Yousif Capital Management LLC Reduces Holdings in California Water Service Group
August 8, 2023
🌥️Trending News
Yousif Capital Management LLC has recently reported that they have reduced their holdings in the California Water Service ($NYSE:CWT) Group. This disclosure was made through their Form 13F filing with the U.S. Securities and Exchange Commission. California Water Service Group is a publicly traded company that provides water and wastewater services to over four hundred thousand customers throughout the state of California. They are one of the largest investor-owned water utilities in the United States. The California Water Service Group is known for their commitment to delivering safe and reliable water and wastewater services to their customers.
They strive to provide excellent customer service and ensure that their customers receive water and wastewater services that are both high quality and cost-effective. The company also places a strong emphasis on environmental stewardship and is dedicated to protecting the environment within their service areas. This change could potentially signal changes in the company’s stock price, but the long-term effects remain uncertain. Given California Water Service Group’s long-standing commitment to providing reliable and affordable water and wastewater services, it seems likely that they will remain a strong and successful company despite recent developments.
Market Price
On Thursday, CALIFORNIA WATER SERVICE stock opened at $51.9 and closed at $51.0, marking a decrease of 2.2% from the prior closing price of 52.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for CWT. More…
| Total Revenues | Net Income | Net Margin |
| 792.39 | 62.79 | 7.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for CWT. More…
| Operations | Investing | Financing |
| 191.38 | -361.91 | 195.96 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for CWT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.99k | 2.6k | 24.08 |
Key Ratios Snapshot
Some of the financial key ratios for CWT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.7% | -0.2% | 14.2% |
| FCF Margin | ROE | ROA |
| -21.3% | 5.2% | 1.8% |
Analysis
We at GoodWhale recently performed an analysis of CALIFORNIA WATER SERVICE’s wellbeing. Upon completion of our analysis, we classified CALIFORNIA WATER SERVICE as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This will make them attractive to investors who are looking for a steady flow of income from their investments. According to our Star Chart, CALIFORNIA WATER SERVICE is strong in dividend, medium in asset, profitability and weak in growth. They also have an intermediate health score of 5/10 with regard to its cashflows and debt. This indicates that the company is able to pay off its debt and fund future operations. Overall, CALIFORNIA WATER SERVICE is a company that offers investors a long-term, steady income from their investments. As such, investors who are looking for a safe, reliable and consistent source of income would be best suited to invest in CALIFORNIA WATER SERVICE. More…
Peers
In recent years, the water utility industry has seen increased competition, particularly in the state of California. California Water Service Group, the largest water utility in the state, has been facing increased competition from American States Water Co, Artesian Resources Corp, and Torrington Water Co Inc. While California Water Service Group has historically been the dominant player in the state, these other companies have been making inroads, particularly in the commercial and industrial sectors.
– American States Water Co ($NYSE:AWR)
American States Water Co is a publicly traded water and wastewater utility company. Headquartered in San Dimas, California, the company serves approximately 4 million people in 25 states. American States Water Co. is the holding company for Golden State Water Company and American States Utility Services, Inc.
The company’s ROE of 12.01% is slightly below the industry average of 12.36%. However, its market cap of 2.99B is well above the industry average of 1.79B. This indicates that investors believe American States Water Co is a relatively safe and stable investment.
American States Water Co’s main business is providing water and wastewater services to residential, commercial, and industrial customers. The company also owns and operates a number of hydroelectric power plants.
– Artesian Resources Corp ($NASDAQ:ARTNA)
Artesian Resources Corporation is a holding company that provides water, wastewater, and related services on the Delmarva Peninsula through its operating subsidiaries. The company’s operating subsidiaries include Artesian Water Company, Inc., Artesian Wastewater Management, Inc., and Artesian Customized Utility Solutions, Inc. Artesian Resources has a market cap of 474.4M as of 2022 and a Return on Equity of 10.87%. The company’s main business is providing water, wastewater, and related services to customers on the Delmarva Peninsula. Artesian Customized Utility Solutions provides water and wastewater solutions to customers in the mid-Atlantic region.
Summary
California Water Service Group (CWT) has seen a decline in its holdings from Yousif Capital Management LLC. This decrease in holdings may signal a decrease in confidence in CWT as an investment opportunity. Investors should take this into account when considering an investment in CWT. Furthermore, investors should analyze the current financial performance of CWT, as well as its potential for future growth to see if it is still a viable opportunity.
Additionally, investors should compare CWT’s performance to that of its peers in the industry to get a clearer picture of its potential. It is important for investors to thoroughly research an investment before making any decisions.
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