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 California Water Service Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $50.37, for a total value of $186,369.00. Following the completion of the transaction, the director directly owned 20,104 shares of the company’s stock, valued at approximately $1,012,638.48. This trade represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

California Water Service Group Stock Up 0.6%

Shares of NYSE:CWT opened at $50.50 on Friday. California Water Service Group has a 1 year low of $41.29 and a 1 year high of $53.82. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.70 and a quick ratio of 0.67. The business’s 50-day moving average is $48.96 and its 200-day moving average is $46.33. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 1.79 and a beta of 0.50.

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

California Water Service Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Monday, August 10th will be issued a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. California Water Service Group’s dividend payout ratio is presently 60.36%.

Wall Street Analysts Forecast Growth

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

California Water Service Group News Roundup

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.

Institutional Investors Weigh In On California Water Service Group

A number of hedge funds have recently added to or reduced their stakes in CWT. Freestone Grove Partners LP acquired a new position in shares of California Water Service Group during the second quarter worth approximately $1,554,000. Jupiter Topco LLC bought a new position in shares of California Water Service Group in the 2nd quarter worth $1,260,000. Canada Pension Plan Investment Board acquired a new stake in California Water Service Group in the 2nd quarter valued at $336,000. Legal & General Group Plc acquired a new stake in California Water Service Group in the 2nd quarter valued at $39,285,000. Finally, The Manufacturers Life Insurance Company bought a new stake in California Water Service Group during the 2nd quarter valued at $1,407,000. Institutional investors and hedge funds own 82.78% of the company’s stock.

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.