gustavofrazao After taking two months off from my 10 Dividend Growth Stocks series, I'm refocusing the series to identify top-ranked undervalued stocks. By implication, such stocks are suitable candidates for your dividend growth portfolio because they're high-quality dividend growth stocks trading at or below fair value. As always, I recommend you do your own analysis before buying shares of any of these stocks. My watchlist of dividend growth stocks is Dividend Radar, a weekly automatically generated spre ...

The Zacks Utility - Water Supply industry includes companies that provide drinking water and wastewater services to industrial, commercial and residential customers, along with numerous military bases across the country.Healthy and hygienic living requires a constant, uninterrupted flow of clean potable water and reliable sewer services. Water utilities carry out the regular crucial work of meeting millions of Americans’ increasing demand for potable water. Storage tanks, treatment and desalination faciliti ...

fcafotodigital Introduction It has been almost two years since I last wrote about American States Water Company (NYSE:AWR). Since then, the company has shown continued earnings growth, its dividend has been raised for the seventieth year in a row, and its stock price has remained virtually unchanged. Reason enough, to provide an update on the investment thesis for this legendary Dividend King. Stock performance The chart below shows that American States Water comfortably beats the S&P 500 index (SPY) ov ...

Financial Data and Key Metrics Changes - Consolidated earnings for Q2 2024 were $0.85 per share, down from $1.04 per share in Q2 2023, largely due to higher operating expenses and interest costs [11][12] - Adjusted consolidated earnings for the first half of 2024 were $1.47 per share, compared to $1.46 per share for the same period in 2023, indicating a slight increase [18] - The annualized dividend rate increased to $1.86 per share, representing an 8.3% increase from the previous rate of $1.72 per share [10] Business Line Data and Key Metrics Changes - Water Utility segment earnings decreased to $0.67 per share in Q2 2024 from $0.91 per share in Q2 2023, primarily due to nonrecurring regulatory adjustments in the previous year [12] - Electric segment earnings were $0.01 per share for Q2 2024, down from $0.03 per share in the same period last year, attributed to the absence of new rates and increased operating expenses [13] - ASUS earnings increased to $0.19 per share in Q2 2024 from $0.12 per share in Q2 2023, driven by higher management fee revenues and new military base operations [26] Market Data and Key Metrics Changes - Consolidated revenue for Q2 2024 decreased by $2.1 million compared to Q2 2023, with water segment revenues down by $6.5 million due to regulatory adjustments [14][15] - Electric revenues slightly decreased as the company awaited a decision on the electric general rate case [15] - ASUS revenues increased by $4.5 million, largely due to higher management fee revenues from new military base contracts [15] Company Strategy and Development Direction - The company plans to invest approximately $573.1 million in capital infrastructure over the next three years, contingent on regulatory approval [7][21] - The company aims to maintain a compound annual growth rate in dividends of over 7% in the long term, reflecting confidence in sustainable earnings growth [10][27] - The company is focused on expanding its military base operations and leveraging its expertise in utility management [8][26] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the potential reauthorization of fully decoupled rates by the CPUC, following favorable developments in the California Supreme Court [31] - The company anticipates a decision on the electric general rate case by the end of 2024, with new rates expected to be retroactive to January 2023 [25][40] - Management acknowledged challenges in engaging with the Public Advocates Office due to resource constraints, impacting the timing of rate case decisions [36][39] Other Important Information - The company has maintained a strong credit rating, with American States Water rated stable by S&P and Golden State Water rated A+ stable [20] - The company has a long history of paying dividends, having increased them for 70 consecutive years [10] Q&A Session Summary Question: What are the prospects of the CPUC reauthorizing fully decoupled rates? - Management noted uncertainty but highlighted positive developments, including the Governor signing a bill allowing requests for full decoupling and a favorable Supreme Court ruling [31][32] Question: Any updates on the timing of the Bear Valley GRC? - Management indicated that a decision is expected in September but acknowledged potential delays due to the commission's workload [34] Question: How significant is the impact of the delayed Bear Valley GRC on EPS? - Management stated that the impact is significant, especially considering the long duration without rate increases [42][45] Question: Any insight into potential new base additions at ASUS? - Management suggested that while there may not be immediate new contracts, there is interest in moving forward with utility privatizations in the future [47][48]

American States Water Company (AWR) reported second-quarter 2024 operating earnings per share (EPS) of 85 cents, which beat the Zacks Consensus Estimate of 84 cents by 1.2%.Total RevenuesOperating revenues came in at $155.3 million, which outpaced the Zacks Consensus Estimate of $138 million by 12.6%. However, the top line declined 1.3% from $157.4 million reported in the prior-year period. Highlights of the ReleaseOperating expenses in the quarter totaled $103.6 million, up 5.2% from the year-ago quarter’s ...

American States Water (AWR) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.19%. A quarter ago, it was expected that this water and electric utility would post earnings of $0.59 per share when it actually produced earnings of $0.62, delivering a surprise of 5.08%.Over the last four ...

Exhibit 99.1 American States Water Company Announces Second Quarter 2024 Results • Second quarter 2024 recorded and adjusted earnings were both $0.85 per share compared to second quarter 2023 recorded earnings of $1.04 per share and adjusted earnings of $0.86 per share ◦ Adjusted earnings for the second quarter 2023 exclude $0.18 per share related to the reversal of previously recorded revenues subject to refund following the receipt of a final decision in the cost of capital proceeding in June 2023 • AWR's ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to Commission file number 001-14431 American States Water Company (Exact Name of Registrant as Specified in Its Charter) California 95-4676679 (State or Other Jurisdiction o ...

All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yiel ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric th ...