California Water Service Group (NYSE:CWT) Director Thomas Krummel Sells 3,700 Shares of Stock

California Water Service Group (NYSE:CWT) Director Thomas Krummel sold 3,700 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were 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 approximately $1,012,638.48. The trade was a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

California Water Service Group Stock Performance

Shares of CWT stock opened at $50.50 on Friday. California Water Service Group has a one year low of $41.29 and a one year high of $53.82. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 0.70. The company has a 50 day moving average price of $48.96 and a 200 day moving average price of $46.33. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.78 and a beta of 0.50.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $283.50 million. During the same quarter last year, the firm posted $0.71 earnings per share. California Water Service Group’s revenue was up 16.5% on a year-over-year basis. Sell-side analysts anticipate that California Water Service Group will post 2.57 EPS for the current year.

California Water Service Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be given a $0.335 dividend. This represents a $1.34 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. California Water Service Group’s dividend payout ratio (DPR) is 60.36%.

Wall Street Analysts Forecast Growth

CWT has been the subject of a number of research reports. Seaport Research Partners reissued a “buy” rating and set a $53.00 price target on shares of California Water Service Group in a research report on Wednesday. Wall Street Zen upgraded California Water Service Group from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Weiss Ratings raised California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird set a $54.00 target price on California Water Service Group in a report on Friday, May 1st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.00.

Hedge Funds Weigh In On California Water Service Group

Several hedge funds and other institutional investors have recently made changes to their positions in CWT. Danske Bank A S purchased a new stake in California Water Service Group during the 3rd quarter worth $28,000. EverSource Wealth Advisors LLC raised its position in California Water Service Group by 109.9% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 365 shares during the period. Versant Capital Management Inc raised its position in California Water Service Group by 228.2% in the second quarter. Versant Capital Management Inc now owns 676 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 470 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of California Water Service Group during the second quarter worth about $33,000. Finally, Bessemer Group Inc. lifted its stake in shares of California Water Service Group by 67.9% during the first quarter. Bessemer Group Inc. now owns 744 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 301 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

More 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.

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.