The stock of California Water Service Group (NYSE:CWT) is a huge mover today! The stock decreased 7.07% or $2.6 on November 23, hitting $34.2. About 255,324 shares traded hands or 25.71% up from the average. California Water Service Group (NYSE:CWT) has risen 24.54% since April 22, 2016 and is uptrending. It has outperformed by 19.14% the S&P500.
The move comes after 7 months negative chart setup for the $1.73B company. It was reported on Nov, 24 by Barchart.com. We have $31.81 PT which if reached, will make NYSE:CWT worth $121.10 million less.
Analysts await California Water Service Group (NYSE:CWT) to report earnings on February, 22. They expect $0.18 EPS, 0.00% or $0.00 from last year’s $0.18 per share. CWT’s profit will be $9.11M for 47.50 P/E if the $0.18 EPS becomes a reality. After $0.48 actual EPS reported by California Water Service Group for the previous quarter, Wall Street now forecasts -62.50% negative EPS growth.
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. Robert W. Baird downgraded the shares of CWT in a report on Friday, February 26 to “Neutral” rating. The rating was initiated by Robert W. Baird with “Neutral” on Friday, October 14. The stock of California Water Service Group (NYSE:CWT) has “Neutral” rating given on Tuesday, April 19 by Janney Capital. Gabelli downgraded California Water Service Group (NYSE:CWT) on Monday, March 7 to “Hold” rating. The stock of California Water Service Group (NYSE:CWT) earned “Buy” rating by Hilliard Lyons on Monday, August 3. The firm has “Equal Weight” rating given on Tuesday, September 6 by Barclays Capital. The rating was initiated by Barclays Capital with “Equal-Weight” on Monday, April 4.
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 2016 Q2. 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.
Adage Capital Ptnrs Grp Inc Limited Liability Com holds 0.05% of its portfolio in California Water Service Group (NYSE:CWT) for 500,000 shares. The New York-based Van Eck Associates has invested 0% in California Water Service Group (NYSE:CWT). Loudon Invest Mgmt Llc holds 0.42% or 15,120 shares in its portfolio. State Of Tennessee Treasury Department owns 39,036 shares or 0.01% of their US portfolio. Tower Capital Limited Liability Company (Trc) owns 1,489 shares or 0% of their US portfolio. Aperio Limited Liability Corporation holds 33,801 shares or 0.01% of its portfolio. Hl Finance Ser Limited Liability Com reported 15,300 shares or 0.01% of all its holdings. Ubs Asset Mgmt Americas owns 316,816 shares or 0.01% of their US portfolio. Teton Advsrs reported 24,800 shares or 0.08% of all its holdings. Bnp Paribas Arbitrage has 0% invested in the company for 22,090 shares. Wfg Advsr Limited Partnership holds 7,616 shares or 0.07% of its portfolio. The New York-based Metropolitan Life Insur New York has invested 0.01% in California Water Service Group (NYSE:CWT). Moreover, California Employees Retirement has 0.01% invested in California Water Service Group (NYSE:CWT) for 149,979 shares. Moreover, Renaissance Technologies Ltd Liability Corporation has 0.01% invested in California Water Service Group (NYSE:CWT) for 224,000 shares. Water Asset Mngmt Lc owns 230,323 shares or 7.39% of their US portfolio.
Insider Transactions: Since June 13, 2016, the stock had 6 buys, and 1 insider sale for $16,036 net activity. Treloar Timothy D also sold $16,610 worth of California Water Service Group (NYSE:CWT) shares. 3 shares were bought by VERA GEORGE A, worth $102 on Monday, July 11.
More news for California Water Service Group (NYSE:CWT) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: SJW, FirstEnergy and California Water Service Group” on November 01, 2016. Nasdaq.com‘s article titled: “California Water Service Group Holding Q3 Profit Falls 9%” and published on October 27, 2016 is yet another important article.
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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