California Water Service director Krummel sells $186,350 in shares

On August 13, 2026, Thomas M. Krummel, a director at California Water Service Group (NYSE:CWT), sold 3,700 shares of the company's common stock, amounting to $186,350. The shares were sold at $50.365 per share, nearly the current trading price of $50.40. Despite the shares being above the company's fair value according to InvestingPro analysis, Krummel's stake in the company remains significant, with him currently owning 20,103.922 shares.

The company has a history of consistent dividend payments for 56 years, currently offering a yield of 2.66%.

In addition to Krummel's sale, California Water Service Group reported robust second-quarter 2026 results. The company reported earnings of $0.93 per share, exceeding analysts' estimates of $0.82 per share. Revenue also surpassed expectations, reaching $308.6 million compared to the projected $278.2 million. This strong performance was attributed to a delayed rate case decision in California and the recovery of retroactive revenue.

Earnings per share increased by 31% year-over-year, while revenue rose by 16.4%. These achievements underscore the company's solid financial health.