1 day Ago By ABMN Staff
California Water Service Group ( NYSE:CWT – Get Free Report ) has received a consensus rating of “Moderate Buy” from the four analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.
The average 1-year price target among analysts that have covered the stock in the last year is $54.50. A number of brokerages have weighed in on CWT.
StockNews.com lowered California Water Service Group from a “hold” rating to a “sell” rating in a research note on Friday, December 13th. Bank of America initiated coverage on shares of California Water Service Group in a research report on Wednesday, December 11th.
They set a “buy” rating and a $57.00 target price for the company. Get Our Latest Analysis on CWT Insider Activity at California Water Service Group Institutional Inflows and Outflows Several institutional investors and hedge funds have recently made changes to their positions in CWT.
Commonwealth Equity Services LLC boosted its position in California Water Service Group by 20.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 13,842 shares of the utilities provider’s stock valued at $671,000 after buying an additional 2,327 shares during the period.
Van ECK Associates Corp boosted its holdings in shares of California Water Service Group by 9.0% during the second quarter. Van ECK Associates Corp now owns 14,827 shares of the utilities provider’s stock worth $719,000 after purchasing an additional 1,224 shares during the period.
Natixis Advisors LLC bought a new stake in shares of California Water Service Group in the second quarter worth about $506,000. Arizona State Retirement System increased its holdings in California Water Service Group by 1.8% during the 2nd quarter.
Arizona State Retirement System now owns 16,147 shares of the utilities provider’s stock valued at $783,000 after purchasing an additional 287 shares during the period. Finally, Quest Partners LLC raised its position in California Water Service Group by 21,048.1% during the 2nd quarter.
Quest Partners LLC now owns 5,710 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 5,683 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.
California Water Service Group Trading Up 0.0 % Shares of California Water Service Group stock opened at $44.78 on Friday.
The company’s 50-day moving average price is $49.16 and its 200-day moving average price is $51.36.
The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.
64. California Water Service Group has a 12-month low of $43.50 and a 12-month high of $56.
25. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 12.
94 and a beta of 0.52. California Water Service Group ( NYSE:CWT – Get Free Report ) last posted its earnings results on Thursday, October 31st.
The utilities provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.
02). The firm had revenue of $299.60 million during the quarter, compared to analysts’ expectations of $289.
55 million. California Water Service Group had a return on equity of 13.24% and a net margin of 19.
56%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year.
During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, equities analysts expect that California Water Service Group will post 3.
29 earnings per share for the current fiscal year. California Water Service Group Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Tuesday, November 12th were paid a $0.
28 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.
12 dividend on an annualized basis and a dividend yield of 2.50%. California Water Service Group’s dividend payout ratio (DPR) is 32.
37%. California Water Service Group Company Profile ( Get Free Report California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company 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 services.
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