California Water Service Group (CWT) Earns News Impact Rating of 0.29
Media headlines about California Water Service Group (NYSE:CWT) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. 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 earned a media sentiment score of 0.29 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.1327284192129 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- California Water Service (CWT) Raises Quarterly Dividend 4.2% to $0.1875; 1.8% Yield (streetinsider.com)
- California Water Service Group Board of Directors Declares 292nd Consecutive Quarterly Dividend and 51st Consecutive Annual Dividend Increase NYSE:CWT (menafn.com)
- California Water Service Group (CWT) Announces Dividend Increase – $0.19 Per Share (americanbankingnews.com)
- California Water Service Group (CWT) Expected to Announce Quarterly Sales of $154.85 Million (americanbankingnews.com)
Several analysts recently commented on CWT shares. 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. Hilliard Lyons lowered California Water Service Group from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 17th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. California Water Service Group currently has an average rating of “Hold” and an average price target of $38.33.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, February 9th. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.18. California Water Service Group’s payout ratio is currently 50.70%.
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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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