The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
California Water Service Group (NYSE: CWT) closed the day trading at $50.05 down -0.87% from the previous closing price of $50.49. In other words, the price has decreased by -$0.87 from its previous closing price. On the day, 0.56 million shares were traded. CWT stock price reached its highest trading level at $50.61 during the session, while it also had its lowest trading level at $49.655.
Ratios:
For a better understanding of CWT, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.60. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.68.
On January 07, 2025, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also lowered its target price recommendation from $56 to $52.
On December 11, 2024, BofA Securities started tracking the stock assigning a Buy rating and target price of $57.BofA Securities initiated its Buy rating on December 11, 2024, with a $57 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when Luu Michael B sold 985 shares for $51.50 per share. The transaction valued at 50,728 led to the insider holds 20,354 shares of the business.
Luu Michael B bought 985 shares of CWT for $50,727 on Nov 22 ’24. On Sep 04 ’24, another insider, Krummel Thomas M, who serves as the Director of the company, sold 555 shares for $55.09 each. As a result, the insider received 30,575 and left with 21,951 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CWT now has a Market Capitalization of 2981483520 and an Enterprise Value of 4325786624. As of this moment, California’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.33, and their Forward P/E ratio for the next fiscal year is 19.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.87 while its Price-to-Book (P/B) ratio in mrq is 1.82. Its current Enterprise Value per Revenue stands at 4.172 whereas that against EBITDA is 10.528.
Stock Price History:
The Beta on a monthly basis for CWT is 0.67, which has changed by 0.044231176 over the last 52 weeks, in comparison to a change of 0.07545352 over the same period for the S&P500. Over the past 52 weeks, CWT has reached a high of $56.20, while it has fallen to a 52-week low of $41.60. The 50-Day Moving Average of the stock is 5.39%, while the 200-Day Moving Average is calculated to be 0.68%.
Shares Statistics:
Over the past 3-months, CWT traded about 397.01K shares per day on average, while over the past 10 days, CWT traded about 427710 shares per day. A total of 59.48M shares are outstanding, with a floating share count of 58.97M. Insiders hold about 0.88% of the company’s shares, while institutions hold 83.85% stake in the company. Shares short for CWT as of 1743379200 were 744133 with a Short Ratio of 1.87, compared to 1740700800 on 819060. Therefore, it implies a Short% of Shares Outstanding of 744133 and a Short% of Float of 1.7999999999999998.
Dividends & Splits
CWT’s forward annual dividend rate is 1.14, up from 1.12 a year ago. Against a Trailing Annual Dividend Yield of 0.02218261The stock’s 5-year Average Dividend Yield is 1.84. The current Payout Ratio is 34.42% for CWT, which recently paid a dividend on 2025-02-10 with an ex-dividend date of 1739145600. Stock splits for the company last occurred on 2011-06-13 when the company split stock in a 2:1 ratio.
