Hilliard Lyons upgraded shares of California Water Service Group Holding (NYSE:CWT) from a neutral rating to a buy rating in a research note released on Monday.

Other analysts also recently issued research reports about the stock. Barclays PLC cut their price objective on shares of California Water Service Group Holding from $33.00 to $31.00 and set an equal weight rating for the company in a report on Tuesday, September 6th. Zacks Investment Research raised shares of California Water Service Group Holding from a hold rating to a buy rating and set a $37.00 price objective for the company in a report on Tuesday, July 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $30.75.

California Water Service Group Holding (NYSE:CWT) traded up 0.16% during mid-day trading on Monday, hitting $31.80. 45,051 shares of the stock traded hands. California Water Service Group Holding has a one year low of $21.01 and a one year high of $35.62. The stock has a market capitalization of $1.53 billion, a PE ratio of 34.57 and a beta of 0.54. The company has a 50 day moving average price of $31.46 and a 200-day moving average price of $30.69.

California Water Service Group Holding (NYSE:CWT) last announced its earnings results on Thursday, July 28th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business earned $152.40 million during the quarter, compared to the consensus estimate of $121.55 million. California Water Service Group Holding had a net margin of 7.43% and a return on equity of 6.94%. California Water Service Group Holding’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. Equities analysts anticipate that California Water Service Group Holding will post $1.04 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of California Water Service Group Holding by 6.2% in the second quarter. PNC Financial Services Group Inc. now owns 3,428 shares of the company’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. PineBridge Investments L.P. boosted its position in shares of California Water Service Group Holding by 4.0% in the second quarter. PineBridge Investments L.P. now owns 6,083 shares of the company’s stock valued at $212,000 after buying an additional 234 shares during the last quarter. Profund Advisors LLC boosted its position in shares of California Water Service Group Holding by 1.9% in the second quarter. Profund Advisors LLC now owns 13,017 shares of the company’s stock valued at $455,000 after buying an additional 245 shares during the last quarter. Arizona State Retirement System boosted its position in shares of California Water Service Group Holding by 1.2% in the second quarter. Arizona State Retirement System now owns 24,900 shares of the company’s stock valued at $870,000 after buying an additional 300 shares during the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of California Water Service Group Holding by 3.0% in the second quarter. BlackRock Advisors LLC now owns 22,613 shares of the company’s stock valued at $790,000 after buying an additional 656 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

California Water Service Group Holding Company Profile

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.

5 Day Chart for NYSE:CWT

Receive News & Stock Ratings for California Water Service Group Holding Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Water Service Group Holding and related stocks with our FREE daily email newsletter.