Somewhat Favorable News Coverage Somewhat Unlikely to Affect California Water Service Group (CWT) Share Price
Media headlines about California Water Service Group (NYSE:CWT) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. California Water Service Group earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.3910901863151 out of 100, indicating 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 headlines that may have effected Accern Sentiment Analysis’s analysis:
- Comparing California Water Service Group (CWT) & Its Peers (americanbankingnews.com)
- California Water Service Group (CWT) Upgraded to “Buy” at ValuEngine (americanbankingnews.com)
- Financial Review: California Water Service Group (CWT) and Its Peers (americanbankingnews.com)
- [$$] California Needs a Better Approach to Water (finance.yahoo.com)
- California Water Service Group (CWT) VP Sells $36,740.00 in Stock (americanbankingnews.com)
A number of analysts recently commented on CWT shares. Zacks Investment Research raised California Water Service Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 6th. Hilliard Lyons lowered California Water Service Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 17th. ValuEngine raised California Water Service Group from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Finally, UBS started coverage on California Water Service Group in a research note on Thursday, March 8th. They set a “sell” rating and a $34.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.25.
California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, March 1st. The utilities provider reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. California Water Service Group had a return on equity of 9.97% and a net margin of 10.07%. The business had revenue of $162.00 million for the quarter, compared to analyst estimates of $155.89 million. During the same quarter last year, the company earned $0.31 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts expect that California Water Service Group will post 1.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.95%. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, February 9th. California Water Service Group’s dividend payout ratio (DPR) is presently 53.57%.
In other California Water Service Group news, Director George A. Vera purchased 869 shares of the firm’s stock in a transaction on Tuesday, March 6th. The shares were purchased at an average cost of $35.40 per share, with a total value of $30,762.60. Following the purchase, the director now owns 41,509 shares in the company, valued at $1,469,418.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lynne P. Mcghee sold 1,000 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $36.74, for a total value of $36,740.00. Following the completion of the sale, the vice president now directly owns 20,179 shares in the company, valued at $741,376.46. The disclosure for this sale can be found here. Over the last three months, insiders acquired 874 shares of company stock worth $30,962. 0.97% of the stock is owned by corporate insiders.
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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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