Insider Selling: California Water Service Group (NYSE:CWT) Director Sells $186,369.00 in Stock

California Water Service Group (NYSE:CWT) Director Thomas Krummel sold 3,700 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $50.37, for a total value 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 SEC, which is available at this hyperlink.

California Water Service Group Price Performance

NYSE:CWT traded up $0.31 during trading hours on Friday, hitting $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 P/E ratio of 22.75, a PEG ratio of 1.77 and a beta of 0.50. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.70 and a quick ratio of 0.67. California Water Service Group has a twelve month low of $41.29 and a twelve month high of $53.82. The stock has a fifty day simple moving average of $48.87 and a 200-day simple moving average of $46.30.

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

California Water Service Group Dividend Announcement

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CWT. Danske Bank A S acquired a new position in shares of California Water Service Group in the 3rd quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of California Water Service Group during the second quarter worth $33,000. Versant Capital Management Inc raised its stake in California Water Service Group by 228.2% during the second quarter. Versant Capital Management Inc now owns 676 shares of the utilities provider’s stock worth $33,000 after buying an additional 470 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in California Water Service Group by 109.9% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock worth $32,000 after buying an additional 365 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in California Water Service Group by 67.9% in the first quarter. Bessemer Group Inc. now owns 744 shares of the utilities provider’s stock valued at $34,000 after buying an additional 301 shares during the period. Institutional investors 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.