California Water Service Group (NYSE:CWT) VP Sells $26,575.00 in Stock

California Water Service Group (NYSE:CWTGet Rating) VP David B. Healey sold 500 shares of the stock in a transaction that occurred on Tuesday, May 17th. The stock was sold at an average price of $53.15, for a total value of $26,575.00. Following the transaction, the vice president now owns 16,046 shares in the company, valued at $852,844.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of CWT traded up $0.06 during trading hours on Tuesday, reaching $53.10. The stock had a trading volume of 12,401 shares, compared to its average volume of 368,677. California Water Service Group has a 12 month low of $49.84 and a 12 month high of $72.08. The firm has a 50-day simple moving average of $55.94 and a 200 day simple moving average of $60.93. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 26.09 and a beta of 0.35.

California Water Service Group (NYSE:CWTGet Rating) last issued its quarterly earnings data on Thursday, April 28th. The utilities provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). California Water Service Group had a net margin of 12.90% and a return on equity of 9.41%. The company had revenue of $172.99 million for the quarter, compared to the consensus estimate of $154.00 million. During the same quarter last year, the business posted ($0.06) earnings per share. On average, equities analysts forecast that California Water Service Group will post 1.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Stockholders of record on Monday, May 9th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, May 6th. California Water Service Group’s dividend payout ratio is presently 49.02%.

A number of research firms have issued reports on CWT. StockNews.com began coverage on California Water Service Group in a report on Thursday, March 31st. They set a “hold” rating on the stock. Seaport Res Ptn upgraded California Water Service Group from a “sell” rating to a “neutral” rating in a report on Tuesday, January 25th.

Institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its position in shares of California Water Service Group by 23.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 42,923 shares of the utilities provider’s stock valued at $3,084,000 after purchasing an additional 8,190 shares during the last quarter. Barclays PLC grew its holdings in California Water Service Group by 19.1% during the 3rd quarter. Barclays PLC now owns 53,085 shares of the utilities provider’s stock valued at $3,128,000 after buying an additional 8,515 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in California Water Service Group by 261.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 109,967 shares of the utilities provider’s stock valued at $7,848,000 after buying an additional 79,567 shares in the last quarter. Wellington Management Group LLP purchased a new position in California Water Service Group during the 3rd quarter valued at about $553,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in California Water Service Group by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 22,130 shares of the utilities provider’s stock valued at $1,304,000 after buying an additional 260 shares in the last quarter. 77.36% of the stock is owned by hedge funds and other institutional investors.

California Water Service Group Company Profile (Get Rating)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company 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

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

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