Jane Street Group LLC Has $3.83 Million Stock Position in California Water Service Group (NYSE:CWT)

Jane Street Group LLC decreased its holdings in shares of California Water Service Group (NYSE:CWT - Free Report) by 22.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 70,660 shares of the utilities provider's stock after selling 20,870 shares during the period. Jane Street Group LLC owned approximately 0.12% of California Water Service Group worth $3,831,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CWT. Kovitz Investment Group Partners LLC bought a new stake in California Water Service Group in the third quarter valued at about $2,152,000. Penn Mutual Asset Management acquired a new stake in California Water Service Group in the third quarter worth $239,000. Centiva Capital LP bought a new position in shares of California Water Service Group during the third quarter worth $860,000. ClearAlpha Technologies LP acquired a new position in shares of California Water Service Group in the 3rd quarter valued at $1,001,000. Finally, Atom Investors LP increased its position in shares of California Water Service Group by 118.8% in the 3rd quarter. Atom Investors LP now owns 24,473 shares of the utilities provider's stock valued at $1,327,000 after buying an additional 13,290 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company's stock.

California Water Service Group Stock Down 0.4 %

CWT stock traded down $0.17 during trading hours on Thursday, reaching $45.92. 291,231 shares of the stock were exchanged, compared to its average volume of 323,461. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 13.27 and a beta of 0.50. The firm's 50-day moving average is $50.84 and its 200-day moving average is $51.56. California Water Service Group has a 12 month low of $43.50 and a 12 month high of $56.25. 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 announced its earnings results on Thursday, October 31st. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.02). The firm had revenue of $299.60 million during the quarter, compared to analyst estimates of $289.55 million. California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. On average, equities research analysts expect that California Water Service Group will post 3.29 earnings per share for the current year.

California Water Service Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Tuesday, November 12th were paid a $0.28 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.12 annualized dividend and a yield of 2.44%. California Water Service Group's payout ratio is currently 32.37%.

Insider Transactions at California Water Service Group

In other news, VP Michael B. Luu sold 985 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $51.50, for a total value of $50,727.50. Following the completion of the sale, the vice president now owns 20,354 shares of the company's stock, valued at approximately $1,048,231. This represents a 4.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CWT. Bank of America assumed coverage on California Water Service Group in a report on Wednesday, December 11th. They set a "buy" rating and a $57.00 target price on the stock. StockNews.com cut California Water Service Group from a "hold" rating to a "sell" rating in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, California Water Service Group presently has an average rating of "Hold" and an average target price of $54.50.

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.