California Water Service Group (NYSE:CWT) Stock Rating Upgraded by StockNews.com

California Water Service Group (NYSE:CWT) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

CWT has been the subject of several other reports. UBS Group raised California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 target price for the company in a research note on Thursday, April 4th. TheStreet cut California Water Service Group from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. Finally, Robert W. Baird upped their price objective on California Water Service Group from $52.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $54.25.

California Water Service Group Trading Down 0.2 %

CWT opened at $47.93 on Friday. California Water Service Group has a 12 month low of $43.50 and a 12 month high of $58.30. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 19.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.56 and a quick ratio of 0.65. The business has a fifty day moving average price of $46.11 and a 200 day moving average price of $48.31.

California Water Service Group (NYSE:CWT) last released its earnings results on Thursday, April 25th. The utilities provider reported $1.21 EPS for the quarter, topping the consensus estimate of $0.21 by $1.00. California Water Service Group had a return on equity of 10.09% and a net margin of 15.42%. The firm had revenue of $270.75 million during the quarter, compared to analysts’ expectations of $183.85 million. During the same period in the previous year, the firm posted ($0.40) EPS. California Water Service Group’s revenue for the quarter was up 106.5% on a year-over-year basis. Sell-side analysts expect that California Water Service Group will post 2.25 earnings per share for the current fiscal year.

Institutional Trading of California Water Service Group

Large investors have recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its position in shares of California Water Service Group by 42.2% in the 4th quarter. AdvisorNet Financial Inc now owns 741 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 220 shares during the period. Signaturefd LLC boosted its position in shares of California Water Service Group by 64.4% in the 3rd quarter. Signaturefd LLC now owns 1,065 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 417 shares during the period. TFO Wealth Partners LLC boosted its position in shares of California Water Service Group by 57,000.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,142 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 1,140 shares during the period. Global Retirement Partners LLC boosted its position in shares of California Water Service Group by 47.3% in the 1st quarter. Global Retirement Partners LLC now owns 2,910 shares of the utilities provider’s stock valued at $135,000 after purchasing an additional 935 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of California Water Service Group by 93.3% in the 4th quarter. Quadrant Capital Group LLC now owns 3,748 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 1,809 shares during the period. 82.78% of the stock is owned by institutional investors and hedge funds.

About California Water Service Group

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.