News headlines about California Water Service Group (NYSE:CWT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. California Water Service Group earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the utilities provider an impact score of 46.1020099753987 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

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

Shares of California Water Service Group (NYSE CWT) traded down $0.45 during trading hours on Friday, reaching $44.00. 64,685 shares of the company were exchanged, compared to its average volume of 174,128. The firm has a market cap of $2,112.66, a PE ratio of 30.99, a P/E/G ratio of 6.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.47. California Water Service Group has a 12-month low of $32.45 and a 12-month high of $44.95.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $211.70 million during the quarter, compared to analysts’ expectations of $203.00 million. California Water Service Group had a net margin of 10.46% and a return on equity of 10.31%. California Water Service Group’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. analysts anticipate that California Water Service Group will post 1.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Friday, November 3rd. California Water Service Group’s dividend payout ratio is currently 50.70%.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of California Water Service Group from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Barclays PLC increased their price target on shares of California Water Service Group from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. Finally, Robert W. Baird reiterated a “hold” rating and set a $35.00 price target on shares of California Water Service Group in a research note on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. California Water Service Group presently has a consensus rating of “Hold” and a consensus target price of $36.75.

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

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About California Water Service Group

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 (NYSE:CWT)

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