4 hours Ago By Defense World Staff
Victory Capital Management Inc. lessened its stake in shares of California Water Service Group (NYSE:CWT – Free Report) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 182,713 shares of the utilities provider’s stock after selling 18,758 shares during the quarter. Victory Capital Management Inc. owned 0.
31% of California Water Service Group worth $8,282,000 as of its most recent SEC filing. Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of California Water Service Group by 1.
8% in the third quarter. Geode Capital Management LLC now owns 1,337,966 shares of the utilities provider’s stock valued at $72,559,000 after purchasing an additional 24,275 shares during the period. Charles Schwab Investment Management Inc.
boosted its stake in shares of California Water Service Group by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc.
now owns 722,163 shares of the utilities provider’s stock valued at $32,736,000 after purchasing an additional 11,205 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of California Water Service Group by 21.2% in the fourth quarter.
Bank of New York Mellon Corp now owns 634,179 shares of the utilities provider’s stock valued at $28,747,000 after purchasing an additional 110,962 shares during the period. Principal Financial Group Inc. boosted its stake in shares of California Water Service Group by 4.
1% in the fourth quarter. Principal Financial Group Inc. now owns 288,923 shares of the utilities provider’s stock valued at $13,097,000 after purchasing an additional 11,328 shares during the period.
Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of California Water Service Group by 2.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 214,299 shares of the utilities provider’s stock valued at $11,619,000 after purchasing an additional 6,081 shares during the period.
Hedge funds and other institutional investors own 82.78% of the company’s stock. California Water Service Group Price PerformanceShares of NYSE CWT opened at $47.
45 on Friday. The firm has a market capitalization of $2.82 billion, a P/E ratio of 13.
71, a PEG ratio of 0.46 and a beta of 0.49.
California Water Service Group has a one year low of $41.64 and a one year high of $56.25.
The company’s fifty day moving average is $45.08 and its two-hundred day moving average is $49.13.
The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.
64. California Water Service Group (NYSE:CWT – Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.
33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05).
California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%.
The firm had revenue of $222.20 million for the quarter, compared to analyst estimates of $216.37 million.
During the same period last year, the firm earned $0.52 EPS. Analysts forecast that California Water Service Group will post 3.
15 EPS for the current fiscal year. California Water Service Group Increases DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.
30 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.
20 dividend on an annualized basis and a dividend yield of 2.53%. This is an increase from California Water Service Group’s previous quarterly dividend of $0.
28. California Water Service Group’s dividend payout ratio is currently 36.70%.
Analyst Upgrades and DowngradesSeveral research analysts have recently commented on the stock. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th.
Bank of America initiated coverage on shares of California Water Service Group in a report on Wednesday, December 11th. They issued a “buy” rating and a $57.00 target price on the stock.
Finally, Wells Fargo & Company raised shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $56.00 to $52.00 in a report on Tuesday, January 7th.
Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, California Water Service Group has a consensus rating of “Moderate Buy” and a consensus price target of $53.25.
View Our Latest Stock Report on CWTCalifornia Water Service Group Profile (Free Report)California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. 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 services.Further ReadingFive stocks we like better than California Water Service Group3 Ways To Invest In Coffee, Other Than Drinking ItRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat Percentage Gainers Tell Investors and Why They Don’t Tell the Whole StoryHow Super Micro Computer Stock Is Defying the Market Sell-OffHow to invest in marijuana stocks in 7 steps AppLovin vs.
HPE: Which Tech Stock Can Bounce Back Faster?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 – Free Report)..
