California Water Service Group Holding (NYSE:CWT) has received a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $33.00.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded California Water Service Group Holding from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. 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. Barclays PLC upped their price target on California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, September 22nd. Finally, US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th.

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Shares of California Water Service Group Holding (NYSE:CWT) opened at 39.65 on Wednesday. The company has a market cap of $1.90 billion, a P/E ratio of 33.04 and a beta of 0.70. The company’s 50-day moving average price is $37.61 and its 200-day moving average price is $36.68. California Water Service Group Holding has a 12 month low of $29.25 and a 12 month high of $39.85.

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

In related news, VP Lynne P. Mcghee sold 1,079 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total transaction of $39,858.26. Following the completion of the transaction, the vice president now owns 18,581 shares in the company, valued at $686,382.14. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lynne P. Mcghee sold 1,605 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.61, for a total transaction of $60,364.05. Following the transaction, the vice president now owns 19,660 shares of the company’s stock, valued at approximately $739,412.60. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of CWT. Accurate Investment Solutions Inc. raised its stake in California Water Service Group Holding by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock valued at $107,000 after buying an additional 8 shares in the last quarter. Creative Planning boosted its position in shares of California Water Service Group Holding by 0.4% during the 2nd quarter. Creative Planning now owns 9,946 shares of the utilities provider’s stock worth $366,000 after acquiring an additional 43 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of California Water Service Group Holding by 1.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the utilities provider’s stock worth $393,000 after acquiring an additional 180 shares in the last quarter. Amalgamated Bank boosted its position in shares of California Water Service Group Holding by 3.3% during the 2nd quarter. Amalgamated Bank now owns 6,621 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 209 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position 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. 68.69% of the stock is currently owned by hedge funds and other 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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