California Water Service Group (NYSE:CWT) Sentiment Improved, Because

May 17, 2018 - By Christine McCrea

Sentiment for California Water Service Group (NYSE:CWT)

California Water Service Group (NYSE:CWT) institutional sentiment increased to 1.12 in Q4 2017. Its up 0.03, from 1.09 in 2017Q3. The ratio is positive, as 75 active investment managers increased and opened new positions, while 67 decreased and sold their stock positions in California Water Service Group. The active investment managers in our partner’s database now possess: 32.84 million shares, up from 32.77 million shares in 2017Q3. Also, the number of active investment managers holding California Water Service Group in their top 10 positions decreased from 1 to 0 for a decrease of 1. Sold All: 13 Reduced: 54 Increased: 45 New Position: 30.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has market cap of $1.85 billion. The firm engages 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. It has a 27.57 P/E ratio. It offers its services to approximately 482,400 clients in 100 California communities; approximately 4,400 water and wastewater clients on the islands of Maui and Hawaii; approximately 16,700 clients in the Tacoma and Olympia areas in Washington; and approximately 8,000 water and wastewater clients in the Belen, Los Lunas, and Elephant Butte areas in New Mexico.

The stock increased 0.06% or $0.025 during the last trading session, reaching $38.575. About 79,017 shares traded. California Water Service Group (NYSE:CWT) has risen 6.05% since May 17, 2017 and is uptrending. It has underperformed by 5.50% the S&P500.

Analysts await California Water Service Group (NYSE:CWT) to report earnings on July, 26. They expect $0.34 earnings per share, down 12.82 % or $0.05 from last year’s $0.39 per share. CWT’s profit will be $16.34M for 28.36 P/E if the $0.34 EPS becomes a reality. After $-0.05 actual earnings per share reported by California Water Service Group for the previous quarter, Wall Street now forecasts -780.00 % EPS growth.

Water Asset Management Llc holds 2.43% of its portfolio in California Water Service Group for 111,378 shares. Impax Asset Management Ltd owns 1.74 million shares or 2.18% of their US portfolio. Moreover, Clear Harbor Asset Management Llc has 0.74% invested in the company for 86,988 shares. The Tennessee-based Aldebaran Financial Inc. has invested 0.67% in the stock. American Investment Services Inc., a Massachusetts-based fund reported 33,874 shares.

Since January 1, 0001, it had 5 insider purchases, and 2 insider sales for $82,725 activity.

California Water Service Group (NYSE:CWT) Ratings Coverage

Ratings analysis reveals 0 of California Water Service’s analysts are positive. Out of 3 Wall Street analysts rating California Water Service, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $33 while the high is $34. The stock’s average target of $33 is -14.45% below today’s ($38.575) share price. CWT was included in 4 notes of analysts from March 8, 2018. Wells Fargo upgraded California Water Service Group (NYSE:CWT) on Tuesday, April 3 to “Market Perform” rating. The company was maintained on Friday, March 23 by UBS. The rating was upgraded by Hilliard Lyons on Monday, March 26 to “Neutral”.

Another recent and important California Water Service Group (NYSE:CWT) news was published by Streetinsider.com which published an article titled: “California Water Service (CWT) Responds to SJW Group’s (SJW) ‘Deceptive’ Letter to Stockholders” on May 11, 2018.

California Water Service Group (NYSE:CWT) Institutional Positions Chart

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