California Water Service Group Holding (CWT) Getting Somewhat Positive Media Coverage, Analysis Finds

Media headlines about California Water Service Group Holding (NYSE:CWT) have trended somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. California Water Service Group Holding earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.9107145196299 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

A number of equities analysts have recently issued reports on CWT shares. Zacks Investment Research downgraded California Water Service Group Holding from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. BidaskClub upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Finally, Gabelli downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. California Water Service Group Holding has a consensus rating of “Hold” and an average target price of $34.40.

Shares of California Water Service Group Holding (NYSE CWT) opened at 36.80 on Friday. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.65. The firm has a 50-day moving average price of $37.96 and a 200-day moving average price of $36.10. The company has a market capitalization of $1.77 billion, a P/E ratio of 30.67 and a beta of 0.69.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS 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 return on equity of 8.78% and a net margin of 9.17%. California Water Service Group Holding’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. Equities analysts forecast that California Water Service Group Holding will post $1.31 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date was Thursday, August 3rd. California Water Service Group Holding’s payout ratio is 60.00%.

In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $35.90, for a total transaction of $35,900.00. Following the completion of the transaction, the vice president now owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.

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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.

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