California Water Service Group (NYSE:CWT – Get Free Report) has been given an average recommendation of “Hold” by the four research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $54.25.
A number of equities research analysts recently weighed in on the company. UBS Group upgraded California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a research note on Thursday, April 4th. TheStreet cut shares of California Water Service Group from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. StockNews.com raised California Water Service Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Finally, Robert W. Baird upped their target price on California Water Service Group from $52.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, April 26th.
View Our Latest Report on California Water Service Group
Institutional Trading of California Water Service Group
California Water Service Group Stock Up 1.4 %
Shares of NYSE:CWT opened at $49.08 on Friday. California Water Service Group has a 1 year low of $43.50 and a 1 year high of $58.30. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.56 and a quick ratio of 0.52. The firm has a market capitalization of $2.83 billion, a PE ratio of 19.65 and a beta of 0.49. The business has a 50 day simple moving average of $46.13 and a two-hundred day simple moving average of $48.31.
California Water Service Group (NYSE:CWT – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $1.00. The company had revenue of $270.75 million during the quarter, compared to analysts’ expectations of $183.85 million. California Water Service Group had a net margin of 15.42% and a return on equity of 10.09%. The firm’s quarterly revenue was up 106.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.40) EPS. On average, equities analysts predict that California Water Service Group will post 2.59 EPS for the current year.
California Water Service Group Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, May 3rd. California Water Service Group’s dividend payout ratio is currently 44.80%.
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.
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