California Water Service Group (NYSE:CWT) had its target price trimmed by UBS from $34.00 to $33.00 in a research note released on Friday, www.benzinga.com reports. The brokerage currently has a sell rating on the utilities provider’s stock.
A number of other brokerages have also recently weighed in on CWT. Zacks Investment Research cut shares of California Water Service Group from a hold rating to a sell rating in a research report on Wednesday, December 27th. Hilliard Lyons cut shares of California Water Service Group from a neutral rating to an underperform rating in a research report on Wednesday, January 17th. Finally, ValuEngine raised shares of California Water Service Group from a hold rating to a buy rating in a research report on Tuesday, March 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $37.00.
Shares of California Water Service Group (NYSE CWT) opened at $35.95 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.45 and a debt-to-equity ratio of 0.74. California Water Service Group has a 12-month low of $32.75 and a 12-month high of $46.15. The firm has a market cap of $1,726.01, a price-to-earnings ratio of 25.68, a P/E/G ratio of 4.19 and a beta of 0.62.
In other California Water Service Group news, VP Lynne P. Mcghee sold 1,000 shares of the business’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $36.74, for a total value of $36,740.00. Following the transaction, the vice president now owns 20,179 shares in the company, valued at approximately $741,376.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lester A. Snow sold 2,000 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $38.59, for a total transaction of $77,180.00. Following the completion of the transaction, the director now owns 41,511 shares in the company, valued at approximately $1,601,909.49. The disclosure for this sale can be found here. Insiders acquired a total of 874 shares of company stock worth $30,962 in the last quarter. 0.97% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the business. SeaCrest Wealth Management LLC acquired a new position in California Water Service Group in the 4th quarter worth $106,000. CoreCommodity Management LLC acquired a new position in California Water Service Group in the 4th quarter worth $146,000. SG Americas Securities LLC acquired a new position in California Water Service Group in the 3rd quarter worth $160,000. HPM Partners LLC acquired a new position in California Water Service Group in the 4th quarter worth $204,000. Finally, ACG Wealth acquired a new position in California Water Service Group in the 4th quarter worth $207,000. Hedge funds and other institutional investors own 70.11% of the company’s stock.
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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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