News stories about California Water Service Group Holding (NYSE:CWT) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. California Water Service Group Holding earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the utilities provider an impact score of 46.3469484327388 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

California Water Service Group Holding (NYSE:CWT) traded up $0.70 on Wednesday, reaching $44.75. 195,700 shares of the company’s stock traded hands, compared to its average volume of 158,305. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 0.76. The company has a market cap of $2,115.07, a PE ratio of 31.02, a P/E/G ratio of 6.04 and a beta of 0.72. California Water Service Group Holding has a 1-year low of $32.45 and a 1-year high of $44.95.

California Water Service Group Holding (NYSE:CWT) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $211.70 million for the quarter, compared to analysts’ expectations of $203.00 million. California Water Service Group Holding had a net margin of 10.46% and a return on equity of 10.31%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS. research analysts forecast that California Water Service Group Holding will post 1.33 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, November 3rd. California Water Service Group Holding’s dividend payout ratio is currently 50.70%.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, July 28th. BidaskClub downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Barclays PLC increased their price objective on shares of California Water Service Group Holding from $30.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, September 22nd. 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 research report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $36.75.

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In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,605 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the transaction, the vice president now owns 19,660 shares in the company, valued at approximately $739,412.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Lynne P. Mcghee sold 1,079 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total transaction of $39,858.26. Following the transaction, the vice president now owns 18,581 shares in the company, valued at approximately $686,382.14. The disclosure for this sale can be found here. 0.97% of the stock is currently owned by corporate insiders.

About California Water Service Group Holding

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.

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

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