Robert W. Baird upgraded shares of California Water Service Group (NYSE:CWT) from a neutral rating to an outperform rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm currently has $50.00 target price on the utilities provider’s stock.

CWT has been the subject of several other research reports. Zacks Investment Research cut shares of California Water Service Group from a hold rating to a sell rating in a research report on Monday, November 5th. Evercore ISI assumed coverage on shares of California Water Service Group in a research report on Monday, September 17th. They issued an in-line rating and a $42.00 target price for the company. Finally, Wells Fargo & Co assumed coverage on shares of California Water Service Group in a research report on Monday, August 27th. They issued a market perform rating for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. California Water Service Group currently has a consensus rating of Hold and a consensus target price of $42.25.

NYSE CWT traded up $0.15 on Thursday, hitting $45.44. The stock had a trading volume of 3,118 shares, compared to its average volume of 166,112. California Water Service Group has a one year low of $35.25 and a one year high of $46.79. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 1.00. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 5.11 and a beta of 0.50.

California Water Service Group (NYSE:CWT) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.72 EPS for the quarter, hitting the consensus estimate of $0.72. California Water Service Group had a net margin of 8.54% and a return on equity of 8.44%. The firm had revenue of $219.00 million during the quarter, compared to analysts’ expectations of $249.64 million. During the same quarter in the prior year, the firm earned $0.70 EPS. California Water Service Group’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that California Water Service Group will post 1.22 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Thursday, November 8th. California Water Service Group’s dividend payout ratio (DPR) is presently 53.57%.

In other news, VP David B. Healey sold 1,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $45.18, for a total value of $45,180.00. Following the completion of the transaction, the vice president now directly owns 13,492 shares in the company, valued at $609,568.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its holdings in shares of California Water Service Group by 1.3% in the third quarter. Teachers Advisors LLC now owns 93,064 shares of the utilities provider’s stock valued at $3,992,000 after acquiring an additional 1,232 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of California Water Service Group by 12.9% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,476 shares of the utilities provider’s stock valued at $492,000 after acquiring an additional 1,307 shares in the last quarter. US Bancorp DE boosted its holdings in shares of California Water Service Group by 23.3% in the second quarter. US Bancorp DE now owns 7,582 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 1,432 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of California Water Service Group by 26.9% in the third quarter. Janney Montgomery Scott LLC now owns 7,470 shares of the utilities provider’s stock valued at $320,000 after acquiring an additional 1,583 shares in the last quarter. Finally, Cornerstone Wealth Management LLC boosted its holdings in shares of California Water Service Group by 2.6% in the third quarter. Cornerstone Wealth Management LLC now owns 64,478 shares of the utilities provider’s stock valued at $1,575,000 after acquiring an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 72.41% of the company’s stock.

California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.

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

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