News stories about California Water Service Group (NYSE:CWT) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. California Water Service Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.2797695525464 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
CWT has been the topic of several analyst reports. Zacks Investment Research cut California Water Service Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Hilliard Lyons cut California Water Service Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. California Water Service Group has an average rating of “Hold” and an average price target of $38.33.
California Water Service Group (NYSE CWT) traded up $0.55 during trading on Friday, reaching $37.85. The company’s stock had a trading volume of 624,529 shares, compared to its average volume of 520,301. California Water Service Group has a one year low of $32.75 and a one year high of $46.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.47. The firm has a market capitalization of $1,817.37, a PE ratio of 26.66, a PEG ratio of 4.44 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from California Water Service Group’s previous quarterly dividend of $0.18. This represents a $0.75 dividend on an annualized basis and a yield of 1.98%. California Water Service Group’s dividend payout ratio (DPR) is currently 50.70%.
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California Water Service Group Company Profile
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.
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