Shares of California Water Service Group Holding (NYSE:CWT) were down 2.4% during mid-day trading on Thursday . The stock traded as low as $32.83 and last traded at $32.84, with a volume of 157,559 shares. The stock had previously closed at $33.65.

Several analysts recently issued reports on CWT shares. Janney Montgomery Scott downgraded California Water Service Group Holding from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. They noted that the move was a valuation call. Zacks Investment Research raised California Water Service Group Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Finally, Barclays PLC started coverage on California Water Service Group Holding in a report on Monday, April 4th. They issued an “equal weight” rating and a $29.00 price target on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.25.

The firm’s 50 day moving average is $32.35 and its 200 day moving average is $27.58. The firm has a market cap of $1.58 billion and a PE ratio of 37.09.

California Water Service Group Holding (NYSE:CWT) last posted its quarterly earnings data on Thursday, April 28th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.05. The firm earned $121.80 million during the quarter, compared to analyst estimates of $102.65 million. During the same quarter in the previous year, the firm earned $0.03 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, analysts expect that California Water Service Group Holding will post $1.03 earnings per share for the current fiscal year.

In related news, VP David B. Healey sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $28.61, for a total transaction of $28,610.00. Following the transaction, the vice president now directly owns 13,328 shares in the company, valued at $381,314.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of institutional investors have recently modified their holdings of CWT. 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 valued at $3,905,000 after buying an additional 78,182 shares in the last quarter. Bank of Montreal Can raised its position in shares of California Water Service Group Holding by 207.0% in the fourth quarter. Bank of Montreal Can now owns 60,162 shares of the company’s stock valued at $1,401,000 after buying an additional 40,564 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of California Water Service Group Holding by 595.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,059 shares of the company’s stock valued at $2,072,000 after buying an additional 76,259 shares in the last quarter. BHF Kleinwort Benson Group S.A. purchased a new position in shares of California Water Service Group Holding during the fourth quarter valued at about $29,369,000. Finally, 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 valued at $18,660,000 after buying an additional 39,540 shares in the last quarter.

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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