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American States Water: You Depend On Them, So Own Them
Treading Softly · 2026-04-27 · via All Articles on Seeking Alpha

Summary

  • American States Water offers essential utility services with a 71-year dividend growth streak and exposure to both water and electric markets.
  • AWR is executing a $573.1 million capital plan through 2027, targeting 11.3% rate base growth and maintaining an A credit rating.
  • Shares trade at a 12% discount to a fair value of $89, with a forward P/E of 21.1 versus a 10-year average of 32.3.
  • Projected 7.3% annual EPS growth and 8% dividend growth support a 10%+ annual total return outlook, with risks from drought and cyber threats.
  • Looking for more investing ideas like this one? Get them exclusively at The Dividend Kings. Learn More »
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Co-authored by Kody's Dividends

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Kody's Dividends, Justin Law, and Rachel Kaufman are part of the Dividend Kings team.

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