Insider Selling: California Water Service Group (NYSE:CWT) Insider Sells 615 Shares of Stock

California Water Service Group (NYSE:CWTGet Rating) insider Michelle R. Mortensen sold 615 shares of California Water Service Group stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $56.74, for a total transaction of $34,895.10. Following the completion of the sale, the insider now owns 8,582 shares of the company’s stock, valued at approximately $486,942.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

California Water Service Group Stock Down 0.1 %

Shares of NYSE:CWT traded down $0.03 during trading on Thursday, hitting $56.89. The company’s stock had a trading volume of 209,891 shares, compared to its average volume of 252,369. The business has a 50 day moving average price of $59.57 and a two-hundred day moving average price of $56.58. The company has a market capitalization of $3.09 billion, a PE ratio of 34.48 and a beta of 0.34. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.93 and a current ratio of 0.97. California Water Service Group has a fifty-two week low of $48.46 and a fifty-two week high of $72.08.

California Water Service Group (NYSE:CWTGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.24). California Water Service Group had a return on equity of 7.39% and a net margin of 10.69%. During the same quarter last year, the company posted $0.75 earnings per share. As a group, research analysts expect that California Water Service Group will post 1.78 EPS for the current fiscal year.

California Water Service Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.76%. California Water Service Group’s payout ratio is currently 60.61%.

Hedge Funds Weigh In On California Water Service Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ellevest Inc. lifted its position in California Water Service Group by 129.2% in the first quarter. Ellevest Inc. now owns 518 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 292 shares during the last quarter. Column Capital Advisors LLC lifted its position in California Water Service Group by 3,973.3% in the first quarter. Column Capital Advisors LLC now owns 611 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 596 shares during the last quarter. Venture Visionary Partners LLC purchased a new stake in California Water Service Group in the second quarter valued at $40,000. EverSource Wealth Advisors LLC lifted its position in California Water Service Group by 731.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,064 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 936 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in California Water Service Group in the second quarter valued at $69,000. Institutional investors and hedge funds own 80.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of California Water Service Group from a “hold” rating to a “sell” rating in a report on Monday, August 1st.

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.

Recommended Stories

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

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