Somewhat Favorable Media Coverage Somewhat Unlikely to Affect California Water Service Group (CWT) Share Price
News stories about California Water Service Group (NYSE:CWT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. California Water Service Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 45.9185432315262 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CWT has been the subject of a number of analyst reports. Zacks Investment Research raised California Water Service Group from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Friday, October 27th. Robert W. Baird reissued a “hold” rating and set a $35.00 price objective on shares of California Water Service Group in a report on Sunday, September 3rd. Finally, Barclays lifted their price objective on California Water Service Group from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.75.
Shares of California Water Service Group (NYSE CWT) opened at $43.75 on Friday. California Water Service Group has a 12 month low of $32.45 and a 12 month high of $46.15. The firm has a market capitalization of $2,100.00, a price-to-earnings ratio of 30.88, a PEG ratio of 6.01 and a beta of 0.74. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 0.76.
California Water Service Group (NYSE:CWT) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. California Water Service Group had a return on equity of 10.31% and a net margin of 10.46%. The company had revenue of $211.70 million during the quarter, compared to analyst estimates of $203.00 million. During the same period last year, the company posted $0.48 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. sell-side analysts predict that California Water Service Group will post 1.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a $0.18 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. California Water Service Group’s dividend payout ratio (DPR) is presently 50.35%.
In other news, VP Lynne P. Mcghee sold 1,079 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $36.94, for a total value of $39,858.26. Following the completion of the sale, the vice president now directly owns 18,581 shares in the company, valued at $686,382.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.00% of the company’s stock.
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About California Water Service Group
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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