WINTON GROUP Ltd Has $10.95 Million Position in California Water Service Group (CWT)

WINTON GROUP Ltd boosted its position in California Water Service Group (NYSE:CWT) by 3,621.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,237 shares of the utilities provider’s stock after acquiring 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.

A number of other institutional investors also recently made changes to their positions in the business. Financial Counselors Inc. increased its stake in California Water Service Group by 1.1% in the second quarter. Financial Counselors Inc. now owns 126,774 shares of the utilities provider’s stock valued at $4,938,000 after purchasing an additional 1,364 shares during the last quarter. US Bancorp DE increased its stake in California Water Service Group by 23.3% in the second quarter. US Bancorp DE now owns 7,582 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 1,432 shares during the last quarter. Cornerstone Wealth Management LLC increased its stake in California Water Service Group by 2.6% in the third quarter. Cornerstone Wealth Management LLC now owns 64,478 shares of the utilities provider’s stock valued at $1,575,000 after purchasing an additional 1,653 shares during the last quarter. Stephens Inc. AR increased its stake in California Water Service Group by 17.8% in the second quarter. Stephens Inc. AR now owns 22,570 shares of the utilities provider’s stock valued at $879,000 after purchasing an additional 3,411 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in California Water Service Group by 3.1% in the third quarter. Wells Fargo & Company MN now owns 121,413 shares of the utilities provider’s stock valued at $5,208,000 after purchasing an additional 3,595 shares during the last quarter. Institutional investors own 72.16% of the company’s stock.

Shares of California Water Service Group stock opened at $44.21 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 5.26 and a beta of 0.50. California Water Service Group has a 52 week low of $35.25 and a 52 week high of $46.15. 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 (NYSE:CWT) last announced its earnings results on Thursday, November 1st. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.72. The business 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 company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Analysts anticipate that California Water Service Group will post 1.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Monday, November 12th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.70%. California Water Service Group’s dividend payout ratio (DPR) is presently 53.57%.

Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of California Water Service Group from a “hold” rating to a “sell” rating in a research note on Monday, November 5th. Evercore ISI assumed 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 price target on the stock. Finally, Wells Fargo & Co assumed 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 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 currently has an average rating of “Hold” and a consensus target price of $39.67.

In other news, VP David B. Healey sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $41.76, for a total transaction of $41,760.00. Following the transaction, the vice president now directly owns 14,492 shares in the company, valued at $605,185.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

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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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