California Water Service Group (CWT) Files Form 4 Insider Selling : Michael B Luu Sells 849 Shares

California Water Service Group (CWT): Michael B Luu , VP, Customer Service & IT of California Water Service Group sold 849 shares on May 5, 2016. The Insider selling transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were sold at $28.68 per share for a total value of $24,353.65 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Lynne P Mcghee (VP, General Counsel) sold 6,000 shares at $26.04 per share price.On Jan 12, 2016, George A Vera (director) purchased 4 shares at $23.59 per share price.Also, On Aug 18, 2015, Ronald D Webb (VP, Human Resources) purchased 1,000 shares at $22.28 per share price.On Aug 11, 2015, Peter C Nelson (director) sold 9,300 shares at $21.18 per share price.

California Water Service Group: On Wednesday, May 4, 2016 heightened volatility was witnessed in California Water Service Group which led to swings in the share price. The shares opened for trading at $28.52 and hit $29.075 on the upside , eventually ending the session at $28.99, with a gain of 1.68% or 0.48 points. The heightened volatility saw the trading volume jump to 3,34,627 shares. The 52-week high of the share price is $29.075 and the company has a market cap of $1,391 M . The 52-week low of the share price is at $19.55.

California Water Service Group Money Flow Index Chart

Company has been under the radar of several Street Analysts.California Water Service Group is Initiated by Barclays to Equal Weight and the brokerage firm has set the Price Target at $29. The Rating was issued on Apr 4, 2016.California Water Service Group is Downgraded by Gabelli & Co to Hold and the brokerage firm has set the Price Target at $31. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 7, 2016.California Water Service Group is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 24 from a previous price target of $26 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Feb 26, 2016.

California Water Service Group is a holding company. The Company through its wholly owned subsidiaries provides water utility and other related services in California Washington New Mexico and Hawaii. It operates through six operating subsidiaries: 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 (collectively Utility Services). Utility Services provides non-regulated services to private companies and municipalities. Its 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. Its non-regulated services include full water system operation billing and meter reading services.

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