California Water Service Group Holding (NYSE:CWT) has been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The average twelve-month price objective among brokers 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 stock. Zacks Investment Research upgraded shares of California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of California Water Service Group Holding in a report on Sunday, September 3rd. BidaskClub downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Barclays PLC upped their price objective on shares of 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.

In related news, VP Lynne P. Mcghee sold 1,079 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Lynne P. Mcghee sold 1,605 shares of the stock in a transaction dated Friday, September 8th. The shares were 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. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in California Water Service Group Holding by 1.3% during the second quarter. Vanguard Group Inc. now owns 4,985,488 shares of the utilities provider’s stock worth $183,466,000 after purchasing an additional 63,704 shares during the period. Impax Asset Management LTD boosted its position in California Water Service Group Holding by 4.0% during the third quarter. Impax Asset Management LTD now owns 1,912,267 shares of the utilities provider’s stock worth $72,953,000 after purchasing an additional 73,467 shares during the period. Dimensional Fund Advisors LP boosted its position in California Water Service Group Holding by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,625,445 shares of the utilities provider’s stock worth $62,011,000 after purchasing an additional 6,427 shares during the period. State Street Corp boosted its position in California Water Service Group Holding by 4.7% during the second quarter. State Street Corp now owns 1,272,477 shares of the utilities provider’s stock worth $46,820,000 after purchasing an additional 57,115 shares during the period. Finally, Northern Trust Corp boosted its position in California Water Service Group Holding by 1.7% during the second quarter. Northern Trust Corp now owns 746,563 shares of the utilities provider’s stock worth $27,473,000 after purchasing an additional 12,513 shares during the period. Institutional investors own 68.54% of the company’s stock.

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Shares of California Water Service Group Holding (NYSE CWT) opened at $44.45 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46. California Water Service Group Holding has a 12 month low of $32.45 and a 12 month high of $44.95. The company has a market cap of $2,148.68, a price-to-earnings ratio of 31.51, a PEG ratio of 6.13 and a beta of 0.72.

California Water Service Group Holding (NYSE:CWT) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.02. California Water Service Group Holding had a net margin of 10.46% and a return on equity of 10.31%. The company had revenue of $211.70 million for the quarter, compared to analyst estimates of $203.00 million. During the same period in the prior year, the firm posted $0.48 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. sell-side analysts anticipate that California Water Service Group Holding will post 1.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.62%. California Water Service Group Holding’s payout ratio is 50.70%.

About California Water Service Group Holding

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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