Thomas Krummel Sells 3,700 Shares of California Water Service Group (NYSE:CWT) Stock

California Water Service Group (NYSE:CWT) Director Thomas Krummel sold 3,700 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $50.37, for a total transaction of $186,369.00. Following the completion of the sale, the director directly owned 20,104 shares in the company, valued at approximately $1,012,638.48. This represents a 15.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

California Water Service Group Stock Up 0.6%

California Water Service Group stock traded up $0.31 during mid-day trading on Friday, reaching $50.50. The company’s stock had a trading volume of 393,491 shares, compared to its average volume of 485,121. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 1.77 and a beta of 0.50. The business’s 50 day simple moving average is $48.87 and its 200 day simple moving average is $46.30. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 0.70. California Water Service Group has a 12 month low of $41.29 and a 12 month high of $53.82.

California Water Service Group (NYSE:CWT) last released its earnings results on Thursday, July 30th. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. California Water Service Group had a return on equity of 7.74% and a net margin of 12.63%.The business had revenue of $308.60 million for the quarter, compared to the consensus estimate of $283.50 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. California Water Service Group’s quarterly revenue was up 16.5% on a year-over-year basis. As a group, research analysts anticipate that California Water Service Group will post 2.57 earnings per share for the current year.

California Water Service Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Monday, August 10th will be paid a $0.335 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.34 annualized dividend and a dividend yield of 2.7%. California Water Service Group’s dividend payout ratio (DPR) is currently 60.36%.

Institutional Investors Weigh In On California Water Service Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in California Water Service Group by 8.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,341 shares of the utilities provider’s stock worth $2,294,000 after acquiring an additional 3,810 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in California Water Service Group by 21.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 311,502 shares of the utilities provider’s stock valued at $15,095,000 after purchasing an additional 54,277 shares during the period. Jane Street Group LLC acquired a new position in shares of California Water Service Group during the 1st quarter worth approximately $5,979,000. Focus Partners Wealth grew its position in shares of California Water Service Group by 432.4% during the 1st quarter. Focus Partners Wealth now owns 27,161 shares of the utilities provider’s stock worth $1,316,000 after purchasing an additional 22,059 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in shares of California Water Service Group by 16.4% during the first quarter. Intech Investment Management LLC now owns 28,810 shares of the utilities provider’s stock worth $1,396,000 after purchasing an additional 4,055 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Robert W. Baird set a $54.00 target price on California Water Service Group in a report on Friday, May 1st. Weiss Ratings raised shares of California Water Service Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $53.00 price objective on shares of California Water Service Group in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $54.00.

More California Water Service Group News

Here are the key news stories impacting California Water Service Group this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $2.61 from $2.56, above the current consensus estimate of $2.55. The firm also increased its FY2027 forecast to $2.72 from $2.71, Q2 2027 EPS to $0.83 from $0.75, and Q4 2026 EPS to $0.39 from $0.37. These revisions point to improving longer-term earnings expectations.
• Neutral Sentiment: Zacks maintained a forecast of $2.72 EPS for FY2027 in its estimate updates and projected $0.31 EPS for Q1 2028. The overall revisions were mixed rather than a broad upgrade, leaving investors to balance stronger annual forecasts against weaker individual quarters.
• Negative Sentiment: Zacks cut its Q3 2026 EPS estimate to $1.22 from $1.33, Q1 2027 to $0.26 from $0.31, Q3 2027 to $1.31 from $1.37, and Q1 2028 to $0.31 from $0.35. The reductions imply some pressure on earnings in upcoming reporting periods.

About California Water Service Group

California Water Service Group (NYSE: CWT) is a publicly traded holding company that provides regulated water utility services through its subsidiaries. The company delivers safe, reliable drinking water and wastewater management to residential, commercial, industrial and municipal customers across California, Hawaii and New Mexico. Its principal operating units include California Water Service, New Mexico Water Service and Hawaii Water Service, each responsible for end‐to‐end water supply operations—from source development and treatment to distribution and customer service.

Founded in 1926 as the California Water Service Company, the group has grown to become one of the largest investor‐owned water utilities in the United States by customer count.