California Water Service Group (CWT) Announces Quarterly Dividend of $0.16
California Water Service Group (NYSE:CWT) announced a quarterly dividend on Wednesday, January 29th, AnalystRatings.Net reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.1625 per share on Friday, February 21st. This represents a $0.65 annualized dividend and a dividend yield of 2.86%.
A number of research firms have recently commented on CWT. Analysts at Zacks downgraded shares of California Water Service Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $24.40 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of California Water Service Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 31st. They now have a $25.00 price target on the stock, up previously from $23.00. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.13.
Shares of California Water Service Group (NYSE:CWT) traded down 1.48% on Wednesday, hitting $22.71. The stock had a trading volume of 177,477 shares. California Water Service Group has a 1-year low of $18.54 and a 1-year high of $23.72. The stock’s 50-day moving average is $22.54 and its 200-day moving average is $21.43. The company has a market cap of $1.084 billion and a P/E ratio of 22.34.
California Water Service Group is a holding company. The Company operates California Water Service Company (NYSE:CWT), 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 are collectively called Utility Services.
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