George A. Vera Purchases 869 Shares of California Water Service Group (CWT) Stock
California Water Service Group (NYSE:CWT) Director George A. Vera bought 869 shares of the stock in a transaction on Tuesday, March 6th. The stock was purchased at an average cost of $35.40 per share, with a total value of $30,762.60. Following the completion of the purchase, the director now directly owns 41,509 shares in the company, valued at approximately $1,469,418.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of California Water Service Group (CWT) traded up $0.75 on Friday, hitting $37.75. 427,740 shares of the company’s stock were exchanged, compared to its average volume of 333,953. The firm has a market cap of $1,812.42, a price-to-earnings ratio of 26.96, a PEG ratio of 4.41 and a beta of 0.62. California Water Service Group has a 52 week low of $32.75 and a 52 week high of $46.15. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.45 and a current ratio of 0.46.
California Water Service Group (NYSE:CWT) last announced its quarterly earnings results on Thursday, March 1st. The utilities provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.06. The company had revenue of $162.00 million for the quarter, compared to analyst estimates of $155.89 million. California Water Service Group had a net margin of 10.07% and a return on equity of 9.97%. California Water Service Group’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. equities research analysts anticipate that California Water Service Group will post 1.43 EPS for the current year.
CWT has been the subject of several recent analyst reports. ValuEngine raised shares of California Water Service Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. UBS Group initiated coverage on shares of California Water Service Group in a research note on Thursday. They issued a “sell” rating and a $34.00 target price for the company. Finally, Hilliard Lyons cut shares of California Water Service Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in shares of California Water Service Group in the 4th quarter valued at $106,000. CoreCommodity Management LLC acquired a new position in shares of California Water Service Group in the 4th quarter valued at $146,000. SG Americas Securities LLC acquired a new position in shares of California Water Service Group in the 3rd quarter valued at $160,000. HPM Partners LLC acquired a new position in shares of California Water Service Group in the 4th quarter valued at $204,000. Finally, ACG Wealth acquired a new position in shares of California Water Service Group in the 4th quarter valued at $207,000. Institutional investors own 70.06% of the company’s stock.
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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.
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