Wells Fargo Maintains a Sell Rating on American States Water Company (AWR)

By Carrie Williams

In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Sell rating on American States Water Company (AWRResearch Report). The company’s shares closed on Friday at $74.72, close to its 52-week high of $76.43.

According to TipRanks.com, Reeder is a 3-star analyst with an average return of 11.6% and a 80.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., California Water Service, and Pnm Resources Inc.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for American States Water Company with a $52 average price target.

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The company has a one-year high of $76.43 and a one-year low of $54.25. Currently, American States Water Company has an average volume of 154.4K.

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American States Water Co. is a holding company, which engages in the purchase, production, distribution, and sale of water. It operates through the following segments: Water, Electric, and Contracted Services. The company was founded on December 1, 1929 and is headquartered in San Dimas, CA.