annual dividend increases.
