Insider Sale and Q2 Performance
On August 13, 2026, Thomas M. Krummel, a director of California Water Service Group (NYSE:CWT), sold 3,700 shares of the company’s common stock for a total consideration of $186,350, at a price of $50.365 per share, which was close to the market price of $50.40 at the time. Following the transaction, Mr. Krummel retained a direct holding of 20,103.922 shares. The company’s shares have delivered an 18.9% return year‑to‑date.
CWT also announced its second‑quarter 2026 financial results. The utility reported earnings of $0.93 per share, surpassing Wall Street’s consensus estimate of $0.82 per share, representing a 31% increase over the same quarter last year. Revenue for the quarter was $308.6 million, exceeding the projected $278.2 million and marking a 16.4% year‑over‑year rise. Management attributed the stronger performance to a delayed California rate‑case decision and retroactive revenue recovery.
The company highlighted its long‑standing dividend record, having paid dividends for 56 consecutive years, and currently offers a dividend yield of 2.66%.
This article was generated with AI assistance and reviewed by an editor.