The stock of California Water Service Group (NYSE:CWT) last traded at $44.48, down -0.60% from the previous session.
CWT stock price is now -7.39% away from the 50-day moving average and -11.70% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
With the price target reduced from $56 to $52, Wells Fargo Upgraded its rating from Equal Weight to Overweight for California Water Service Group (NYSE: CWT). On December 11, 2024, BofA Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $57, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Luu Michael B, Sr. VP Corp Svcs & Chief Risk sold 985 shares of the company’s stock on Nov 22 ’24. The stock was sold for $50,728 at an average price of $51.50. Upon completion of the transaction, the Sr. VP Corp Svcs & Chief Risk now directly owns 20,354 shares in the company, valued at $0.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Officer Luu Michael B bought 985 shares of the business’s stock. A total of $50,727 was incurred on buying the stock at an average price of $51.50. A total of 0.77% of the company’s stock is owned by insiders.
During the past 12 months, California Water Service Group has had a low of $41.64 and a high of $56.25. As of last week, the company has a debt-to-equity ratio of 0.81, a current ratio of 0.64, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $3901334016, which is based on a 12.87 price-to-earnings ratio, a 0.30 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for CWT is $48.0314 and a two-hundred day moving average price translates $50.3718 for the stock.
The latest earnings results from California Water Service Group (NYSE: CWT) was released for 2024-09-30. The net profit margin was 19.56% and return on equity was 13.25% for CWT. The company reported revenue of $299.56 million for the quarter, compared to $254.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.49 percent.
