Headlines about California Water Service Group Holding (NYSE:CWT) have been trending very positive on Monday, Alpha One Sentiment Analysis reports. Alpha One, a unit of Accern, identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. California Water Service Group Holding earned a coverage optimism score of 0.53 on Alpha One’s scale. Alpha One also gave headlines about the utilities provider an impact score of 45 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
California Water Service Group Holding (NYSE CWT) traded down 1.07% during midday trading on Monday, hitting $37.05. The company had a trading volume of 41,882 shares. The stock has a 50 day moving average of $35.20 and a 200 day moving average of $34.99. California Water Service Group Holding has a 52-week low of $29.25 and a 52-week high of $39.40. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 35.29 and a beta of 0.70.
California Water Service Group Holding (NYSE:CWT) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.03. California Water Service Group Holding had a return on equity of 7.79% and a net margin of 8.30%. The firm had revenue of $122.04 million for the quarter, compared to the consensus estimate of $128.30 million. During the same period in the previous year, the firm earned ($0.02) EPS. California Water Service Group Holding’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts anticipate that California Water Service Group Holding will post $1.30 EPS for the current year.
A number of brokerages have recently issued reports on CWT. Wells Fargo & Company lowered California Water Service Group Holding from a “market perform” rating to an “underperform” rating in a research note on Friday, February 24th. They noted that the move was a valuation call. Zacks Investment Research raised California Water Service Group Holding from a “sell” rating to a “hold” rating in a research note on Friday, February 24th. BidaskClub raised California Water Service Group Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Finally, Gabelli downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $33.20.
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In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $35.90, for a total value of $35,900.00. Following the transaction, the vice president now owns 13,574 shares of the company’s stock, valued at $487,306.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.
About California Water Service Group Holding
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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