California Water Service Group (NYSE:CWT) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $33.00.

Several brokerages recently issued reports on CWT. Zacks Investment Research lowered California Water Service Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Barclays raised their target price on California Water Service Group from $30.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, September 22nd.

Large investors have recently made changes to their positions in the stock. Riverhead Capital Management LLC raised its position in California Water Service Group by 66.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 1,661 shares during the last quarter. SG Americas Securities LLC bought a new position in California Water Service Group during the 3rd quarter worth $160,000. Flinton Capital Management LLC raised its position in shares of California Water Service Group by 60.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 2,108 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of California Water Service Group by 24.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,694 shares of the utilities provider’s stock worth $209,000 after acquiring an additional 1,119 shares in the last quarter. Finally, ELCO Management Co. LLC bought a new position in shares of California Water Service Group in the 2nd quarter worth about $225,000. 69.54% of the stock is owned by institutional investors and hedge funds.

California Water Service Group (CWT) opened at $43.10 on Friday. The stock has a market capitalization of $2,070.00, a price-to-earnings ratio of 30.14, a P/E/G ratio of 5.11 and a beta of 0.74. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76. California Water Service Group has a 12-month low of $32.55 and a 12-month high of $46.15.

California Water Service Group (NYSE:CWT) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The business had revenue of $211.70 million during the quarter, compared to analyst estimates of $203.00 million. California Water Service Group had a return on equity of 10.31% and a net margin of 10.46%. California Water Service Group’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. equities research analysts anticipate that California Water Service Group will post 1.33 earnings per share for the current year.

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About California Water Service Group

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 (NYSE:CWT)

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