STOCK TITAN

American States Water Company - $AWR STOCK NEWS

Welcome to our dedicated page for American States Water Company news (Ticker: $AWR), a resource for investors and traders seeking the latest updates and insights on American States Water Company stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American States Water Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American States Water Company's position in the market.

Rhea-AI Summary
American States Water Company's subsidiary, American States Utility Services, has been awarded a 50-year contract by the U.S. government to operate and maintain water distribution and wastewater collection facilities at Naval Air Station Patuxent River. The initial contract value is estimated at $349 million over the 50-year period. ASUS will also have the opportunity to generate additional revenues through contract modifications. NAS Pax River is headquarters to several naval commands and ASUS will now provide utility services at twelve military bases across eight states.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
-
Rhea-AI Summary
American States Water Company (NYSE:AWR) increases its third quarter cash dividend from $0.3975 to $0.4300 per share, reflecting an annualized dividend rate of $1.72 per share, an 8.2% increase. The company has achieved a 8.1% compound annual growth rate in dividend payments from 2013-2023, reflecting its long-term commitment to sustainable earnings growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
conferences earnings
-
Rhea-AI Summary
American States Water Company (NYSE:AWR) announced that the California Public Utilities Commission (CPUC) has adopted final decisions in connection with the general rate case and cost of capital proceedings at AWR's regulated water utility subsidiary, Golden State Water Company (GSWC). The final decision in GSWC's general rate case proceeding will set new water rates for the years 2022-2024. The final decision adopts an 8.85% return on equity, a 5.10% cost of debt, and a capital structure of 57% equity and 43% debt for GSWC, resulting in a 7.24% authorized return on rate base for the calendar year 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.39%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
none
Rhea-AI Summary
American States Water Company (NYSE:AWR) received a proposed decision from the California Public Utilities Commission (CPUC) approving a settlement agreement in its water utility general rate case. The settlement agreement authorizes $405 million in capital investment and resulted in a $0.55 per share increase in recorded first-quarter consolidated diluted EPS compared to the same period in 2022. The company's first-quarter results also reflect a favorable variance of $0.06 per share from gains on investments held to fund a retirement plan.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.9%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
Tags
none
American States Water Company

NYSE:AWR

AWR Rankings

AWR Stock Data

2.75B
36.60M
0.82%
79.27%
1.17%
Water Supply and Irrigation Systems
Utilities
Link
United States of America
SAN DIMAS

About AWR

about the company: american states water company (awr) is the parent company of both golden state water company (gswc) and american states utility services, inc. (asus). through golden state water company, awr provides water service to approximately 258,000 customers located within 75 communities throughout 10 counties in northern, coastal and southern california. the company also distributes electricity to approximately 24,000 customers in the city of big bear and surrounding areas in san bernardino county, california through the services of bear valley electric services (bves). through its contracted services subsidiary, american states utility services, inc. (asus), the company provides operations, maintenance and construction management services for water and wastewater systems located on military bases throughout the country through 50-year privatization contracts with the u.s. government. american states water company has paid dividends to shareholders every year since 1931, incr