California Water Service Group (NYSE:CWT – Get Free Report) Director Thomas Krummel sold 3,700 shares of California Water Service Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $50.37, for a total transaction of $186,369.00. Following the completion of the sale, the director owned 20,104 shares of the company’s stock, valued at $1,012,638.48. This represents a 15.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
California Water Service Group Stock Up 0.2%
CWT opened at $50.50 on Monday. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 1.79 and a beta of 0.50. The firm has a 50 day moving average price of $48.96 and a 200-day moving average price of $46.34. California Water Service Group has a twelve month low of $41.29 and a twelve month high of $53.82. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.81.
California Water Service Group (NYSE:CWT – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. California Water Service Group had a net margin of 12.63% and a return on equity of 7.74%. The company had revenue of $308.60 million for the quarter, compared to analysts’ expectations of $283.50 million. During the same quarter last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 16.5% on a year-over-year basis. Equities research analysts forecast that California Water Service Group will post 2.57 earnings per share for the current year.
California Water Service Group Announces Dividend
Key California Water Service Group News
Here are the key news stories impacting California Water Service Group this week:
- Positive Sentiment: Zacks raised its FY2026 EPS estimate to $2.61 from $2.56, above the current consensus estimate of $2.55. The firm also increased its FY2027 forecast to $2.72 from $2.71, Q2 2027 EPS to $0.83 from $0.75, and Q4 2026 EPS to $0.39 from $0.37. These revisions point to improving longer-term earnings expectations.
- Neutral Sentiment: Zacks maintained a forecast of $2.72 EPS for FY2027 in its estimate updates and projected $0.31 EPS for Q1 2028. The overall revisions were mixed rather than a broad upgrade, leaving investors to balance stronger annual forecasts against weaker individual quarters.
- Negative Sentiment: Zacks cut its Q3 2026 EPS estimate to $1.22 from $1.33, Q1 2027 to $0.26 from $0.31, Q3 2027 to $1.31 from $1.37, and Q1 2028 to $0.31 from $0.35. The reductions imply some pressure on earnings in upcoming reporting periods.
Hedge Funds Weigh In On California Water Service Group
Several large investors have recently made changes to their positions in CWT. BlackRock Inc. bought a new stake in California Water Service Group during the 2nd quarter valued at approximately $523,255,000. Vanguard Group Inc. grew its holdings in California Water Service Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 7,346,457 shares of the utilities provider’s stock valued at $318,322,000 after buying an additional 34,155 shares in the last quarter. Amundi raised its position in shares of California Water Service Group by 26.7% during the first quarter. Amundi now owns 3,470,997 shares of the utilities provider’s stock valued at $157,421,000 after buying an additional 732,004 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of California Water Service Group by 1.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,337,205 shares of the utilities provider’s stock worth $144,602,000 after buying an additional 36,296 shares in the last quarter. Finally, Nuance Investments LLC boosted its position in shares of California Water Service Group by 3.5% during the fourth quarter. Nuance Investments LLC now owns 1,825,390 shares of the utilities provider’s stock worth $79,094,000 after acquiring an additional 60,931 shares during the last quarter. 82.78% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on CWT shares. Seaport Research Partners reaffirmed a “buy” rating and set a $53.00 price target on shares of California Water Service Group in a research report on Wednesday. Weiss Ratings raised shares of California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, Robert W. Baird set a $54.00 price objective on shares of California Water Service Group in a research report on Friday, May 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, California Water Service Group presently has a consensus rating of “Hold” and a consensus target price of $54.00.
View Our Latest Report on California Water Service Group
About California Water Service Group
California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.
Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.
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