Gabelli & Company Maintains California Water Service Goup Hold (CWT)

Gabelli & Company maintained its California Water Service Group CWT Hold rating in a research report published today. In the report, Gabelli & Company states, "Lower earnings results were expected given regulatory lag associated with the timing of rate filings. 2010 was the last year in the transition to a three-year rate case cycle in CA and one-third of the districts had gone more than four years without a general rate increase." Shares of California Water Service Group were trading at $35.81 at the time of posting, down 0.72% from Wednesday's market close.