California Water Service Group Holding (NYSE:CWT)‘s stock had its “hold” rating restated by equities researchers at US Capital Advisors in a research report issued on Monday.
A number of other brokerages have also recently commented on CWT. Zacks Investment Research cut California Water Service Group Holding from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Gabelli cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Finally, BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.20.
California Water Service Group Holding (NYSE CWT) traded up 0.465% on Monday, hitting $37.825. The company had a trading volume of 9,915 shares. The firm has a 50-day moving average price of $36.56 and a 200-day moving average price of $35.36. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $39.40. The firm has a market capitalization of $1.82 billion, a PE ratio of 36.024 and a beta of 0.68.
California Water Service Group Holding (NYSE:CWT) last released its earnings results on Thursday, April 27th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.05 by $0.03. California Water Service Group Holding had a return on equity of 7.79% and a net margin of 8.30%. The business had revenue of $122.04 million for the quarter, compared to analyst estimates of $128.30 million. During the same period in the prior year, the business earned ($0.02) EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts anticipate that California Water Service Group Holding will post $1.30 earnings per share for the current fiscal year.
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In related news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $35.70, for a total transaction of $35,700.00. Following the transaction, the vice president now owns 14,780 shares of the company’s stock, valued at $527,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in CWT. GHP Investment Advisors Inc. boosted its position in shares of California Water Service Group Holding by 1.6% in the first quarter. GHP Investment Advisors Inc. now owns 72,122 shares of the utilities provider’s stock valued at $2,586,000 after buying an additional 1,146 shares during the last quarter. Baldwin Brothers Inc. MA acquired a new stake in shares of California Water Service Group Holding during the first quarter worth approximately $368,000. Russell Investments Group Ltd. acquired a new stake in shares of California Water Service Group Holding during the fourth quarter worth approximately $129,000. State Street Corp raised its stake in shares of California Water Service Group Holding by 10.8% in the fourth quarter. State Street Corp now owns 1,133,219 shares of the utilities provider’s stock worth $38,419,000 after buying an additional 110,306 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of California Water Service Group Holding by 4.3% in the first quarter. Principal Financial Group Inc. now owns 418,991 shares of the utilities provider’s stock worth $15,021,000 after buying an additional 17,427 shares during the period. 68.52% of the stock is currently owned by institutional investors.
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.
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