Man Group plc Has $4.60 Million Stock Holdings in California Water Service Group (NYSE:CWT)

Man Group plc lifted its holdings in California Water Service Group (NYSE:CWT - Free Report) by 102.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 101,490 shares of the utilities provider's stock after buying an additional 51,283 shares during the quarter. Man Group plc owned about 0.17% of California Water Service Group worth $4,601,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Nuveen Asset Management LLC raised its holdings in California Water Service Group by 5.1% during the 4th quarter. Nuveen Asset Management LLC now owns 317,419 shares of the utilities provider's stock worth $14,389,000 after purchasing an additional 15,405 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in California Water Service Group by 8.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 43,531 shares of the utilities provider's stock worth $1,973,000 after purchasing an additional 3,505 shares during the last quarter. Graham Capital Management L.P. raised its holdings in California Water Service Group by 153.7% during the 4th quarter. Graham Capital Management L.P. now owns 35,666 shares of the utilities provider's stock worth $1,617,000 after purchasing an additional 21,606 shares during the last quarter. Ethic Inc. raised its holdings in California Water Service Group by 27.7% during the 4th quarter. Ethic Inc. now owns 6,563 shares of the utilities provider's stock worth $297,000 after purchasing an additional 1,425 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its holdings in California Water Service Group by 132.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 37,197 shares of the utilities provider's stock worth $1,686,000 after purchasing an additional 21,220 shares during the last quarter. 82.78% of the stock is owned by institutional investors.

California Water Service Group Trading Up 0.0%

Shares of California Water Service Group stock traded up $0.02 during trading on Tuesday, hitting $47.04. 374,686 shares of the company were exchanged, compared to its average volume of 332,530. The firm has a market capitalization of $2.80 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.46 and a beta of 0.70. California Water Service Group has a 1-year low of $41.64 and a 1-year high of $56.25. The firm's fifty day moving average price is $48.44 and its 200 day moving average price is $47.27. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60.

California Water Service Group (NYSE:CWT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The business had revenue of $203.97 million during the quarter, compared to analyst estimates of $194.80 million. During the same period in the previous year, the firm earned $1.21 EPS. California Water Service Group's quarterly revenue was down 24.7% compared to the same quarter last year. As a group, sell-side analysts expect that California Water Service Group will post 3.15 earnings per share for the current fiscal year.

California Water Service Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Monday, May 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.20 annualized dividend and a dividend yield of 2.55%. California Water Service Group's dividend payout ratio is presently 52.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on California Water Service Group from $54.00 to $59.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Seaport Res Ptn upgraded California Water Service Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, Wall Street Zen lowered California Water Service Group from a "hold" rating to a "sell" rating in a research report on Saturday.

About California Water Service Group

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.