Hilliard Lyons lowered shares of California Water Service Group (NYSE:CWT) from a neutral rating to an underperform rating in a report released on Wednesday morning, MarketBeat.com reports.

Several other equities research analysts have also weighed in on CWT. Zacks Investment Research upgraded shares of California Water Service Group from a sell rating to a hold rating in a report on Tuesday, January 9th. Barclays increased their target price on shares of California Water Service Group from $30.00 to $32.00 and gave the stock an underweight rating in a report on Friday, September 22nd. Three research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $38.33.

Shares of California Water Service Group (NYSE:CWT) traded up $1.05 during mid-day trading on Wednesday, reaching $43.80. 256,401 shares of the company’s stock were exchanged, compared to its average volume of 187,355. California Water Service Group has a 1 year low of $32.75 and a 1 year high of $46.15. The company has a market capitalization of $2,103.06, a PE ratio of 30.85, a PEG ratio of 5.14 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 (NYSE:CWT) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $211.70 million for the quarter, compared to analysts’ expectations of $203.00 million. California Water Service Group had a net margin of 10.46% and a return on equity of 10.31%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. analysts forecast that California Water Service Group will post 1.33 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in California Water Service Group by 4.7% in the third quarter. Legal & General Group Plc now owns 228,710 shares of the utilities provider’s stock worth $8,726,000 after purchasing an additional 10,220 shares during the period. Wells Fargo & Company MN raised its holdings in California Water Service Group by 3.8% in the second quarter. Wells Fargo & Company MN now owns 129,126 shares of the utilities provider’s stock worth $4,751,000 after purchasing an additional 4,668 shares during the period. First Trust Advisors LP raised its holdings in California Water Service Group by 43.3% in the third quarter. First Trust Advisors LP now owns 211,895 shares of the utilities provider’s stock worth $8,084,000 after purchasing an additional 64,015 shares during the period. Piedmont Investment Advisors LLC raised its holdings in California Water Service Group by 250.9% in the third quarter. Piedmont Investment Advisors LLC now owns 36,391 shares of the utilities provider’s stock worth $1,388,000 after purchasing an additional 26,019 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in California Water Service Group by 417.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 41,047 shares of the utilities provider’s stock worth $1,566,000 after purchasing an additional 33,118 shares during the period. Institutional investors own 69.54% of the company’s stock.

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California Water Service Group Company Profile

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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