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American States Water (AWR)

American States Water Company is the parent of Golden State Water Company, Bear Valley Electric Service, Inc. and American States Utility Services, Inc., serving over one million people in nine states. Through its water utility subsidiary, Golden State Water Company, the company provides water service to approximately 261,500 customer connections located within more than 80 communities in Northern, Coastal and Southern California. Through its electric utility subsidiary, Bear Valley Electric Service, Inc., the company distributes electricity to approximately 24,500 customer connections in the City of Big Bear Lake and surrounding areas in San Bernardino County, California. Through its contracted services subsidiary, American States Utility Services, Inc., the company provides operations, maintenance and construction management services for water distribution and wastewater collection and treatment facilities located on eleven military bases throughout the country under 50-year privatization contracts with the U.S. government. American States Water Company has paid dividends to shareholders every year since 1931, increasing the dividends received by shareholders each calendar year since 1954.

Company profile

Ticker
AWR
Exchange
Website
CEO
Robert Sprowls
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Golden State Water Company • American States Utility Services, Inc. • Fort Bliss Water Services Company • Old Dominion Utility Services, Inc. • Terrapin Utility Services, Inc. • Palmetto State Utility Services, Inc. • Old North Utility Services, Inc. • Emerald Coast Utility Services, Inc. • Fort Riley Utility Services, Inc. • California Cities Water Company, Inc. ...
IRS number
954676679

AWR stock data

Analyst ratings and price targets

Last 3 months

Calendar

1 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
18 Aug 22 Holloway Anne M Common Shares Sell Dispose S No No 88.95 298 26.51K 37,853.671
18 Aug 22 Holloway Anne M Common Shares Sell Dispose S No No 88.7815 102 9.06K 38,151.671
12 Aug 22 Hodges Granville R JR Common Shares Sell Dispose S Yes No 89.9 13,559.02 1.22M 243.796
23 Jul 22 David R Schickling Common Shares Grant Acquire A No No 0 202 0 401.586
1 Jun 22 Hodges Granville R JR Common Shares Grant Acquire A No No 79.39 7.651 607.44 18,331.199
16 May 22 Holloway Anne M Common Shares Grant Acquire A No No 77.64 87.53 6.8K 38,253.671
15 Feb 22 Holloway Anne M Common Shares Grant Acquire A No No 84.66 79.927 6.77K 38,166.141
26 Jan 22 Holloway Anne M Common Shares Sale back to company Dispose D No No 0 0.535 0 38,086.214
14.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 311 321 -3.1%
Opened positions 34 42 -19.0%
Closed positions 44 37 +18.9%
Increased positions 93 113 -17.7%
Reduced positions 112 93 +20.4%
13F shares Current Prev Q Change
Total value 2.18B 2.41B -9.2%
Total shares 26.62M 26.75M -0.5%
Total puts 23.1K 2.4K +862.5%
Total calls 15.3K 17.7K -13.6%
Total put/call ratio 1.5 0.1 +1013.5%
Largest owners Shares Value Change
BLK Blackrock 6.61M $539.17M +2.5%
Vanguard 4.56M $371.43M +0.0%
STT State Street 3.57M $291.22M +16.5%
First Trust Advisors 1.12M $91.09M +6.6%
Pictet Asset Management 1.06M $86.27M +2.8%
Dimensional Fund Advisors 748.95K $61.05M -0.9%
IVZ Invesco 663.27K $54.06M -12.9%
Geode Capital Management 656.61K $53.52M +2.4%
NTRS Northern Trust 554.95K $45.23M +3.7%
BK Bank Of New York Mellon 504.59K $41.13M +1.8%
Largest transactions Shares Bought/sold Change
STT State Street 3.57M +507.21K +16.5%
JPM JPMorgan Chase & Co. 305.9K -187.08K -37.9%
BLK Blackrock 6.61M +158.47K +2.5%
Parametric Portfolio Associates 0 -153.99K EXIT
IVZ Invesco 663.27K -98.13K -12.9%
Allianz Asset Management GmbH 150.85K -82.42K -35.3%
First Trust Advisors 1.12M +69.2K +6.6%
FMR 25.2K -50.38K -66.7%
PFG Principal Financial Group Inc - Registered Shares 256.36K -47.65K -15.7%
MS Morgan Stanley 347.67K +42.43K +13.9%

Financial report summary

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Risks
  • Regulated Water and Electric Utility Operations
  • Contract Services Operations
  • Our businesses are heavily regulated and, as a result, decisions by regulatory agencies or the U.S. government can significantly affect our businesses
  • Our liquidity and earnings may be adversely affected by maintenance costs
  • Our assets at our regulated utilities are subject to condemnation
  • Our costs of obtaining and complying with the terms of franchise agreements are increasing
  • Adverse publicity and reputational risks can lead to increased regulatory oversight or sanctions
  • The outbreak of COVID-19 and its impact on business and economic conditions could negatively affect our financial condition.
  • Our liquidity and earnings may be adversely affected by wildfires
  • We may be held strictly liable for damages to property caused by our equipment even if we are not negligent
  • We may be subject to financial losses, penalties and other liabilities if we fail to maintain safe work sites, equipment or facilities
  • The generation, transmission and distribution of electricity are dangerous and involve inherent risks of damage to private property and injury to employees and the general public
  • We may sustain losses that exceed or are excluded from our insurance coverage or for which we are not insured
  • We operate in areas subject to natural disasters
  • Our operations may be the target of terrorist activities
  • Our costs involved in maintaining water quality and complying with environmental regulation have increased and are expected to continue to increase
  • Our operating costs may increase as a result of groundwater contamination
  • The adequacy of our water supplies depends upon weather and a variety of other uncontrollable factors
  • Our liquidity may be adversely affected by changes in water supply costs
  • Our liquidity and earnings may be adversely affected by our conservation efforts
  • Our electric segment operates in a high wildfire risk area
  • Our liquidity may be adversely affected by increases in electricity and natural gas prices in California
  • We may not be able to procure sufficient renewable energy resources to comply with CPUC rules
  • Our 50-year contracts for servicing military bases create certain risks that are different from our public utility operations
  • Our contracts for the construction of infrastructure improvements on military bases create risks that are different from those of our public utility operations and maintenance activities
  • We may be adversely affected by disputes with the U.S. government regarding our performance of contracted services on military bases
  • We may not be fully reimbursed for all of our construction costs or may only receive payment on a delayed basis
  • Risks associated with wastewater systems are different from those of our water distribution operations
  • We may have responsibility for water quality at the military bases we serve
  • Our earnings may be affected, to some extent, by weather during different seasons
  • We continue to incur costs associated with the expansion of our contract activities
  • We must successfully maintain and/or upgrade our information technology systems as we are increasingly dependent on the continuous and reliable operation of these systems
  • Security risks, data protection breaches and cyber-attacks could disrupt our internal operations, and any such disruption could increase our expenses, damage our reputation and adversely affect our stock price
  • Failure to attract, retain, train, motivate, develop and transition key employees could adversely affect our business
  • Failure of our employees to maintain required certifications and licenses or to complete required compliance training could adversely impact our ability to operate and maintain our utility systems and provide services to our customers
  • The accuracy of our judgments and estimates about financial and accounting matters will impact our operating results and financial condition
  • Market conditions and demographic changes may adversely impact the value of our benefit plan assets and liabilities
  • Our business requires significant capital expenditures and our inability to access the capital or financial markets could affect our ability to meet our liquidity needs and long-term commitments, which could adversely impact our operations and financial results
  • The price of our Common Shares may be volatile and may be affected by market conditions beyond our control
  • Payment of our debt may be accelerated if we fail to comply with restrictive covenants in our debt agreements
  • AWR is a holding company that depends on cash flow from its subsidiaries to meet its financial obligations and to pay dividends on its Common Shares
  • The final determination of our income tax liability may be materially different from our income tax provision
  • Our operations are geographically concentrated in California

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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Removed: detecting, precipitation, requesting, revised, served, telecommuting, variance