Notable Reporting: Is Buying California Water Service Group Here a Winning Strategy?

Notable Reporting: Is Buying California Water Service Group Here a Winning Strategy?

The stock of California Water Service Group (NYSE:CWT) is a huge mover today! About 144,395 shares traded hands. California Water Service Group (NYSE:CWT) has risen 16.24% since March 7, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.
The move comes after 8 months positive chart setup for the $1.50 billion company. It was reported on Oct, 10 by Barchart.com. We have $38.20 PT which if reached, will make NYSE:CWT worth $315.00M more.

Analysts await California Water Service Group (NYSE:CWT) to report earnings on October, 26. They expect $0.58 earnings per share, up 11.54% or $0.06 from last year’s $0.52 per share. CWT’s profit will be $27.56 million for 13.61 P/E if the $0.58 EPS becomes a reality. After $0.24 actual earnings per share reported by California Water Service Group for the previous quarter, Wall Street now forecasts 141.67% EPS growth.

California Water Service Group (NYSE:CWT) Ratings Coverage

Out of 5 analysts covering California Water Service (NYSE:CWT), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. California Water Service has been the topic of 6 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, April 4. The firm has “Hold” rating by Gabelli given on Monday, March 7. Barclays Capital maintained it with “Equal Weight” rating and $31 target price in Tuesday, September 6 report. The stock of California Water Service Group (NYSE:CWT) has “Neutral” rating given on Tuesday, April 19 by Janney Capital. Robert W. Baird downgraded California Water Service Group (NYSE:CWT) on Friday, February 26 to “Neutral” rating. The stock of California Water Service Group (NYSE:CWT) has “Buy” rating given on Monday, August 3 by Hilliard Lyons.

According to Zacks Investment Research, “California Water Service Company’s business, which is carried on through its operating subsidiaries, consists of the production, purchase, storage, purification, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection. It also provides water related services under agreements with municipalities and other private companies. The nonregulated services include full water system operation, and billing and meter reading services.”

Insitutional Activity: The institutional sentiment decreased to 0.99 in 2016 Q2. Its down 0.40, from 1.39 in 2016Q1. The ratio fall, as 22 funds sold all California Water Service Group shares owned while 51 reduced positions. 17 funds bought stakes while 55 increased positions. They now own 33.77 million shares or 0.87% more from 33.48 million shares in 2016Q1.
Glenmede Na accumulated 0% or 77 shares. Moreover, New York State Teachers Retirement has 0% invested in California Water Service Group (NYSE:CWT) for 34,931 shares. First Advsrs L P last reported 0.01% of its portfolio in the stock. Tortoise Advisors Llc reported 99 shares or 0% of all its holdings. Mitchell Mcleod Pugh Williams last reported 8,280 shares in the company. Teacher Retirement System Of Texas holds 6,719 shares or 0% of its portfolio. Deutsche Comml Bank Ag holds 0% of its portfolio in California Water Service Group (NYSE:CWT) for 158,915 shares. The New York-based Robecosam Usa has invested 1.27% in California Water Service Group (NYSE:CWT). Geode Capital Mgmt Ltd Limited Liability Company accumulated 0.01% or 343,039 shares. Metropolitan Life Ny has 0.01% invested in the company for 33,530 shares. Baillie Gifford Company has 483,766 shares for 0.03% of their US portfolio. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 44,812 shares. State Of Tennessee Treasury Department holds 0.01% or 39,036 shares in its portfolio. Aperio Gp Ltd Liability Corporation holds 33,801 shares or 0.01% of its portfolio. Blackrock Fund Advsr holds 3.13M shares or 0.02% of its portfolio.

Insider Transactions: Since April 11, 2016, the stock had 5 insider buys, and 3 sales for $69,107 net activity. The insider Healey David B sold 1,000 shares worth $28,612. Luu Michael B sold $24,354 worth of stock. 3 shares with value of $102 were bought by VERA GEORGE A on Monday, July 11. Treloar Timothy D also sold $16,610 worth of California Water Service Group (NYSE:CWT) on Monday, June 13.

Another recent and important California Water Service Group (NYSE:CWT) news was published by Finance.Yahoo.com which published an article titled: “California Water Service Group Board of Directors Declares 286th Consecutive …” on July 27, 2016.

CWT Company Profile

California Water Service Group, incorporated on August 2, 1999, is a holding company. The Firm operates through supply and distribution of water, and providing water-related utility services segment. The Company, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico and Hawaii. The Company’s subsidiaries include 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). Cal Water, New Mexico Water, Washington Water and Hawaii Water are regulated public utilities. The regulated utility entities also provide some non-regulated services. Utility Services provides non-regulated services to private companies and municipalities.

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