California Water Service Group shares had a trading volume of 81K by the end of trading on Thursday. Shares saw a steep decrease in trading volume of 80.72% under the normal average daily volume.
Traders are feeling more bullish on California Water Service Group of late if you watch the change in short interest. The firm experienced a fall in short interest of -4.05% as of the latest report on August 15, 2017. Short interest decreased 46,091 over that timeframe. The short-interest ratio increased to 9.0 and the percentage of shorted shares is 0.02% as of August 15.
These funds have shifted positions in (CWT). Forsta Ap-fonden added to its holdings by buying 65,600 shares an increase of 299.5% from 03/31/2017 to 06/30/2017. Forsta Ap-fonden claims 87,500 shares with a value of $3,220,000. The total value of its holdings increased 310.2%. Gierl Augustine Investment Management Inc grew its ownership by buying 8 shares an increase of 0.3% in the quarter. Gierl Augustine Investment Management Inc currently owns 2,917 shares worth $107,000. The value of the position overall is up by 2.9%.
As of quarter end Bruderman Asset Management, LLC had bought 1,443 shares growing its stake by 135.6%. The value of the company’s investment in California Water Service Group went from $36,000 to $92,000 a change of 155.6% for the reporting period. Ubs Group Ag divested its stake by selling 64,853 shares a decrease of 98.2% as of 06/30/2017. Ubs Group Ag now controls 1,210 shares valued at $45,000. The value of the position overall is down by 98.1%.
The company is now down by 0.41%% since yesterday’s close of 37. The company also recently declared a dividend for shareholders paid on Friday the 19th of May 2017. The dividend was $0.180 per share for the quarter or $0.72 on an annualized basis. This dividend represents a yeild of $1.95 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 3rd of August 2017.
Company chares are trading at $36.85 marginally under $37.77, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $36.39. The 50 day moving average was down by -2.44% and the 200 day average was up $0.46.
The company’s P/E ratio is 30.71 and the market cap of the company is 1.77B. As of the last earnings report the EPS was $1.20 and is projected to be $1.31 for the current year with 48,018,000 shares outstanding. Next quarter’s EPS is forecasted at $0.25 with next year’s EPS anticipated to be $1.39.
California Water Service Group, launched on August 2, 1999, 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. The bulk of the business consists of the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The non-regulated services include water system operation, billing and meter reading services. Non-regulated operations also include the lease of communication antenna sites, lab services and promotion of other non-regulated services. Its subsidiaries include California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water) and CWS Utility Services and HWS Utility Services LLC..