California Water Service Group (NYSE:CWT) VP David B. Healey sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the vice president now owns 15,106 shares in the company, valued at $755,300. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
NYSE CWT traded down $0.64 on Monday, reaching $49.99. 438,000 shares of the stock traded hands, compared to its average volume of 229,733. The stock’s fifty day moving average price is $50.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.49 and a current ratio of 0.50. The company has a market capitalization of $2.44 billion, a P/E ratio of 36.76, a price-to-earnings-growth ratio of 3.63 and a beta of 0.35. California Water Service Group has a 12 month low of $38.85 and a 12 month high of $55.05.
California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.21). The company had revenue of $126.10 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share. Research analysts predict that California Water Service Group will post 1.39 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CWT. BlackRock Inc. boosted its stake in shares of California Water Service Group by 2.1% during the 4th quarter. BlackRock Inc. now owns 7,470,871 shares of the utilities provider’s stock worth $356,064,000 after acquiring an additional 155,103 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in shares of California Water Service Group in the fourth quarter valued at $6,692,000. Norges Bank purchased a new stake in shares of California Water Service Group in the fourth quarter valued at $6,293,000. Millennium Management LLC purchased a new stake in shares of California Water Service Group in the fourth quarter valued at $4,982,000. Finally, WINTON GROUP Ltd lifted its holdings in shares of California Water Service Group by 26.4% in the fourth quarter. WINTON GROUP Ltd now owns 322,690 shares of the utilities provider’s stock valued at $15,379,000 after purchasing an additional 67,453 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.
About California Water Service Group
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.
Further Reading: What is the quiet period?
Receive News & Ratings for California Water Service Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Water Service Group and related companies with MarketBeat.com's FREE daily email newsletter.