The stock of California Water Service Group (NYSE:CWT) is a huge mover today! The stock increased 5.57% or $1.94 on November 22, hitting $36.8. About 221,889 shares traded hands or 9.28% up from the average. California Water Service Group (NYSE:CWT) has risen 26.17% since April 20, 2016 and is uptrending. It has outperformed by 21.61% the S&P500.
The move comes after 7 months positive chart setup for the $1.78B company. It was reported on Nov, 22 by Barchart.com. We have $39.74 PT which if reached, will make NYSE:CWT worth $142.40M more.
California Water Service Group (NYSE:CWT) Ratings Coverage
Out of 5 analysts covering California Water Service (NYSE:CWT), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. California Water Service has been the topic of 7 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by Robert W. Baird on Friday, October 14 with “Neutral”. The stock of California Water Service Group (NYSE:CWT) has “Neutral” rating given on Friday, February 26 by Robert W. Baird. The stock of California Water Service Group (NYSE:CWT) has “Neutral” rating given on Tuesday, April 19 by Janney Capital. The firm earned “Buy” rating on Monday, August 3 by Hilliard Lyons. On Tuesday, September 6 the stock rating was maintained by Barclays Capital with “Equal Weight”. Gabelli downgraded California Water Service Group (NYSE:CWT) on Monday, March 7 to “Hold” rating. Barclays Capital initiated it with “Equal-Weight” rating and $29 target price in Monday, April 4 report.
According to Zacks Investment Research, “California Water Service Company’s business, which is carried on through its operating subsidiaries, consists of the production, purchase, storage, purification, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides water related services under agreements with municipalities and other private companies. The nonregulated services include full water system operation, and billing and meter reading services.”
Insitutional Activity: The institutional sentiment increased to 1.17 in Q2 2016. Its up 0.18, from 0.99 in 2016Q1. The ratio is positive, as 22 funds sold all California Water Service Group shares owned while 51 reduced positions. 17 funds bought stakes while 55 increased positions. They now own 33.77 million shares or 0.87% more from 33.48 million shares in 2016Q1.
Goldman Sachs Gru accumulated 0.02% or 1.34 million shares. Ubs Asset Mgmt Americas Inc holds 316,816 shares or 0.01% of its portfolio. Tci Wealth Advsrs Incorporated holds 0% or 48 shares in its portfolio. Kbc Group Nv last reported 163,801 shares in the company. The New Jersey-based Bessemer Grp has invested 0% in California Water Service Group (NYSE:CWT). Moreover, Citigroup has 0% invested in California Water Service Group (NYSE:CWT) for 28,942 shares. Ny State Common Retirement Fund, a New York-based fund reported 46,200 shares. Bnp Paribas Arbitrage accumulated 0% or 22,090 shares. Baillie Gifford accumulated 0.03% or 483,766 shares. Pnc reported 3,428 shares or 0% of all its holdings. State Of Tennessee Treasury Department owns 39,036 shares or 0.01% of their US portfolio. Ladenburg Thalmann Services last reported 0% of its portfolio in the stock. Diam Communications Limited holds 12,900 shares or 0.01% of its portfolio. Tower Rech Capital Lc (Trc) has 0% invested in the company for 1,489 shares. Vanguard Group reported 4.42 million shares or 0.01% of all its holdings.
Insider Transactions: Since June 13, 2016, the stock had 6 insider buys, and 1 sale for $16,036 net activity. VERA GEORGE A bought $102 worth of stock. $16,610 worth of California Water Service Group (NYSE:CWT) shares were sold by Treloar Timothy D.
More recent California Water Service Group (NYSE:CWT) news were published by: Forbes.com which released: “Ex-Dividend Reminder: SJW, FirstEnergy and California Water Service Group” on November 01, 2016. Also Nasdaq.com published the news titled: “California Water Service Group Holding Q3 Profit Falls 9%” on October 27, 2016. Nasdaq.com‘s news article titled: “California Water Service Group Reaches Analyst Target Price” with publication date: November 14, 2016 was also an interesting one.
CWT Company Profile
California Water Service Group, incorporated on August 2, 1999, is a holding company. The Firm operates through supply and distribution of water, and providing water-related utility services segment. The Company, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico and Hawaii. The Company’s subsidiaries include California Water Service Company (Cal Water), New Mexico Water Service Company (New Mexico Water), Washington Water Service Company (Washington Water), Hawaii Water Service Company, Inc. (Hawaii Water), and CWS Utility Services and HWS Utility Services LLC (collectively, Utility Services). Cal Water, New Mexico Water, Washington Water and Hawaii Water are regulated public utilities. The regulated utility entities also provide some non-regulated services. Utility Services provides non-regulated services to private companies and municipalities.
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