California Water Service Group (NYSE:CWT) Director Peter C. Nelson sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $49.10, for a total transaction of $491,000.00. Following the transaction, the director now directly owns 39,509 shares in the company, valued at $1,939,891.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE CWT traded up $0.11 during midday trading on Tuesday, hitting $50.19. The company had a trading volume of 226,277 shares, compared to its average volume of 216,087. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.50 and a quick ratio of 0.49. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 3.61 and a beta of 0.37. The firm has a 50-day simple moving average of $50.21. California Water Service Group has a twelve month low of $38.75 and a twelve month high of $55.05.
California Water Service Group (NYSE:CWT) last announced its earnings results on Thursday, April 25th. The utilities provider reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.21). The business had revenue of $126.10 million for the quarter, compared to analyst estimates of $138.86 million. California Water Service Group had a return on equity of 7.76% and a net margin of 8.05%. The business’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. Research analysts forecast that California Water Service Group will post 1.39 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. acquired a new position in California Water Service Group during the first quarter worth about $732,000. Independent Advisor Alliance grew its holdings in shares of California Water Service Group by 49.5% during the first quarter. Independent Advisor Alliance now owns 14,067 shares of the utilities provider’s stock worth $764,000 after buying an additional 4,658 shares in the last quarter. Mackay Shields LLC grew its holdings in shares of California Water Service Group by 50.5% during the fourth quarter. Mackay Shields LLC now owns 33,570 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 11,270 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of California Water Service Group by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 34,357 shares of the utilities provider’s stock worth $1,637,000 after buying an additional 755 shares in the last quarter. Finally, Arjuna Capital grew its holdings in shares of California Water Service Group by 5.2% during the fourth quarter. Arjuna Capital now owns 5,217 shares of the utilities provider’s stock worth $249,000 after buying an additional 260 shares in the last quarter. Institutional investors own 74.22% of the company’s stock.
California Water Service Group Company Profile
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.
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