California Water Service Group (NYSE:CWT) Raised to Hold at StockNews.com

California Water Service Group (NYSE:CWT) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also issued reports about the company. Wells Fargo & Company raised California Water Service Group from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $56.00 to $52.00 in a research report on Tuesday, January 7th. Bank of America assumed coverage on shares of California Water Service Group in a research note on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, California Water Service Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.

California Water Service Group Price Performance

CWT opened at $43.86 on Friday. The company has a 50 day moving average of $45.57 and a two-hundred day moving average of $50.37. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 0.64. California Water Service Group has a 52-week low of $41.64 and a 52-week high of $56.25. The company has a market cap of $2.61 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.45 and a beta of 0.52.

Insider Transactions at California Water Service Group

In related news, VP Michael B. Luu sold 985 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $51.50, for a total value of $50,727.50. Following the completion of the transaction, the vice president now owns 20,354 shares in the company, valued at $1,048,231. The trade was a 4.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.73% of the stock is owned by insiders.

Institutional Trading of California Water Service Group

Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in California Water Service Group by 255.6% in the 3rd quarter. Blue Trust Inc. now owns 505 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 363 shares during the period. GAMMA Investing LLC raised its stake in California Water Service Group by 50.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,236 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 413 shares during the period. nVerses Capital LLC bought a new stake in shares of California Water Service Group during the 3rd quarter worth about $119,000. CWM LLC increased its stake in shares of California Water Service Group by 129.1% during the third quarter. CWM LLC now owns 3,090 shares of the utilities provider’s stock worth $168,000 after purchasing an additional 1,741 shares during the period. Finally, Old Port Advisors acquired a new stake in shares of California Water Service Group during the third quarter worth $202,000. Institutional investors and hedge funds own 82.78% 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, 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.