News articles about California Water Service Group Holding (NYSE:CWT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. California Water Service Group Holding earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the utilities provider an impact score of 46.2912856708696 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently commented on the stock. BidaskClub raised shares of California Water Service Group Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research cut shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. US Capital Advisors reaffirmed a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of California Water Service Group Holding in a research report on Sunday, September 3rd. Finally, Barclays PLC increased their price target on shares of California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, September 22nd. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.60.

Shares of California Water Service Group Holding (NYSE CWT) traded up 0.50% during trading on Thursday, reaching $40.40. 29,145 shares of the company’s stock were exchanged. The company has a market capitalization of $1.94 billion, a PE ratio of 33.67 and a beta of 0.70. The company has a 50 day moving average price of $37.67 and a 200-day moving average price of $36.71. California Water Service Group Holding has a 52-week low of $29.25 and a 52-week high of $40.53.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The business had revenue of $171.10 million for the quarter, compared to analyst estimates of $162.23 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that California Water Service Group Holding will post $1.31 earnings per share for the current year.

In other news, VP Lynne P. Mcghee sold 1,079 shares of California Water Service Group Holding stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total transaction of $39,858.26. Following the sale, the vice president now directly owns 18,581 shares in the company, valued at approximately $686,382.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Lynne P. Mcghee sold 1,605 shares of California Water Service Group Holding stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the sale, the vice president now owns 19,660 shares in the company, valued at $739,412.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact California Water Service Group Holding (CWT) Share Price” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/10/05/somewhat-favorable-press-coverage-somewhat-unlikely-to-impact-california-water-service-group-holding-cwt-share-price.html.

California Water Service Group Holding 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.

Insider Buying and Selling by Quarter for California Water  Service Group Holding (NYSE:CWT)

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