California Water Service Group Holding (NYSE:CWT) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $31.67.

A number of analysts recently issued reports on CWT shares. BidaskClub raised California Water Service Group Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research cut California Water Service Group Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. US Capital Advisors reissued a “hold” rating on shares of California Water Service Group Holding in a research note on Monday, July 17th. Finally, Robert W. Baird reissued a “hold” rating and set a $35.00 target price on shares of California Water Service Group Holding in a research note on Sunday, September 3rd.

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California Water Service Group Holding (CWT) opened at 37.70 on Friday. California Water Service Group Holding has a 12 month low of $29.25 and a 12 month high of $39.65. The company’s 50-day moving average is $37.84 and its 200-day moving average is $36.37. The stock has a market capitalization of $1.81 billion, a P/E ratio of 31.42 and a beta of 0.70.

California Water Service Group Holding (NYSE:CWT) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The business had revenue of $171.10 million during the quarter, compared to analysts’ expectations of $162.23 million. During the same period in the prior year, the business earned $0.24 EPS. California Water Service Group Holding’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts anticipate that California Water Service Group Holding will post $1.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. California Water Service Group Holding’s payout ratio is 60.00%.

Institutional investors and hedge funds have recently modified their holdings of the company. LS Investment Advisors LLC grew its stake in shares of California Water Service Group Holding by 62.5% during the 1st quarter. LS Investment Advisors LLC now owns 2,782 shares of the utilities provider’s stock worth $100,000 after acquiring an additional 1,070 shares in the last quarter. Accurate Investment Solutions Inc. grew its stake in shares of California Water Service Group Holding by 0.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 8 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of California Water Service Group Holding during the 1st quarter worth approximately $149,000. Riverhead Capital Management LLC grew its stake in shares of California Water Service Group Holding by 66.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock worth $153,000 after acquiring an additional 1,661 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of California Water Service Group Holding by 5.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the utilities provider’s stock worth $164,000 after acquiring an additional 225 shares in the last quarter. 68.73% of the stock is owned by institutional investors.

California Water Service Group Holding Company Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

Analyst Recommendations for California Water  Service Group Holding (NYSE:CWT)

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