California Water Service Group Holding (NYSE:CWT) was downgraded by equities research analysts at Hilliard Lyons from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages also recently weighed in on CWT. Barclays PLC lowered their target price on shares of California Water Service Group Holding from $33.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 6th. Zacks Investment Research downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Monday, October 10th. Finally, Robert W. Baird started coverage on shares of California Water Service Group Holding in a research note on Friday, October 14th. They set a “neutral” rating and a $33.00 price target on the stock. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. California Water Service Group Holding presently has an average rating of “Hold” and an average price target of $33.00.

Analyst Recommendations for California Water  Service Group Holding (NYSE:CWT)

California Water Service Group Holding (NYSE:CWT) traded down 5.437% during midday trading on Wednesday, hitting $34.799. 69,357 shares of the stock were exchanged. California Water Service Group Holding has a 1-year low of $21.53 and a 1-year high of $36.85. The stock has a market cap of $1.67 billion, a PE ratio of 39.634 and a beta of 0.59. The company’s 50 day moving average is $32.17 and its 200-day moving average is $31.75.

California Water Service Group Holding (NYSE:CWT) last announced its earnings results on Thursday, October 27th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by $0.09. The company earned $184.27 million during the quarter, compared to analysts’ expectations of $185.80 million. California Water Service Group Holding had a net margin of 7.05% and a return on equity of 6.56%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share. On average, analysts expect that California Water Service Group Holding will post $0.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Thursday, November 3rd. California Water Service Group Holding’s dividend payout ratio is 78.41%.

Several hedge funds and other institutional investors have recently modified their holdings of CWT. 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 in the last quarter. SG Americas Securities LLC purchased a new position in shares of California Water Service Group Holding during the third quarter valued at about $187,000. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new position in shares of California Water Service Group Holding during the second quarter valued at about $196,000. US Bancorp DE boosted its position in shares of California Water Service Group Holding by 13.4% in the third quarter. US Bancorp DE now owns 6,359 shares of the company’s stock valued at $204,000 after buying an additional 753 shares in the last quarter. Finally, Bluestein R H & Co. purchased a new position in shares of California Water Service Group Holding during the second quarter valued at about $210,000. Hedge funds and other institutional investors own 71.06% of the company’s stock.

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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

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