On November 22, 2024, Michael Luu, Senior Vice President of Corporate Services and Chief Risk Officer at California Water Service Group, sold 985 shares of the company. Following this transaction, the insider now owns 20,354.07 shares of the company. The transaction details can be found in the SEC Filing.
California Water Service Group (CWT, Financial) is the third-largest publicly traded water utility in the United States. The company provides water utility services to approximately 2 million people in California, Washington, New Mexico, and Hawaii. The company is committed to providing high-quality water and wastewater services to its customers.
The insider transaction history for California Water Service Group indicates that there have been no insider buys over the past year, while there have been 11 insider sells during the same period. This trend suggests a pattern of selling among insiders.
On the day of the recent transaction, shares of California Water Service Group were trading at $51.5, giving the stock a market cap of $3.091 billion. The company's price-earnings ratio is 14.98, which is lower than the industry median of 15.29 and also lower than the company's historical median price-earnings ratio.
With a trading price of $51.5 and a GuruFocus Value of $63.70, California Water Service Group has a price-to-GF-Value ratio of 0.81. This indicates that the stock is modestly undervalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow. It also considers a GuruFocus adjustment factor based on the company's past returns and growth, as well as future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
