California Water Service Group Holding (CWT) VP Lynne P. Mcghee Sells 1,605 Shares of Stock

California Water Service Group Holding (NYSE:CWT) VP Lynne P. Mcghee sold 1,605 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $37.61, for a total value of $60,364.05. Following the completion of the transaction, the vice president now directly owns 19,660 shares of the company’s stock, valued at $739,412.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

California Water Service Group Holding (CWT) opened at 38.40 on Tuesday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 32.00 and a beta of 0.70. The firm’s 50-day moving average price is $37.79 and its 200 day moving average price is $36.37. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.65.

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

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.88%. California Water Service Group Holding’s dividend payout ratio is presently 60.00%.

ILLEGAL ACTIVITY WARNING: “California Water Service Group Holding (CWT) VP Lynne P. Mcghee Sells 1,605 Shares of Stock” was published by Markets Daily and is owned by of Markets Daily. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://www.themarketsdaily.com/2017/09/12/california-water-service-group-holding-cwt-vp-lynne-p-mcghee-sells-1605-shares-of-stock.html.

Several brokerages have weighed in on CWT. BidaskClub raised California Water Service Group Holding from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research lowered California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. US Capital Advisors reissued a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Finally, Robert W. Baird reissued a “hold” rating and set a $35.00 price objective on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. California Water Service Group Holding presently has an average rating of “Hold” and an average target price of $34.80.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Aldebaran Financial Inc. raised its stake in California Water Service Group Holding by 2.8% during the 2nd quarter. Aldebaran Financial Inc. now owns 22,240 shares of the utilities provider’s stock valued at $818,000 after buying an additional 600 shares during the last quarter. WFG Advisors LP raised its stake in California Water Service Group Holding by 21.7% during the 2nd quarter. WFG Advisors LP now owns 7,655 shares of the utilities provider’s stock valued at $282,000 after buying an additional 1,363 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in California Water Service Group Holding during the 2nd quarter valued at $382,000. Raymond James Financial Services Advisors Inc. raised its stake in California Water Service Group Holding by 33.6% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,929 shares of the utilities provider’s stock valued at $292,000 after buying an additional 1,993 shares during the last quarter. Finally, State Street Corp raised its stake in California Water Service Group Holding by 4.7% during the 2nd quarter. State Street Corp now owns 1,272,477 shares of the utilities provider’s stock valued at $46,820,000 after buying an additional 57,115 shares during the last quarter. Institutional investors and hedge funds own 68.73% of the company’s stock.

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.

Receive News & Ratings for California Water Service Group Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Water Service Group Holding and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply