California Water Service Group (NYSE:CWT) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $33.75.
Several research firms have commented on CWT. Zacks Investment Research lowered California Water Service Group from a “hold” rating to a “sell” rating in a research note on Monday, July 30th. ValuEngine upgraded California Water Service Group from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.
NYSE:CWT traded down $0.76 during trading hours on Tuesday, hitting $39.95. 172,936 shares of the stock were exchanged, compared to its average volume of 224,002. California Water Service Group has a 52-week low of $35.25 and a 52-week high of $46.15. The company has a current ratio of 0.30, a quick ratio of 0.29 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.97 billion, a P/E ratio of 33.80 and a beta of 0.61.
California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.08). California Water Service Group had a return on equity of 8.44% and a net margin of 8.55%. The firm had revenue of $172.63 million for the quarter, compared to analysts’ expectations of $172.30 million. During the same quarter last year, the firm posted $0.39 earnings per share. California Water Service Group’s quarterly revenue was up .9% on a year-over-year basis. research analysts forecast that California Water Service Group will post 1.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 17th. Shareholders of record on Monday, August 6th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, August 3rd. This represents a $0.75 annualized dividend and a yield of 1.88%. California Water Service Group’s dividend payout ratio (DPR) is currently 53.57%.
A number of large investors have recently bought and sold shares of the business. Steward Partners Investment Advisory LLC purchased a new stake in shares of California Water Service Group in the second quarter valued at approximately $156,000. Xact Kapitalforvaltning AB purchased a new stake in shares of California Water Service Group in the fourth quarter valued at approximately $214,000. SG Americas Securities LLC purchased a new stake in shares of California Water Service Group in the first quarter valued at approximately $199,000. Janney Montgomery Scott LLC purchased a new stake in shares of California Water Service Group in the second quarter valued at approximately $229,000. Finally, Elkfork Partners LLC purchased a new stake in shares of California Water Service Group in the fourth quarter valued at approximately $292,000. Institutional investors own 70.73% of the company’s stock.
About California Water Service Group
California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.
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