Mariner LLC Has $1.42 Million Stock Holdings in California Water Service Group (NYSE:CWT)

Mariner LLC lifted its holdings in shares of California Water Service Group (NYSE:CWT - Free Report) by 36.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,276 shares of the utilities provider's stock after buying an additional 8,299 shares during the quarter. Mariner LLC owned approximately 0.05% of California Water Service Group worth $1,418,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in California Water Service Group by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 7,514,709 shares of the utilities provider's stock worth $340,642,000 after buying an additional 158,295 shares during the last quarter. Geode Capital Management LLC boosted its holdings in California Water Service Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,360,158 shares of the utilities provider's stock valued at $61,670,000 after purchasing an additional 22,192 shares in the last quarter. Invesco Ltd. grew its position in California Water Service Group by 5.6% during the fourth quarter. Invesco Ltd. now owns 928,148 shares of the utilities provider's stock worth $42,073,000 after buying an additional 49,107 shares during the period. Norges Bank purchased a new position in shares of California Water Service Group during the 4th quarter worth approximately $37,998,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of California Water Service Group by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 722,163 shares of the utilities provider's stock worth $32,736,000 after buying an additional 11,205 shares in the last quarter. 82.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CWT has been the topic of several research reports. Wells Fargo & Company raised California Water Service Group from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $56.00 to $52.00 in a research report on Tuesday, January 7th. StockNews.com raised shares of California Water Service Group from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Finally, Seaport Res Ptn raised California Water Service Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th.

California Water Service Group Stock Performance

Shares of CWT traded up $0.08 during mid-day trading on Wednesday, hitting $50.55. The company's stock had a trading volume of 145,718 shares, compared to its average volume of 331,453. California Water Service Group has a one year low of $41.64 and a one year high of $56.25. The firm has a market capitalization of $3.01 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 0.46 and a beta of 0.56. The stock's 50-day moving average is $47.95 and its two-hundred day moving average is $47.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64.

California Water Service Group (NYSE:CWT - Get Free Report) last announced its earnings results on Thursday, February 27th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). The business had revenue of $222.20 million during the quarter, compared to analyst estimates of $216.37 million. California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. During the same quarter last year, the business posted $0.52 earnings per share. As a group, sell-side analysts anticipate that California Water Service Group will post 3.15 EPS for the current 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.