Press coverage about California Water Service Group Holding (NYSE:CWT) has been trending positive this week, AlphaOne reports. The research firm, a subsidiary of Accern, identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. California Water Service Group Holding earned a news sentiment score of 0.25 on AlphaOne’s scale. AlphaOne also assigned news coverage about the utilities provider an impact score of 43 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Alpha One Sentiment Analysis’s analysis:
- California Water Service : Reaffirms Commitment to Community, Evaluating Additional Options for Elevated Tanks (4-traders.com)
- California Water Service : To Improve Water Supply Reliability With New Emergency Generator in Redwood Valley District (4-traders.com)
- California Water Service Engineering Expert to Present on Groundwater Challenges and Utility Planning at American Water Works Association Annual Conference (finance.yahoo.com)
- BidaskClub Upgrades California Water Service Group (CWT) to Buy (americanbankingnews.com)
- $163.25 Million in Sales Expected for California Water Service Group (CWT) This Quarter (americanbankingnews.com)
Several analysts have commented on CWT shares. Gabelli upgraded shares of California Water Service Group Holding from a “hold” rating to a “buy” rating in a research report on Thursday, February 16th. Zacks Investment Research upgraded shares of California Water Service Group Holding from a “sell” rating to a “hold” rating in a research report on Friday, February 24th. Wells Fargo & Company cut shares of California Water Service Group Holding from a “market perform” rating to an “underperform” rating in a research report on Friday, February 24th. They noted that the move was a valuation call. Finally, BidaskClub upgraded shares of California Water Service Group Holding from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. California Water Service Group Holding currently has an average rating of “Hold” and a consensus price target of $33.20.
Shares of California Water Service Group Holding (NYSE CWT) traded up 0.27% during trading on Friday, hitting $37.45. 438,291 shares of the stock traded hands. California Water Service Group Holding has a 1-year low of $29.25 and a 1-year high of $39.40. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 35.67 and a beta of 0.70. The firm has a 50-day moving average of $35.20 and a 200-day moving average of $34.99.
California Water Service Group Holding (NYSE:CWT) last announced its earnings results on Thursday, April 27th. The utilities provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the business earned ($0.02) EPS. California Water Service Group Holding’s quarterly revenue was up .3% on a year-over-year basis. On average, equities analysts forecast that California Water Service Group Holding will post $1.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, May 4th. California Water Service Group Holding’s dividend payout ratio (DPR) is currently 68.57%.
In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.90, for a total value of $35,900.00. Following the completion of the sale, the vice president now directly owns 13,574 shares of the company’s stock, valued at $487,306.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Positive Press Coverage Somewhat Unlikely to Affect California Water Service Group Holding (CWT) Share Price” was published by WKRB News and is the property of of WKRB News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.wkrb13.com/markets/2229291/positive-press-coverage-somewhat-unlikely-to-affect-california-water-service-group-holding-cwt-share-price.html.
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2229291/positive-press-coverage-somewhat-unlikely-to-affect-california-water-service-group-holding-cwt-share-price.html
Receive News & Ratings for California Water Service Group Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Water Service Group Holding and related companies with MarketBeat.com's FREE daily email newsletter.