California Water Service Group Holding (NYSE:CWT)’s share price hit a new 52-week high on Tuesday . The company traded as high as $35.17 and last traded at $34.88, with a volume of 130,254 shares traded. The stock had previously closed at $34.48.

A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of California Water Service Group Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Barclays PLC assumed coverage on shares of California Water Service Group Holding in a research report on Monday, April 4th. They set an “equal weight” rating and a $29.00 target price for the company. Finally, Janney Montgomery Scott lowered shares of California Water Service Group Holding from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 19th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating, California Water Service Group Holding presently has a consensus rating of “Hold” and an average price target of $28.00.

The stock has a 50 day moving average price of $31.25 and a 200 day moving average price of $27.13. The stock has a market cap of $1.68 billion and a PE ratio of 39.28.

California Water Service Group Holding (NYSE:CWT) last posted its quarterly earnings results on Thursday, April 28th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.05. The firm earned $121.80 million during the quarter, compared to analysts’ expectations of $102.65 million. California Water Service Group Holding’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 earnings per share. On average, analysts predict that California Water Service Group Holding will post $1.04 EPS for the current year.

In other news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $28.61, for a total value of $28,610.00. Following the completion of the transaction, the vice president now owns 13,328 shares of the company’s stock, valued at approximately $381,314.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Several institutional investors recently bought and sold shares of the company. BHF Kleinwort Benson Group S.A. bought a new position in California Water Service Group Holding during the fourth quarter valued at about $29,369,000. Baillie Gifford & Co. raised its position in shares of California Water Service Group Holding by 5.2% in the fourth quarter. Baillie Gifford & Co. now owns 801,916 shares of the company’s stock worth $18,660,000 after buying an additional 39,540 shares during the period. OppenheimerFunds Inc. acquired a new position in shares of California Water Service Group Holding during the fourth quarter worth $10,900,000. Monarch Partners Asset Management LLC raised its position in shares of California Water Service Group Holding by 87.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 167,807 shares of the company’s stock worth $3,905,000 after buying an additional 78,182 shares during the period. Finally, Russell Frank Co raised its position in shares of California Water Service Group Holding by 4.4% in the fourth quarter. Russell Frank Co now owns 107,631 shares of the company’s stock worth $2,570,000 after buying an additional 4,510 shares during the period.

California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. It operates through supply and distribution of water, and providing water-related utility services segment. Its business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection.

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