California Water Service Group (CWT) : Dalton Greiner Hartman Maher Co reduced its stake in California Water Service Group by 24.8% during the most recent quarter end. The investment management company now holds a total of 466,202 shares of California Water Service Group which is valued at $15,165,551 after selling 153,771 shares in California Water Service Group , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.California Water Service Group makes up approximately 1.00% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CWT by selling 201 shares or 13.93% in the most recent quarter. The Hedge Fund company now holds 1,242 shares of CWT which is valued at $40,402.Capstone Asset Management Co boosted its stake in CWT in the latest quarter, The investment management firm added 360 additional shares and now holds a total of 15,352 shares of California Water Service Group which is valued at $490,650. California Water Service Group makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in CWT by selling 10,697 shares or 48.42% in the most recent quarter. The Hedge Fund company now holds 11,393 shares of CWT which is valued at $351,360.
California Water Service Group opened for trading at $31.86 and hit $31.98 on the upside on Tuesday, eventually ending the session at $31.96, with a gain of 0.66% or 0.21 points. The heightened volatility saw the trading volume jump to 2,67,062 shares. Company has a market cap of $1,533 M.
On the company’s financial health, California Water Service Group reported $0.24 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.24. The company had revenue of $152.40 million for the quarter, compared to analysts expectations of $146.00 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on California Water Service Group. Robert W. Baird Initiated California Water Service Group on Oct 14, 2016 to “Neutral”, Price Target of the shares are set at $33.Shares were Reiterated by Barclays on Sep 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 31 from a previous price target of $33 .
California Water Service Group is a holding company. The Company through its wholly owned subsidiaries provides water utility and other related services in California Washington New Mexico and Hawaii. It operates through six operating subsidiaries: California Water Service Company (Cal Water) New Mexico Water Service Company (New Mexico Water) Washington Water Service Company (Washington Water) Hawaii Water Service Company Inc. (Hawaii Water) and CWS Utility Services and HWS Utility Services LLC (collectively Utility Services). Utility Services provides non-regulated services to private companies and municipalities. Its business consists of the production purchase storage treatment testing distribution and sale of water for domestic industrial public and irrigation uses and for fire protection. Its non-regulated services include full water system operation billing and meter reading services.