California Water Service Group VP sells shares worth $48,921

Investing.com · 2026-11-06 04:15 UTC

California Water Service Group VP sells shares worth $48,921

Gregory Dale Shimansky, Vice President of Rates & Regulatory Affairs at California Water Service Group (NYSE:CWT), sold 978.426 shares of common stock on November 4, 2026. The transaction totaled $48,921, with shares sold at a price of $50.00 each. The stock currently trades at $50.83, near its 52-week high of $53.82, and has delivered a strong 19.91% year-to-date return. According to InvestingPro analysis, CWT appears undervalued with a Fair Value of $53.05, placing it among opportunities on the Most Undervalued stocks list.

The disposed shares included those acquired through the company’s Employee Stock Purchase Plan (ESPP). Following this transaction, Mr. Shimansky directly holds 446 shares of California Water Service Group common stock. The company offers a 2.64% dividend yield and has raised its dividend for 34 consecutive years—one of 8+ InvestingPro Tips available for CWT. For deeper analysis, investors can access the comprehensive Pro Research Report covering this and 1,400+ US equities. The sale was executed as a single trade at the stated price.

In other recent news, California Water Service Group reported third-quarter earnings and revenue that fell short of Wall Street expectations. The company announced adjusted earnings of $1.05 per share, missing the consensus estimate of $1.16 per share. Revenue for the quarter was $332.2 million, which also did not meet forecasts. Despite these results, the company experienced year-over-year growth in its rate base. Investors appeared to focus on the utility’s steady growth and regulatory progress, leading to a positive reaction in after-hours trading. California Water Service Group has also increased its dividend, which may have contributed to investor optimism. These developments highlight the company’s ongoing efforts to improve its financial performance and regulatory standing.

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