California Water Service Group (NYSE:CWT) was downgraded by stock analysts at Hilliard Lyons from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday, January 17th, Marketbeat Ratings reports.
Several other research analysts have also recently commented on CWT. Barclays boosted their target price on California Water Service Group from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. Zacks Investment Research raised California Water Service Group from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.33.
California Water Service Group (CWT) traded up $0.55 on Wednesday, reaching $37.85. The company had a trading volume of 624,529 shares, compared to its average volume of 520,301. California Water Service Group has a 1 year low of $32.75 and a 1 year high of $46.15. The firm has a market cap of $1,817.37, a PE ratio of 26.66, a price-to-earnings-growth ratio of 4.44 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Republic Investment Management Inc. purchased a new stake in California Water Service Group during the 4th quarter valued at approximately $224,000. Mission Wealth Management LP acquired a new position in California Water Service Group during the 4th quarter worth approximately $225,000. UBS Asset Management Americas Inc. increased its position in California Water Service Group by 5.9% during the 4th quarter. UBS Asset Management Americas Inc. now owns 46,405 shares of the utilities provider’s stock worth $2,104,000 after purchasing an additional 2,602 shares during the period. BlackRock Inc. increased its position in California Water Service Group by 4.8% during the 4th quarter. BlackRock Inc. now owns 6,368,283 shares of the utilities provider’s stock worth $288,803,000 after purchasing an additional 289,527 shares during the period. Finally, Rhumbline Advisers increased its position in California Water Service Group by 14.9% during the 4th quarter. Rhumbline Advisers now owns 114,040 shares of the utilities provider’s stock worth $5,172,000 after purchasing an additional 14,826 shares during the period. 69.71% of the stock is owned by hedge funds and other institutional investors.
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.
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