Key Points
- Director Thomas Krummel sold 3,700 CWT shares for $186,369 at an average price of $50.37, reducing his direct ownership by 15.54% to 20,104 shares.
- California Water Service Group reported quarterly EPS of $0.93, beating estimates of $0.80, while revenue rose 16.5% year over year to $308.6 million. The company also declared a $0.335 quarterly dividend, representing a 2.7% yield.
- Shares opened at $50.50, while analysts maintain a consensus “Hold” rating with a $54.00 target price; institutional investors own 82.78% of the stock.
California Water Service Group (NYSE:CWT - Get Free Report) Director Thomas Krummel sold 3,700 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $50.37, for a total value of $186,369.00. Following the transaction, the director directly owned 20,104 shares in the company, valued at $1,012,638.48. This trade represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
California Water Service Group Stock Up 0.6%
Shares of NYSE:CWT opened at $50.50 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.81. California Water Service Group has a 52-week low of $41.29 and a 52-week high of $53.82. The company has a 50 day moving average of $48.96 and a two-hundred day moving average of $46.33. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.50.
California Water Service Group (NYSE:CWT - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.13. California Water Service Group had a net margin of 12.63% and a return on equity of 7.74%. The company had revenue of $308.60 million for the quarter, compared to analyst estimates of $283.50 million. During the same quarter last year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 16.5% on a year-over-year basis. As a group, analysts forecast that California Water Service Group will post 2.57 earnings per share for the current fiscal year.
California Water Service Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.34 annualized dividend and a yield of 2.7%. California Water Service Group's payout ratio is 60.36%.
More California Water Service Group News
Here are the key news stories impacting California Water Service Group this week:
- Positive Sentiment: Zacks raised its FY2026 EPS estimate to $2.61 from $2.56, above the current consensus estimate of $2.55. The firm also increased its FY2027 forecast to $2.72 from $2.71, Q2 2027 EPS to $0.83 from $0.75, and Q4 2026 EPS to $0.39 from $0.37. These revisions point to improving longer-term earnings expectations.
- Neutral Sentiment: Zacks maintained a forecast of $2.72 EPS for FY2027 in its estimate updates and projected $0.31 EPS for Q1 2028. The overall revisions were mixed rather than a broad upgrade, leaving investors to balance stronger annual forecasts against weaker individual quarters.
- Negative Sentiment: Zacks cut its Q3 2026 EPS estimate to $1.22 from $1.33, Q1 2027 to $0.26 from $0.31, Q3 2027 to $1.31 from $1.37, and Q1 2028 to $0.31 from $0.35. The reductions imply some pressure on earnings in upcoming reporting periods.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CWT. Danske Bank A S acquired a new position in California Water Service Group during the 3rd quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of California Water Service Group in the 2nd quarter worth about $33,000. Versant Capital Management Inc raised its stake in shares of California Water Service Group by 228.2% in the 2nd quarter. Versant Capital Management Inc now owns 676 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 470 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of California Water Service Group by 109.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 365 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of California Water Service Group by 67.9% during the first quarter. Bessemer Group Inc. now owns 744 shares of the utilities provider's stock worth $34,000 after purchasing an additional 301 shares during the last quarter. 82.78% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CWT shares. Wall Street Zen upgraded California Water Service Group from a "sell" rating to a "hold" rating in a research note on Saturday, July 18th. Robert W. Baird set a $54.00 price target on California Water Service Group in a research note on Friday, May 1st. Seaport Research Partners reissued a "buy" rating and issued a $53.00 price target on shares of California Water Service Group in a report on Wednesday. Finally, Weiss Ratings upgraded California Water Service Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.00.
Read Our Latest Stock Report on California Water Service Group
California Water Service Group Company Profile
(
Get Free Report)
California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.
Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.
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