California Water Service Group (CWT) Expected to Announce Earnings of $0.28 Per Share

WINTON GROUP Ltd increased its stake in shares of California Water Service Group by 3,621.2% in the 3rd quarter. WINTON GROUP Ltd now owns …

California Water Service Group logoBrokerages expect that California Water Service Group (NYSE:CWT) will announce earnings per share (EPS) of $0.28 for the current quarter, according to Zacks. Two analysts have made estimates for California Water Service Group’s earnings, with estimates ranging from $0.26 to $0.32. California Water Service Group reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 7th.

According to Zacks, analysts expect that California Water Service Group will report full year earnings of $1.22 per share for the current year, with EPS estimates ranging from $1.20 to $1.24. For the next fiscal year, analysts expect that the company will post earnings of $1.42 per share, with EPS estimates ranging from $1.39 to $1.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for California Water Service Group.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.72 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.72. The company had revenue of $219.00 million during the quarter, compared to the consensus estimate of $249.64 million. California Water Service Group had a return on equity of 8.44% and a net margin of 8.54%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.70 EPS.

Several equities analysts recently commented on CWT shares. Zacks Investment Research upgraded California Water Service Group from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Thursday, January 3rd. Robert W. Baird upgraded California Water Service Group from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Thursday, December 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. California Water Service Group presently has a consensus rating of “Hold” and a consensus price target of $44.20.

Shares of California Water Service Group stock traded up $0.46 during midday trading on Friday, hitting $47.24. 193,756 shares of the company were exchanged, compared to its average volume of 194,609. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.62 and a quick ratio of 0.60. The company has a market capitalization of $2.27 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 4.76 and a beta of 0.38. California Water Service Group has a 52 week low of $35.25 and a 52 week high of $49.07.

In related news, VP David B. Healey sold 1,000 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $45.18, for a total transaction of $45,180.00. Following the completion of the sale, the vice president now directly owns 13,492 shares of the company’s stock, valued at approximately $609,568.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in CWT. BlackRock Inc. increased its stake in shares of California Water Service Group by 9.0% in the 2nd quarter. BlackRock Inc. now owns 7,121,516 shares of the utilities provider’s stock valued at $277,382,000 after buying an additional 590,505 shares during the period. Nuance Investments LLC acquired a new stake in shares of California Water Service Group in the 3rd quarter valued at $12,166,000. WINTON GROUP Ltd increased its stake in shares of California Water Service Group by 3,621.2% in the 3rd quarter. WINTON GROUP Ltd now owns 255,237 shares of the utilities provider’s stock valued at $10,950,000 after buying an additional 248,378 shares during the period. Vanguard Group Inc. increased its stake in shares of California Water Service Group by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,337,436 shares of the utilities provider’s stock valued at $228,976,000 after buying an additional 118,398 shares during the period. Finally, Vanguard Group Inc increased its stake in shares of California Water Service Group by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 5,337,436 shares of the utilities provider’s stock valued at $228,976,000 after buying an additional 118,398 shares during the period. 72.33% of the stock is owned by hedge funds and other institutional investors.

California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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California Water Service Group (NYSE:CWT) Holdings Raised by Dimensional Fund Advisors LP

WINTON GROUP Ltd grew its holdings in California Water Service Group by 3,621.2% during the 3rd quarter. WINTON GROUP Ltd now owns …

California Water Service Group logoDimensional Fund Advisors LP boosted its stake in California Water Service Group (NYSE:CWT) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,585,374 shares of the utilities provider’s stock after purchasing an additional 8,560 shares during the quarter. Dimensional Fund Advisors LP owned about 3.30% of California Water Service Group worth $68,010,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in California Water Service Group by 9.0% during the 2nd quarter. BlackRock Inc. now owns 7,121,516 shares of the utilities provider’s stock valued at $277,382,000 after purchasing an additional 590,505 shares during the last quarter. Nuance Investments LLC bought a new position in California Water Service Group during the 3rd quarter valued at about $12,166,000. WINTON GROUP Ltd grew its holdings in California Water Service Group by 3,621.2% during the 3rd quarter. WINTON GROUP Ltd now owns 255,237 shares of the utilities provider’s stock valued at $10,950,000 after purchasing an additional 248,378 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in California Water Service Group during the 3rd quarter valued at about $4,702,000. Finally, Water Asset Management LLC bought a new position in California Water Service Group during the 2nd quarter valued at about $1,675,000. Hedge funds and other institutional investors own 72.33% of the company’s stock.

Shares of California Water Service Group stock opened at $45.86 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 1.00. California Water Service Group has a 12-month low of $35.25 and a 12-month high of $49.07. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 32.76, a P/E/G ratio of 4.78 and a beta of 0.38.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.72 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.72. The firm had revenue of $219.00 million for the quarter, compared to analyst estimates of $249.64 million. California Water Service Group had a net margin of 8.54% and a return on equity of 8.44%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. Research analysts forecast that California Water Service Group will post 1.22 EPS for the current year.

Several equities research analysts have issued reports on CWT shares. Zacks Investment Research raised shares of California Water Service Group from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Thursday. Evercore ISI initiated coverage on shares of California Water Service Group in a research report on Monday, September 17th. They issued an “in-line” rating and a $42.00 price target for the company. Finally, Robert W. Baird raised shares of California Water Service Group from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. California Water Service Group currently has an average rating of “Hold” and an average price target of $44.20.

In related news, VP David B. Healey sold 1,000 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $45.18, for a total transaction of $45,180.00. Following the sale, the vice president now owns 13,492 shares in the company, valued at $609,568.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.00% of the stock is owned by corporate insiders.

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About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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BlackRock Inc. Purchases 194252 Shares of California Water Service Group (CWT)

BlackRock Inc. boosted its stake in California Water Service Group (NYSE:CWT) by 2.7% during the third quarter, according to its most recent Form …

California Water Service Group logoBlackRock Inc. boosted its stake in California Water Service Group (NYSE:CWT) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,315,768 shares of the utilities provider’s stock after purchasing an additional 194,252 shares during the quarter. BlackRock Inc. owned about 15.22% of California Water Service Group worth $313,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. North Point Portfolio Managers Corp OH purchased a new stake in California Water Service Group in the third quarter valued at approximately $202,000. PEAK6 Investments L.P. raised its stake in California Water Service Group by 147.4% in the second quarter. PEAK6 Investments L.P. now owns 5,468 shares of the utilities provider’s stock valued at $213,000 after purchasing an additional 17,000 shares in the last quarter. Mission Wealth Management LP purchased a new stake in California Water Service Group in the third quarter valued at approximately $213,000. Wellington Shields & Co. LLC purchased a new stake in California Water Service Group in the third quarter valued at approximately $214,000. Finally, Janney Montgomery Scott LLC purchased a new stake in California Water Service Group in the second quarter valued at approximately $229,000. 72.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE CWT opened at $46.86 on Monday. California Water Service Group has a one year low of $35.25 and a one year high of $49.07. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 1.00. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 33.47, a price-to-earnings-growth ratio of 5.49 and a beta of 0.50.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.72 EPS for the quarter, meeting analysts’ consensus estimates of $0.72. California Water Service Group had a net margin of 8.54% and a return on equity of 8.44%. The business had revenue of $219.00 million for the quarter, compared to analysts’ expectations of $249.64 million. During the same period last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts predict that California Water Service Group will post 1.22 EPS for the current fiscal year.

In other California Water Service Group news, VP David B. Healey sold 1,000 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $45.18, for a total transaction of $45,180.00. Following the transaction, the vice president now directly owns 13,492 shares in the company, valued at $609,568.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

A number of brokerages recently weighed in on CWT. Robert W. Baird raised shares of California Water Service Group from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Thursday, December 6th. Zacks Investment Research downgraded shares of California Water Service Group from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Evercore ISI began coverage on shares of California Water Service Group in a research note on Monday, September 17th. They issued an “in-line” rating and a $42.00 target price on the stock. Finally, Wells Fargo & Co began coverage on shares of California Water Service Group in a research note on Monday, August 27th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.25.

COPYRIGHT VIOLATION WARNING: “BlackRock Inc. Purchases 194,252 Shares of California Water Service Group (CWT)” was originally posted by Fairfield Current and is the property of of Fairfield Current. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.fairfieldcurrent.com/news/2018/12/24/california-water-service-group-cwt-stake-increased-by-blackrock-inc.html.

California Water Service Group Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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California Water Service Group (NYSE:CWT) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd grew its stake in shares of California Water Service Group (NYSE:CWT) by 3,621.2% during the third quarter, according to the …

California Water Service Group logoWINTON GROUP Ltd grew its stake in shares of California Water Service Group (NYSE:CWT) by 3,621.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 255,237 shares of the utilities provider’s stock after purchasing an additional 248,378 shares during the quarter. WINTON GROUP Ltd owned 0.53% of California Water Service Group worth $10,950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Steward Partners Investment Advisory LLC acquired a new position in shares of California Water Service Group during the second quarter worth approximately $156,000. North Point Portfolio Managers Corp OH acquired a new stake in California Water Service Group in the third quarter worth approximately $202,000. Mission Wealth Management LP acquired a new stake in California Water Service Group in the third quarter worth approximately $213,000. PEAK6 Investments L.P. lifted its position in California Water Service Group by 147.4% in the second quarter. PEAK6 Investments L.P. now owns 5,468 shares of the utilities provider’s stock worth $213,000 after purchasing an additional 17,000 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in California Water Service Group in the second quarter worth approximately $229,000. 72.61% of the stock is currently owned by institutional investors and hedge funds.

CWT has been the subject of a number of research analyst reports. Wells Fargo & Co reiterated a “market perform” rating and set a $44.00 price objective on shares of California Water Service Group in a research report on Monday, August 27th. Zacks Investment Research upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Evercore ISI began coverage on California Water Service Group in a research report on Monday, September 17th. They set an “in-line” rating and a $42.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $39.67.

In other news, VP David B. Healey sold 1,000 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $41.76, for a total value of $41,760.00. Following the transaction, the vice president now directly owns 14,492 shares of the company’s stock, valued at $605,185.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Shares of NYSE:CWT opened at $45.39 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.60 and a current ratio of 0.62. California Water Service Group has a 12-month low of $35.25 and a 12-month high of $46.15. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 5.09 and a beta of 0.50.

California Water Service Group (NYSE:CWT) last announced its earnings results on Thursday, November 1st. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.72. California Water Service Group had a net margin of 8.54% and a return on equity of 8.44%. The company had revenue of $219.00 million for the quarter, compared to the consensus estimate of $249.64 million. During the same period in the previous year, the business earned $0.70 EPS. The company’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts forecast that California Water Service Group will post 1.22 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 12th will be paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, November 8th. California Water Service Group’s dividend payout ratio (DPR) is presently 53.57%.

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California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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WINTON GROUP Ltd Reduces Stake in California Water Service Group (NYSE:CWT)

WINTON GROUP Ltd cut its holdings in California Water Service Group (NYSE:CWT) by 36.8% in the second quarter, according to its most recent …

California Water Service Group logoWINTON GROUP Ltd cut its holdings in California Water Service Group (NYSE:CWT) by 36.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,859 shares of the utilities provider’s stock after selling 3,995 shares during the quarter. WINTON GROUP Ltd’s holdings in California Water Service Group were worth $267,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of California Water Service Group by 9.0% in the 2nd quarter. BlackRock Inc. now owns 7,121,516 shares of the utilities provider’s stock worth $277,382,000 after purchasing an additional 590,505 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in California Water Service Group by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,577,716 shares of the utilities provider’s stock worth $58,770,000 after purchasing an additional 7,036 shares in the last quarter. Northern Trust Corp increased its stake in California Water Service Group by 5.7% during the 1st quarter. Northern Trust Corp now owns 799,917 shares of the utilities provider’s stock worth $29,796,000 after purchasing an additional 43,225 shares in the last quarter. Bank of New York Mellon Corp increased its stake in California Water Service Group by 1.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 678,647 shares of the utilities provider’s stock worth $26,434,000 after purchasing an additional 9,582 shares in the last quarter. Finally, Millennium Management LLC increased its stake in California Water Service Group by 95.9% during the 1st quarter. Millennium Management LLC now owns 563,256 shares of the utilities provider’s stock worth $20,981,000 after purchasing an additional 275,788 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.

In other California Water Service Group news, VP David B. Healey sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $41.76, for a total transaction of $41,760.00. Following the completion of the sale, the vice president now owns 14,492 shares of the company’s stock, valued at approximately $605,185.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

CWT has been the subject of a number of research reports. Evercore ISI initiated coverage on California Water Service Group in a research note on Monday, September 17th. They set an “in-line” rating and a $42.00 target price for the company. Zacks Investment Research raised California Water Service Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Wells Fargo & Co assumed coverage on California Water Service Group in a research note on Monday, August 27th. They set a “market perform” rating for the company. Finally, ValuEngine raised shares of California Water Service Group from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. California Water Service Group currently has a consensus rating of “Hold” and an average target price of $39.67.

Shares of CWT traded up $0.86 during mid-day trading on Tuesday, hitting $43.11. 215,900 shares of the company’s stock were exchanged, compared to its average volume of 291,130. California Water Service Group has a 52 week low of $35.25 and a 52 week high of $46.15. The stock has a market capitalization of $2.01 billion, a P/E ratio of 30.79, a P/E/G ratio of 4.77 and a beta of 0.54. The company has a quick ratio of 0.29, a current ratio of 0.30 and a debt-to-equity ratio of 0.60.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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