California Water Service Group (NYSE:CWT) Director George A. Vera purchased 869 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were purchased at an average cost of $35.40 per share, for a total transaction of $30,762.60. Following the transaction, the director now directly owns 41,509 shares in the company, valued at $1,469,418.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of California Water Service Group (CWT) traded up $0.75 on Friday, reaching $37.75. The company had a trading volume of 427,740 shares, compared to its average volume of 333,953. The stock has a market cap of $1,776.42, a PE ratio of 26.96, a price-to-earnings-growth ratio of 4.32 and a beta of 0.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.46 and a quick ratio of 0.45. California Water Service Group has a twelve month low of $32.75 and a twelve month high of $46.15.
California Water Service Group (NYSE:CWT) last issued its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. The business had revenue of $162.00 million for the quarter, compared to analysts’ expectations of $155.89 million. California Water Service Group had a return on equity of 9.97% and a net margin of 10.07%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 EPS. research analysts predict that California Water Service Group will post 1.43 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC purchased a new stake in California Water Service Group during the 4th quarter worth about $106,000. CoreCommodity Management LLC purchased a new stake in California Water Service Group during the 4th quarter worth about $146,000. SG Americas Securities LLC purchased a new stake in shares of California Water Service Group in the 3rd quarter valued at about $160,000. HPM Partners LLC purchased a new stake in shares of California Water Service Group in the 4th quarter valued at about $204,000. Finally, ACG Wealth purchased a new stake in shares of California Water Service Group in the 4th quarter valued at about $207,000. 70.06% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on CWT. UBS Group began coverage on California Water Service Group in a research report on Thursday. They set a “sell” rating and a $34.00 price target on the stock. ValuEngine raised California Water Service Group from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut California Water Service Group from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. Finally, Hilliard Lyons cut California Water Service Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $37.25.
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California Water Service Group Company Profile
California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.
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