Wells Fargo analyst Jonathan Reeder maintained a Hold rating on California Water Service (NYSE: CWT) today. The company’s shares closed on Friday at $41.10.
According to TipRanks.com, Reeder is ranked #3200 out of 4866 analysts.
The the analyst consensus on California Water Service is currently a Hold rating.
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Based on California Water Service’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $13.02 million. In comparison, last year the company had a net profit of $18.53 million.
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California Water Service Group is a holding company, which engages to provides water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. 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. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.
