Mackay Shields LLC Purchases 11270 Shares of California Water Service Group (NYSE:CWT)

WINTON GROUP Ltd increased its stake in shares of California Water Service Group by 26.4% during the 4th quarter. WINTON GROUP Ltd now owns …

California Water Service Group logoMackay Shields LLC raised its stake in California Water Service Group (NYSE:CWT) by 50.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 33,570 shares of the utilities provider’s stock after buying an additional 11,270 shares during the quarter. Mackay Shields LLC owned about 0.07% of California Water Service Group worth $1,600,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of California Water Service Group by 2.7% in the 3rd quarter. BlackRock Inc. now owns 7,315,768 shares of the utilities provider’s stock valued at $313,849,000 after buying an additional 194,252 shares during the last quarter. Vanguard Group Inc grew its position 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 acquiring an additional 118,398 shares during the period. Vanguard Group Inc. grew its position 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 acquiring an additional 118,398 shares during the period. WINTON GROUP Ltd increased its stake in shares of California Water Service Group by 26.4% during the 4th quarter. WINTON GROUP Ltd now owns 322,690 shares of the utilities provider’s stock worth $15,379,000 after purchasing an additional 67,453 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of California Water Service Group by 9.2% during the 4th quarter. Geode Capital Management LLC now owns 523,951 shares of the utilities provider’s stock worth $24,971,000 after purchasing an additional 44,255 shares during the last quarter. Institutional investors own 73.42% of the company’s stock.

In other news, Director Lester A. Snow sold 1,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $53.69, for a total transaction of $53,690.00. Following the transaction, the director now owns 18,195 shares in the company, valued at $976,889.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

CWT has been the subject of several recent analyst reports. Wells Fargo & Co downgraded shares of California Water Service Group from a “market perform” rating to an “underperform” rating and set a $50.00 target price for the company. in a research note on Tuesday, March 26th. They noted that the move was a valuation call. Zacks Investment Research lowered California Water Service Group from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Finally, ValuEngine raised California Water Service Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.50.

NYSE CWT opened at $50.93 on Tuesday. The stock has a market cap of $2.49 billion, a PE ratio of 37.45, a P/E/G ratio of 5.28 and a beta of 0.40. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.97. California Water Service Group has a 52-week low of $36.65 and a 52-week high of $55.05.

California Water Service Group (NYSE:CWT) last released its quarterly earnings results on Thursday, February 28th. The utilities provider reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. California Water Service Group had a net margin of 8.71% and a return on equity of 8.58%. The firm had revenue of $167.42 million for the quarter, compared to analysts’ expectations of $163.45 million. During the same period in the prior year, the firm earned $0.31 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts expect that California Water Service Group will post 1.4 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.fairfieldcurrent.com/news/2019/04/09/mackay-shields-llc-has-1-60-million-holdings-in-california-water-service-group-cwt.html.

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.

Further Reading: Cost of Goods Sold (COGS)

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

Receive News & Ratings for California Water Service Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for California Water Service Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

California Water Service Group (CWT) Shares Bought by Legal & General Group Plc

Finally, WINTON GROUP Ltd boosted its stake in California Water Service Group by 26.4% during the 4th quarter. WINTON GROUP Ltd now owns …

California Water Service Group logoLegal & General Group Plc grew its stake in California Water Service Group (NYSE:CWT) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 302,154 shares of the utilities provider’s stock after buying an additional 4,021 shares during the period. Legal & General Group Plc owned 0.63% of California Water Service Group worth $14,383,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CWT. BlackRock Inc. boosted its stake in California Water Service Group by 2.7% during the 3rd quarter. BlackRock Inc. now owns 7,315,768 shares of the utilities provider’s stock worth $313,849,000 after purchasing an additional 194,252 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in California Water Service Group during the 4th quarter worth $6,692,000. Vanguard Group Inc boosted its stake in California Water Service Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Vanguard Group Inc. boosted its stake in California Water Service Group by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in California Water Service Group by 26.4% during the 4th quarter. WINTON GROUP Ltd now owns 322,690 shares of the utilities provider’s stock worth $15,379,000 after purchasing an additional 67,453 shares during the period. Institutional investors and hedge funds own 73.42% of the company’s stock.

In other news, insider Elissa Y. Ouyang sold 1,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $54.03, for a total value of $54,030.00. Following the completion of the sale, the insider now owns 3,680 shares in the company, valued at approximately $198,830.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 2,199 shares of company stock valued at $115,720 in the last 90 days. Company insiders own 1.00% of the company’s stock.

CWT has been the subject of a number of recent research reports. Robert W. Baird upgraded 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 note on Thursday, December 6th. Wells Fargo & Co increased their price target on shares of California Water Service Group from $45.00 to $49.00 and gave the stock a “market perform” rating in a research note on Monday, March 4th. Zacks Investment Research upgraded 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 note on Thursday, January 3rd. Finally, ValuEngine upgraded shares of California Water Service Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. California Water Service Group currently has an average rating of “Hold” and an average target price of $48.50.

CWT stock opened at $51.57 on Friday. California Water Service Group has a one year low of $36.36 and a one year high of $55.05. The firm has a market capitalization of $2.50 billion, a PE ratio of 41.35, a PEG ratio of 5.32 and a beta of 0.40. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.97.

California Water Service Group (NYSE:CWT) last released its earnings results on Thursday, February 28th. The utilities provider reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.04. California Water Service Group had a net margin of 8.71% and a return on equity of 8.58%. The company had revenue of $167.42 million during the quarter, compared to analysts’ expectations of $163.45 million. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that California Water Service Group will post 1.4 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “California Water Service Group (CWT) Shares Bought by Legal & General Group Plc” was originally posted by Modern Readers and is the sole property of of Modern Readers. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.modernreaders.com/news/2019/04/05/california-water-service-group-cwt-shares-bought-by-legal-general-group-plc.html.

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.

Featured Article: Are FAANG stocks a good investment?

Want to see what other hedge funds are holding CWT?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for California Water Service Group (NYSE:CWT).

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

Receive News & Ratings for California Water Service Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for California Water Service Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Metropolitan Life Insurance Co. NY Buys 11679 Shares of California Water Service Group (CWT)

WINTON GROUP Ltd grew its stake in shares of California Water Service Group by 26.4% in the fourth quarter. WINTON GROUP Ltd now owns …

California Water Service Group logoMetropolitan Life Insurance Co. NY increased its stake in California Water Service Group (NYSE:CWT) by 348.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,032 shares of the utilities provider’s stock after buying an additional 11,679 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in California Water Service Group were worth $716,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CWT. BlackRock Inc. grew its stake in shares of California Water Service Group by 2.7% in the third quarter. BlackRock Inc. now owns 7,315,768 shares of the utilities provider’s stock valued at $313,849,000 after buying an additional 194,252 shares in the last quarter. Vanguard Group Inc grew its stake in shares of California Water Service Group by 2.3% in the third 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of California Water Service Group by 2.3% in the third 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 in the last quarter. WINTON GROUP Ltd grew its stake in shares of California Water Service Group by 26.4% in the fourth quarter. WINTON GROUP Ltd now owns 322,690 shares of the utilities provider’s stock valued at $15,379,000 after buying an additional 67,453 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of California Water Service Group by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 523,951 shares of the utilities provider’s stock valued at $24,971,000 after buying an additional 44,255 shares in the last quarter. Institutional investors and hedge funds own 73.42% of the company’s stock.

NYSE:CWT opened at $52.87 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.59. California Water Service Group has a 52 week low of $35.60 and a 52 week high of $55.05. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 38.88, a PEG ratio of 5.54 and a beta of 0.40.

California Water Service Group (NYSE:CWT) last released its earnings results on Thursday, February 28th. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. California Water Service Group had a return on equity of 8.58% and a net margin of 8.71%. The company had revenue of $167.42 million for the quarter, compared to the consensus estimate of $163.45 million. During the same quarter last year, the business posted $0.31 EPS. California Water Service Group’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that California Water Service Group will post 1.4 earnings per share for the current fiscal year.

In other California Water Service Group news, insider Elissa Y. Ouyang sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $54.03, for a total transaction of $54,030.00. Following the transaction, the insider now owns 3,680 shares of the company’s stock, valued at approximately $198,830.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 2,199 shares of company stock worth $115,720. 1.00% of the stock is currently owned by company insiders.

A number of equities research analysts have recently issued reports on CWT shares. 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 note on Thursday, December 6th. Wells Fargo & Co increased their target price on California Water Service Group from $45.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. 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 note on Thursday, January 3rd. Finally, ValuEngine raised California Water Service Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $48.50.

TRADEMARK VIOLATION WARNING: “Metropolitan Life Insurance Co. NY Buys 11,679 Shares of California Water Service Group (CWT)” was posted by Highlight Press and is the sole property of of Highlight Press. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at https://highlightpress.com/2019/04/02/metropolitan-life-insurance-co-ny-buys-11679-shares-of-california-water-service-group-cwt.html.

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.

See Also: What is a put option?

Want to see what other hedge funds are holding CWT?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for California Water Service Group (NYSE:CWT).

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

Receive News & Ratings for California Water Service Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for California Water Service Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Oregon Public Employees Retirement Fund Invests $871000 in California Water Service Group …

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

California Water Service Group logoOregon Public Employees Retirement Fund acquired a new stake in California Water Service Group (NYSE:CWT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,280 shares of the utilities provider’s stock, valued at approximately $871,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CWT. Nuance Investments LLC acquired a new position in California Water Service Group during the 3rd quarter worth about $12,166,000. WINTON GROUP Ltd increased 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 worth $10,950,000 after purchasing an additional 248,378 shares during the period. BlackRock Inc. increased its holdings in California Water Service Group by 2.7% during the 3rd quarter. BlackRock Inc. now owns 7,315,768 shares of the utilities provider’s stock worth $313,849,000 after purchasing an additional 194,252 shares during the period. Vanguard Group Inc increased its holdings in California Water Service Group by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Finally, Vanguard Group Inc. increased its holdings in California Water Service Group by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Hedge funds and other institutional investors own 73.42% of the company’s stock.

CWT has been the topic of several recent research reports. Robert W. Baird upgraded California Water Service Group from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Thursday, December 6th. Wells Fargo & Co upped their price target on California Water Service Group from $45.00 to $49.00 and gave the stock a “market perform” rating in a report on Monday, March 4th. Zacks Investment Research upgraded California Water Service Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Thursday, January 3rd. Finally, ValuEngine upgraded California Water Service Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $48.50.

Shares of CWT traded up $0.15 during mid-day trading on Friday, reaching $54.28. The company’s stock had a trading volume of 307,700 shares, compared to its average volume of 195,741. California Water Service Group has a 12-month low of $35.60 and a 12-month high of $55.05. The company has a market cap of $2.60 billion, a P/E ratio of 39.91, a PEG ratio of 5.52 and a beta of 0.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.59.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, February 28th. The utilities provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. California Water Service Group had a return on equity of 8.58% and a net margin of 8.71%. The business had revenue of $167.42 million for the quarter, compared to the consensus estimate of $163.45 million. During the same quarter in the prior year, the business posted $0.31 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts predict that California Water Service Group will post 1.4 earnings per share for the current fiscal year.

In related news, insider Elissa Y. Ouyang sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $54.03, for a total transaction of $54,030.00. Following the transaction, the insider now owns 3,680 shares in the company, valued at approximately $198,830.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 2,199 shares of company stock worth $115,720. Company insiders own 1.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Oregon Public Employees Retirement Fund Invests $871,000 in California Water Service Group (CWT) Stock” was first posted by PressOracle and is the property of of PressOracle. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://pressoracle.com/news/2019/03/29/oregon-public-employees-retirement-fund-purchases-new-position-in-california-water-service-group-cwt.html.

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.

Read More: What does the Producer Price Index (PPI) tell investors?

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

Receive News & Ratings for California Water Service Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for California Water Service Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

California Water Service Group (CWT) Position Lifted by Advisors Asset Management Inc.

WINTON GROUP Ltd lifted its position in California Water Service Group by 3,621.2% in the third quarter. WINTON GROUP Ltd now owns 255,237 …

California Water Service Group logoAdvisors Asset Management Inc. increased its position in California Water Service Group (NYSE:CWT) by 47.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 649 shares of the utilities provider’s stock after buying an additional 209 shares during the period. Advisors Asset Management Inc.’s holdings in California Water Service Group were worth $31,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nuance Investments LLC acquired a new stake in shares of California Water Service Group in the third quarter worth $12,166,000. WINTON GROUP Ltd lifted its position in California Water Service Group by 3,621.2% in the third quarter. WINTON GROUP Ltd now owns 255,237 shares of the utilities provider’s stock worth $10,950,000 after purchasing an additional 248,378 shares during the period. BlackRock Inc. lifted its position in California Water Service Group by 2.7% in the third quarter. BlackRock Inc. now owns 7,315,768 shares of the utilities provider’s stock worth $313,849,000 after purchasing an additional 194,252 shares during the period. Vanguard Group Inc lifted its position in California Water Service Group by 2.3% in the third quarter. Vanguard Group Inc now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Finally, Vanguard Group Inc. lifted its position in California Water Service Group by 2.3% in the third quarter. Vanguard Group Inc. now owns 5,337,436 shares of the utilities provider’s stock worth $228,976,000 after purchasing an additional 118,398 shares during the period. Institutional investors own 73.14% of the company’s stock.

In other news, insider Elissa Y. Ouyang sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $54.03, for a total transaction of $54,030.00. Following the completion of the transaction, the insider now directly owns 3,680 shares in the company, valued at approximately $198,830.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 2,199 shares of company stock valued at $115,720 over the last 90 days. Corporate insiders own 1.00% of the company’s stock.

CWT stock traded down $0.85 during midday trading on Friday, reaching $53.73. The stock had a trading volume of 148,922 shares, compared to its average volume of 179,069. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 5.57 and a beta of 0.40. California Water Service Group has a twelve month low of $35.60 and a twelve month high of $55.05.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings data on Thursday, February 28th. The utilities provider reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. The firm had revenue of $167.42 million during the quarter, compared to analyst estimates of $163.45 million. California Water Service Group had a return on equity of 8.58% and a net margin of 8.71%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. Sell-side analysts predict that California Water Service Group will post 1.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 11th were given a dividend of $0.1975 per share. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Friday, February 8th. California Water Service Group’s payout ratio is presently 58.09%.

A number of research analysts have issued reports on the company. Zacks Investment Research cut California Water Service Group from a “hold” rating to a “sell” rating in a report on Monday, February 11th. ValuEngine raised California Water Service Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. 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 note on Thursday, December 6th. Finally, Wells Fargo & Co raised their target price on California Water Service Group from $45.00 to $49.00 and gave the company a “market perform” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $45.20.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Fairfield Current and is owned by of Fairfield Current. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/03/23/california-water-service-group-cwt-shares-bought-by-advisors-asset-management-inc.html.

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.

Featured Story: Why is the conference call important?

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

Receive News & Ratings for California Water Service Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for California Water Service Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts