BidaskClub lowered shares of California Water Service Group Holding (NYSE:CWT) from a buy rating to a hold rating in a report published on Friday morning.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered California Water Service Group Holding from a hold rating to a sell rating in a research note on Friday, April 28th. Gabelli lowered California Water Service Group Holding from a buy rating to a hold rating in a research note on Friday, April 28th. Finally, US Capital Advisors reissued a hold rating on shares of California Water Service Group Holding in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. California Water Service Group Holding presently has a consensus rating of Hold and an average price target of $34.40.

California Water Service Group Holding (NYSE:CWT) opened at 38.90 on Friday. The stock’s 50 day moving average price is $37.32 and its 200 day moving average price is $35.70. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 32.42 and a beta of 0.68. California Water Service Group Holding has a 52 week low of $29.25 and a 52 week high of $39.65.

California Water Service Group Holding (NYSE:CWT) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $171.10 million for the quarter, compared to analyst estimates of $162.23 million. During the same quarter in the prior year, the company earned $0.24 EPS. California Water Service Group Holding’s revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that California Water Service Group Holding will post $1.29 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.85%. The ex-dividend date is Thursday, August 3rd. California Water Service Group Holding’s payout ratio is 60.00%.

In related news, VP David B. Healey sold 1,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $35.90, for a total transaction of $35,900.00. Following the transaction, the vice president now owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can increased its stake in shares of California Water Service Group Holding by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 67,965 shares of the utilities provider’s stock valued at $2,433,000 after buying an additional 4,330 shares during the period. Russell Investments Group Ltd. increased its stake 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 buying an additional 9,100 shares during the period. Clear Harbor Asset Management LLC increased its stake in shares of California Water Service Group Holding by 0.3% in the first quarter. Clear Harbor Asset Management LLC now owns 87,222 shares of the utilities provider’s stock valued at $3,127,000 after buying an additional 300 shares during the period. ProShare Advisors LLC increased its stake in shares of California Water Service Group Holding by 16.2% in the first quarter. ProShare Advisors LLC now owns 200,796 shares of the utilities provider’s stock valued at $7,199,000 after buying an additional 28,012 shares during the period. Finally, Personal Capital Advisors Corp increased its stake in shares of California Water Service Group Holding by 7.6% in the first quarter. Personal Capital Advisors Corp now owns 500,046 shares of the utilities provider’s stock valued at $17,502,000 after buying an additional 35,267 shares during the period. Institutional investors own 68.43% of the company’s stock.

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.

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

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