California State Teachers Retirement System Has $2.93 Million Position in California Water Service Group (CWT)

California State Teachers Retirement System decreased its holdings in California Water Service Group (NYSE:CWT) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,913 shares of the utilities provider’s stock after selling 8,208 shares during the quarter. California State Teachers Retirement System owned 0.16% of California Water Service Group worth $2,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWT. Riverhead Capital Management LLC raised its holdings in California Water Service Group by 66.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 1,661 shares during the period. SG Americas Securities LLC acquired a new position in California Water Service Group in the 3rd quarter worth about $160,000. Flinton Capital Management LLC raised its holdings in California Water Service Group by 60.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 2,108 shares during the period. PNC Financial Services Group Inc. raised its holdings in California Water Service Group by 24.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,694 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 1,119 shares during the period. Finally, ELCO Management Co. LLC acquired a new position in California Water Service Group in the 2nd quarter worth about $225,000. 69.54% of the stock is owned by institutional investors.

Shares of California Water Service Group (NYSE CWT) opened at $43.10 on Friday. California Water Service Group has a 52 week low of $32.55 and a 52 week high of $46.15. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2,070.00, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 5.11 and a beta of 0.74.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.02. California Water Service Group had a return on equity of 10.31% and a net margin of 10.46%. The company had revenue of $211.70 million during the quarter, compared to analyst estimates of $203.00 million. During the same period in the previous year, the business earned $0.48 EPS. California Water Service Group’s quarterly revenue was up 14.9% on a year-over-year basis. equities analysts anticipate that California Water Service Group will post 1.33 earnings per share for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research lowered California Water Service Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Barclays boosted their price objective on California Water Service Group from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. California Water Service Group presently has an average rating of “Hold” and an average target price of $36.75.

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California Water Service Group Company Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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

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