MIRAE ASSET Global Investments Co. Ltd. Bets On American States Water

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AWR Intrinsic Value – American States Water ($NYSE:AWR) is a water and wastewater utility company based in San Dimas, California. The company operates in three states: California, Texas, and Arizona. American States Water is the largest investor-owned water utility in California.

Mirae Asset Global Investments Co. Ltd. has purchased 12,878 shares of American States Water. This purchase represents a significant investment in American States Water by Mirae Asset.

Share Price

Right now, news reports are mostly positive about the company. On Friday, AMERICAN STATES WATER stock opened at $79.0 and closed at $80.8, up by 3.2% from the prior closing price of 78.3.

VI Analysis – AWR Intrinsic Value

American States Water Company is a publicly traded water utility company based in San Dimas, California. AWR is the holding company for Golden State Water Company and American States Utility Services, Inc., both regulated subsidiaries providing water and wastewater services in California, Arizona, Colorado, and Texas. American States Utility Services, Inc. provides water and wastewater services to U.S. military bases under long-term contracts with the U.S. government. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “AWR.”

VI Peers

The Company operates through two segments: Water and Electric. American States Water Company provides water and wastewater services to residential, commercial, industrial, and governmental customers in the states of California and Arizona. The Company is the largest shareholder-owned water utility in California. American States Water Company’s subsidiaries include Golden State Water Company and Arizona Water Company. SJW Group is a publicly traded water and wastewater utility company headquartered in San Jose, California. The Company operates through three segments: Water Utility Services, Real Estate Services, and Corporate and Other. SJW Group provides water and wastewater services to residential, commercial, industrial, and governmental customers in the states of California, Texas, Connecticut, and Massachusetts. American Water Works Co Inc is a publicly traded water and wastewater utility company headquartered in Voorhees, New Jersey. The Company operates through three segments: Regulated Businesses, Market-Based Operations, and Homeowner Services. American Water Works Company Inc provides water and wastewater services to residential, commercial, industrial, and governmental customers in the states of Illinois, New Jersey, Pennsylvania, Virginia, West Virginia, Kentucky, Ohio, Michigan, Indiana, North Carolina, South Carolina, Maryland, Delaware, Florida, Louisiana, Georgia, Colorado, Nevada, New Mexico, Oklahoma, Texas, and Wyoming. Global Water Resources Inc is a publicly traded water and wastewater utility company headquartered in Scottsdale, Arizona. The Company operates through two segments: Regulated Operations and Non-Regulated Operations. Global Water Resources Inc provides water and wastewater services to residential, commercial, industrial, and governmental customers in the state of Arizona.

– SJW Group ($NYSE:SJW)

SJW Group is a publicly traded water and wastewater utility company headquartered in San Jose, California. It is the holding company for San Jose Water Company, SJWTX, Inc., and SJW Land Company. As of 2019, SJW Group served more than one million people in San Jose, California; Austin, Texas; and Connecticut.

The company has a market cap of 1.88B as of 2022 and a Return on Equity of 7.1%. SJW Group’s market cap is the fourth highest of all water and wastewater utilities in the United States. The company’s ROE is above the average for all water and wastewater utilities in the United States.

– American Water Works Co Inc ($NYSE:AWK)

The American Water Works Company, Inc. is the largest publicly traded U.S. water and wastewater utility company. It provides water and wastewater services to an estimated 15 million people in 47 states and Ontario, Canada. The company operates through six segments: Regulated Businesses, Market-Based Businesses, Homeowner Services, Contracted Services, Other, and Corporate & Other. The company was founded in 1886 and is headquartered in Voorhees, New Jersey.

– Global Water Resources Inc ($NASDAQ:GWRS)

As of 2022, Global Water Resources Inc has a market cap of 277.81M and a ROE of 30.2%. The company is involved in the development, ownership, and operation of water and wastewater utilities in the United States.

Summary

Water is one of the most essential resources for life, and access to clean water is a fundamental human right. Despite this, nearly 1 billion people around the world do not have access to safe drinking water, and water-related diseases are a leading cause of death globally. Investing in companies that provide water infrastructure and services is one way to help address the global water crisis and ensure that everyone has access to clean water. American States Water is one such company. The company owns and operates water treatment plants, distribution systems, reservoirs, and hydroelectric power plants.

AWR is committed to providing safe and reliable water services to its customers, and to protecting and preserving water resources for future generations. The company invests heavily in water infrastructure and has a strong track record of environmental stewardship. AWR is a good long-term investment for those looking to profit from the global water crisis. The company is well-positioned to benefit from the growing demand for clean water, and its commitment to environmental sustainability makes it a good bet for the future.