California Water Service Group Holding (NYSE:CWT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $39.80 and last traded at $39.73, with a volume of 74,051 shares traded. The stock had previously closed at $39.60.

Several analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price target on shares of California Water Service Group Holding in a research note on Sunday, September 3rd. Barclays PLC increased their price objective on California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. BidaskClub upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $35.60.

The company’s 50-day moving average price is $37.58 and its 200-day moving average price is $36.65. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 33.04 and a beta of 0.70.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The business had revenue of $171.10 million during the quarter, compared to analyst estimates of $162.23 million. During the same period last year, the business posted $0.24 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts expect that California Water Service Group Holding will post $1.31 earnings per share for the current fiscal year.

In other news, VP Lynne P. Mcghee sold 1,605 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the sale, the vice president now owns 19,660 shares of the company’s stock, valued at $739,412.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lynne P. Mcghee sold 1,079 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $36.94, for a total transaction of $39,858.26. Following the sale, the vice president now directly owns 18,581 shares in the company, valued at approximately $686,382.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CWT. Russell Investments Group Ltd. grew its holdings in shares of California Water Service Group Holding by 242.8% in the first quarter. Russell Investments Group Ltd. now owns 12,848 shares of the utilities provider’s stock valued at $460,000 after purchasing an additional 9,100 shares in the last quarter. Bank of New York Mellon Corp increased its stake in California Water Service Group Holding by 3.2% during the 1st quarter. Bank of New York Mellon Corp now owns 735,789 shares of the utilities provider’s stock worth $26,378,000 after buying an additional 22,568 shares during the period. BNP Paribas Arbitrage SA increased its stake in California Water Service Group Holding by 11.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,495 shares of the utilities provider’s stock worth $448,000 after buying an additional 1,270 shares during the period. LS Investment Advisors LLC lifted its holdings in California Water Service Group Holding by 62.5% during the 1st quarter. LS Investment Advisors LLC now owns 2,782 shares of the utilities provider’s stock worth $100,000 after buying an additional 1,070 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in California Water Service Group Holding by 105.6% during the 1st quarter. UBS Asset Management Americas Inc. now owns 40,431 shares of the utilities provider’s stock worth $1,449,000 after buying an additional 20,770 shares in the last quarter. 68.69% of the stock is owned by institutional investors and hedge funds.

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California Water Service Group Holding 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.

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