Macquarie Group Ltd. Has $281,000 Holdings in California Water Service Group (CWT)

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Macquarie Group Ltd. raised its holdings in shares of California Water Service Group (NYSE:CWT) by 59.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,900 shares of the utilities provider’s stock after acquiring an additional 2,200 shares during the quarter. Macquarie Group Ltd.’s holdings in California Water Service Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. raised its holdings in California Water Service Group by 2.1% during the 4th quarter. BlackRock Inc. now owns 7,470,871 shares of the utilities provider’s stock valued at $356,064,000 after acquiring an additional 155,103 shares during the period. Vanguard Group Inc raised 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 valued at $228,976,000 after acquiring an additional 118,398 shares during the period. Vanguard Group Inc. raised 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 valued at $228,976,000 after acquiring an additional 118,398 shares during the period. Dimensional Fund Advisors LP raised its holdings in California Water Service Group by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,602,002 shares of the utilities provider’s stock valued at $76,351,000 after acquiring an additional 16,628 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in California Water Service Group by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 702,362 shares of the utilities provider’s stock valued at $30,132,000 after acquiring an additional 23,715 shares during the period. 73.41% of the stock is currently owned by institutional investors and hedge funds.

CWT has been the topic of a number of analyst reports. Wells Fargo & Co cut shares of California Water Service Group from a “market perform” rating to an “underperform” rating and set a $50.00 target price on the stock. in a report on Tuesday, March 26th. They noted that the move was a valuation call. ValuEngine cut shares of California Water Service Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 11th. Finally, Zacks Investment Research raised shares of California Water Service Group from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a report on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.50.

CWT opened at $50.25 on Tuesday. The firm has a market cap of $2.43 billion, a PE ratio of 40.17, a PEG ratio of 5.17 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 one year low of $37.67 and a one year 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 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 8.71% and a return on equity of 8.58%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. Sell-side analysts forecast that California Water Service Group will post 1.4 EPS for the current fiscal year.

In other news, insider Elissa Y. Ouyang sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by 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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