Jeffrey Kightlinger, Board Member at California Water Servs Gr (NYSE:CWT), reported an insider buy on March 7, according to a new SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, Kightlinger increased their investment in California Water Servs Gr by purchasing 2,477 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $112,381.
In the Friday's morning session, California Water Servs Gr's shares are currently trading at $46.57, experiencing a up of 0.71%.
Delving into California Water Servs Gr's Background
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
California Water Servs Gr's Financial Performance
Revenue Growth: California Water Servs Gr's remarkable performance in 3 months is evident. As of 31 December, 2023, the company achieved an ...