The most recent report that the company submitted to the Securities and Exchange Commission revealed that Strs Ohio’s holdings in California Water Service Group (NYSE: CWT) increased by 468.2% during the third quarter. (SEC). After making additional purchases amounting to 10,300 shares throughout the period in question, the company ultimately wound up with 12,500 shares of the stock held by the utility provider. At the end of the most recent reporting period, Strs Ohio held shares in California Water Service Group worth $658.00.
Over the past few months, several other hedge funds have bought and sold company shares. During the third quarter of the fiscal year, Wipfli Financial Advisors LLC purchased a new stake in California Water Service Group. Approximately $27,000 is considered to be the value of the investment. During the second quarter, Venture Visionary Partners LLC invested in California Water Service Group, which resulted in the acquisition of an additional position with a value of approximately $40,000. After the second quarter, the number of shares of California Water Service Group that EverSource Wealth Advisors LLC owned had increased by 731.3 percent from the beginning of the quarter. After purchasing an additional 936 shares during the relevant period, EverSource Wealth Advisors LLC now has 1,064 shares of the utility’s stock, currently valued at $60,000. This brings the total value of their stock holdings to $60,000; Whittier Trust Company of Nevada Inc. increased its stake in California Water Service Group by purchasing approximately 69,000 dollars’ worth of additional shares during the company’s second fiscal quarter. And finally, but certainly not least, during the second quarter, Captrust Financial Advisors increased the amount of California Water Service Group stock held by 6.8%, making it the final point. Following the conclusion of 205 share transactions that occurred throughout the period above, Captrust Financial Advisors now possesses 3,208 shares of the stock that the utility provider holds. The current value of these shares is $178.00 (up from $2,020 previously). Most of the company’s shares (79.01%) are held by institutional investors and hedge funds, which comprise the company’s ownership.
There have been multiple instances where research analysts have expressed their opinions on the CWT stock. Wells Fargo & Company disclosed, on Wednesday, December 14, in a research report made available to the public, that they had increased their target price for California Water Service Group to $63.00. A report on the California Water Service Group was compiled by the UBS Group and released on November 30. The report’s subject was the California Water Service Group. They gave the company a ” neutral rating,” and they decided that the price goal should be $67.0. In a research note published on October 31, StockNews.com announced that they had upgraded their previous recommendation for California Water Service Group from “sell” to “hold.”
When trading started on Wednesday, the price of a share of stock in California Water Service Group was $62.53 each. An equity-to-debt ratio comes in at 0.82; a quick ratio at 1.02; a current ratio at 1.05; and so on. The company’s market capitalization is $3.43 billion, and it has a price-to-earnings ratio of 42.25. The beta of the company is 0.45. The moving average price of the stock over the previous 200 days is $59.61, while the moving average price over the previous 50 days is $62.57. The monthly cost of the California Water Service Group can range anywhere from $48.46 to $66.12 over an entire year.
On Thursday, October 27, the most recent quarterly earnings report for California Water Service Group (NYSE: CWT) was made available to the general public. The provider of utility services reported earnings per share for the quarter of $1.03, which is $0.13 less than the consensus estimate of $1.16. The actual quarterly sales for the company came in at $266.31 million, which is substantially higher than the estimate of $255.00 million that industry professionals provided. The return on equity for California Water Service Group was 6.61 percent, and the company’s net margin was 9.76 percent. Equity research analysts anticipate that California Water Service Group will generate earnings of 1.6 cents per share during the current fiscal year. These earnings will be distributed to shareholders as a dividend.
In addition, on November 18, the company announced the distribution of a quarterly dividend, which was paid out on the same day. On Monday, November 7, a dividend payment of $0.25 was made to stockholders who still possessed their shares. This payment was made to stockholders who still owned their shares. This payment will be deducted from customer accounts on Friday, November 4, the date that has been determined. This results in a dividend payment of one dollar yearly and a yield of 1.60 percent. This brings California Water Service Group’s dividend payout ratio (DPR) up to its current level of 67.57%.
On December 13, a corporate director named Thomas M. Krummel completed the sale of 469 shares of the company’s stock. This piece of information is relevant to this topic. It came out to an average price of $64.89 per share when the stock was sold, which brought in a total of $30,433.41 for the transaction. The director now directly owns 28,636 shares of the company, which have an approximate value of $1,858,190.04 as a result of the transaction. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link. On December 13, a corporate director named Thomas M. Krummel completed the sale of 469 shares of the company’s stock. This piece of information is relevant to this topic. It came out to an average price of $64.89 per share when the stock was sold, which brought in a total of $30,433.41 for the transaction. The director now directly owns 28,636 shares of the company, which have an approximate value of $1,858,190.04 as a result of the transaction. You can read the transaction’s legal document submitted to the Securities and Exchange Commission by clicking on the link.
Additionally, on November 30, Thomas M. Krummel, a company director, sold 1,529 shares of the company’s stock. This transaction took place on Wednesday. The number of shares sold in total came to 96,204.68, and the price paid on average for each share was $62.92. Following the successful completion of the transaction, the director is now the direct owner of 29,105 company shares with a combined value of $1,831,286.60. Disclosures that are related to the sale might be found in this section of the website. Insiders have generated a total of $156,572 in sales for the company over the past three months by selling 2,498 shares of company stock. Business insiders on the total number of shares of stock owned by the company to the extent of 0.97%.