Fintel reports that on January 7, 2025, Wells Fargo upgraded their outlook for California Water Service Group (NYSE:CWT) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 32.29% Upside
As of December 23, 2024, the average one-year price target for California Water Service Group is $58.14/share. The forecasts range from a low of $56.56 to a high of $60.90. The average price target represents an increase of 32.29% from its latest reported closing price of $43.95 / share.
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The projected annual revenue for California Water Service Group is 929MM, a decrease of 9.74%. The projected annual non-GAAP EPS is 2.45.
What is the Fund Sentiment?
There are 641 funds or institutions reporting positions in California Water Service Group. This is an increase of 57 owner(s) or 9.76% in the last quarter. Average portfolio weight of all funds dedicated to CWT is 0.14%, an increase of 10.93%. Total shares owned by institutions decreased in the last three months by 0.30% to 59,863K shares. 
The put/call ratio of CWT is 2.59, indicating a bearish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,767K shares representing 6.33% ownership of the company. In its prior filing, the firm reported owning 3,735K shares , representing an increase of 0.86%. The firm increased its portfolio allocation in CWT by 1.22% over the last quarter.
T. Rowe Price Investment Management holds 3,321K shares representing 5.58% ownership of the company. In its prior filing, the firm reported owning 3,140K shares , representing an increase of 5.47%. The firm increased its portfolio allocation in CWT by 13.02% over the last quarter.
Amundi holds 2,172K shares representing 3.65% ownership of the company. In its prior filing, the firm reported owning 1,859K shares , representing an increase of 14.41%. The firm decreased its portfolio allocation in CWT by 93.85% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,913K shares representing 3.22% ownership of the company. In its prior filing, the firm reported owning 1,820K shares , representing an increase of 4.89%. The firm increased its portfolio allocation in CWT by 10.43% over the last quarter.
Nuance Investments holds 1,634K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 2,676K shares , representing a decrease of 63.78%. The firm decreased its portfolio allocation in CWT by 24.96% over the last quarter.
California Water Service Group Background Information
(This description is provided by the company.)
California Water Service Group is the parent company of California Water Service, Washington Water Service, New Mexico Water Service, Hawaii Water Service, CWS Utility Services, and HWS Utility Services. Together, these companies provide regulated and non-regulated water service to nearly 2 million people in California, Washington, New Mexico, and Hawaii.
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