California Water Service Group (NYSE: CWT) is 6.67% higher on its value in year-to-date trading and has touched a low of $43.50 and a high of $55.22 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CWT stock was last observed hovering at around $55.08 in the last trading session, with the day’s gains setting it 0.25%.
Currently trading at $55.33, the stock is 2.85% and 6.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.45% at the moment leaves the stock 11.93% off its SMA200. CWT registered 9.22% gain for a year compared to 6-month gain of 21.52%.
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The stock witnessed a 2.69% loss in the last 1 month and extending the period to 3 months gives it a 10.90%, and is 3.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.59% over the week and 1.82% over the month.
California Water Service Group (CWT) has around 1266 employees, a market worth around $3.26B and $984.54M in sales. Current P/E ratio is 18.30 and Fwd P/E is 23.35. Profit margin for the company is 17.78%. Distance from 52-week low is 27.20% and 0.21% from its 52-week high. The company has generated returns on investments over the last 12 months (6.74%).
The EPS is expected to grow by 228.94% this year.
California Water Service Group (CWT) Top Institutional Holders
430.0 institutions hold shares in California Water Service Group (CWT), with institutional investors hold 89.46% of the company’s shares. The shares outstanding are 58.83M, and float is at 58.32M with Short Float at 0.62%. Institutions hold 88.79% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.32 million shares valued at $500.39 million. The investor’s holdings represent 17.8746% of the CWT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.15 million shares valued at $$346.5 million to account for 12.3772 of the shares outstanding. The other top investors are T. ROWE PRICE INVESTMENT MANAGEMENT, INC. which holds 3.14 million shares representing 5.4382% and valued at over $152.24 million, while STATE STREET CORP holds 5.4201 of the shares totaling 3.13 million with a market value of $151.73 million.
California Water Service Group (CWT) Insider Activity
The most recent transaction is an insider sale by Krummel Thomas M,the company’sDirector. SEC filings show that Krummel Thomas M sold 555 shares of the company’s common stock on Aug 21 ’24 at a price of $54.33 per share for a total of $30153.0. Following the sale, the insider now owns 22506.0 shares.
California Water Service Group disclosed in a document filed with the SEC on Aug 07 ’24 that Krummel Thomas M (Director) sold a total of 555 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $52.91 per share for $29364.0. Following the transaction, the insider now directly holds 23061.0 shares of the CWT stock.
Still, SEC filings show that on Aug 07 ’24, Krummel Thomas M (Director) Proposed Sale 1,665 shares at an average price of $50.97 for $84864.0. The insider now directly holds shares of California Water Service Group (CWT).
