Cerity Partners LLC Has $411,000 Position in California Water Service Group (NYSE:CWT)

Cerity Partners LLC grew its holdings in California Water Service Group (NYSE:CWT) by 87.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,923 shares of the utilities provider’s stock after acquiring an additional 3,691 shares during the period. Cerity Partners LLC’s holdings in California Water Service Group were worth $411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in California Water Service Group by 4.0% in the third quarter. Vanguard Group Inc. now owns 7,099,486 shares of the utilities provider’s stock worth $335,877,000 after purchasing an additional 270,786 shares in the last quarter. Nuance Investments LLC raised its position in shares of California Water Service Group by 28.3% during the third quarter. Nuance Investments LLC now owns 2,175,780 shares of the utilities provider’s stock worth $102,936,000 after acquiring an additional 479,457 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of California Water Service Group by 3.1% during the third quarter. Impax Asset Management Group plc now owns 1,570,771 shares of the utilities provider’s stock worth $74,313,000 after acquiring an additional 47,266 shares during the last quarter. Invesco Ltd. raised its position in shares of California Water Service Group by 28.2% during the third quarter. Invesco Ltd. now owns 1,096,314 shares of the utilities provider’s stock worth $51,867,000 after acquiring an additional 240,944 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of California Water Service Group by 4.4% during the third quarter. Northern Trust Corp now owns 1,024,905 shares of the utilities provider’s stock worth $48,488,000 after acquiring an additional 43,285 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their target price on California Water Service Group from $56.00 to $52.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. TheStreet downgraded California Water Service Group from a “b-” rating to a “c+” rating in a research report on Wednesday, February 14th. UBS Group raised California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 target price on the stock in a research note on Thursday, April 4th. Finally, StockNews.com raised California Water Service Group to a “sell” rating in a research note on Saturday, March 9th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, California Water Service Group has an average rating of “Hold” and an average target price of $53.50.

California Water Service Group Trading Up 3.2 %

NYSE CWT opened at $48.05 on Friday. The firm has a market cap of $2.77 billion, a P/E ratio of 53.99 and a beta of 0.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.65. The stock’s 50-day moving average is $46.10 and its 200-day moving average is $48.32. California Water Service Group has a one year low of $43.50 and a one year high of $58.30.

California Water Service Group (NYSE:CWT) last released its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.98). The business had revenue of $214.50 million for the quarter, compared to analyst estimates of $269.41 million. California Water Service Group had a return on equity of 3.75% and a net margin of 6.53%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 EPS. Sell-side analysts anticipate that California Water Service Group will post 2.25 earnings per share for the current fiscal year.

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, 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.