$0.24 EPS Expected for California Water Service Group (CWT); Pentwater Capital Management LP Lifted Its Time Warner (TWX) Position

February 15, 2018 - By Ellis Scott

Pentwater Capital Management Lp increased Time Warner Inc (TWX) stake by 58.58% reported in 2017Q3 SEC filing. Pentwater Capital Management Lp acquired 2.35M shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Pentwater Capital Management Lp holds 6.35M shares with $650.99M value, up from 4.01 million last quarter. Time Warner Inc now has $73.73 billion valuation. The stock increased 0.22% or $0.21 during the last trading session, reaching $94.52. About 3.20 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 15, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Analysts expect California Water Service Group (NYSE:CWT) to report $0.24 EPS on February, 22.They anticipate $0.07 EPS change or 22.58% from last quarter’s $0.31 EPS. CWT’s profit would be $11.53M giving it 39.74 P/E if the $0.24 EPS is correct. After having $0.70 EPS previously, California Water Service Group’s analysts see -65.71% EPS growth. The stock increased 0.13% or $0.05 during the last trading session, reaching $38.15. About 287,413 shares traded. California Water Service Group (NYSE:CWT) has risen 22.84% since February 15, 2017 and is uptrending. It has outperformed by 6.14% the S&P500.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 17 have Buy rating, 0 Sell and 23 Hold. Therefore 43% are positive. Time Warner Inc. had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Barrington Research on Friday, November 6 with “Outperform”. The firm earned “Buy” rating on Thursday, August 4 by Jefferies. On Friday, August 25 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Hold” rating on Thursday, September 7 by Jefferies. Pacific Crest downgraded Time Warner Inc. (NYSE:TWX) on Monday, May 2 to “Sector Weight” rating. The firm has “Outperform” rating given on Friday, February 5 by Telsey Advisory Group. As per Friday, August 14, the company rating was maintained by Barclays Capital. The rating was maintained by BMO Capital Markets with “Hold” on Monday, October 16. The stock of Time Warner Inc. (NYSE:TWX) has “Sector Perform” rating given on Monday, October 24 by RBC Capital Markets. Moffett Nathanson downgraded the stock to “Neutral” rating in Wednesday, February 1 report.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It dived, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Bush Odonnell Investment Advisors Inc, Missouri-based fund reported 70,920 shares. Jefferies Ltd Liability has invested 0.23% of its portfolio in Time Warner Inc. (NYSE:TWX). Alpine Global Mgmt Limited Liability accumulated 213,406 shares. Fiera Cap Corporation accumulated 10,373 shares. Moore Cap Lp owns 0.4% invested in Time Warner Inc. (NYSE:TWX) for 200,000 shares. Mirae Asset Glob Investments Limited has invested 0.06% in Time Warner Inc. (NYSE:TWX). Aqr Capital Management Limited Liability Company invested in 924,675 shares. Nippon Life Glob Americas Incorporated holds 0.49% in Time Warner Inc. (NYSE:TWX) or 56,270 shares. Pennsylvania owns 4,158 shares for 0.02% of their portfolio. Peak6 LP stated it has 46,996 shares. Loeb Corporation invested 0.44% of its portfolio in Time Warner Inc. (NYSE:TWX). Vident Investment Advisory Limited Company holds 0.07% or 12,463 shares in its portfolio. Qs owns 0.1% invested in Time Warner Inc. (NYSE:TWX) for 122,425 shares. Segall Bryant & Hamill Lc owns 4,707 shares. 1St Source Commercial Bank accumulated 2,510 shares.

Since December 14, 2017, it had 0 insider buys, and 2 sales for $2.50 million activity. OLAFSSON OLAF sold $2.11M worth of stock or 23,450 shares. BARR WILLIAM P sold 4,019 shares worth $390,647.

Pentwater Capital Management Lp decreased Videocon D2h Ltd stake by 257,194 shares to 42,701 valued at $380,000 in 2017Q3. It also reduced Monsanto Co (Call) stake by 4.75 million shares and now owns 1.05M shares. Tegna Inc was reduced too.

Among 7 analysts covering California Water Service (NYSE:CWT), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. California Water Service had 14 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Robert W. Baird given on Friday, February 26. The stock of California Water Service Group (NYSE:CWT) has “Buy” rating given on Monday, August 3 by Hilliard Lyons. The rating was initiated by Macquarie Research on Wednesday, January 18 with “Neutral”. The stock of California Water Service Group (NYSE:CWT) earned “Neutral” rating by Janney Capital on Tuesday, April 19. The stock has “Neutral” rating by Robert W. Baird on Friday, October 14. The company was maintained on Tuesday, September 6 by Barclays Capital. The stock has “Hold” rating by Robert W. Baird on Friday, September 1. As per Friday, October 6, the company rating was maintained by Robert W. Baird. Robert W. Baird maintained the stock with “Hold” rating in Friday, October 27 report. The company was downgraded on Monday, March 7 by Gabelli.

Since September 11, 2017, it had 1 buy, and 2 insider sales for $100,136 activity. McGhee Lynne P sold 1,079 shares worth $39,858. Another trade for 2 shares valued at $86 was made by VERA GEORGE A on Thursday, January 11.

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company has market cap of $1.83 billion. The firm engages 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. It has a 26.87 P/E ratio. It offers its services to approximately 482,400 clients in 100 California communities; approximately 4,400 water and wastewater clients on the islands of Maui and Hawaii; approximately 16,700 clients in the Tacoma and Olympia areas in Washington; and approximately 8,000 water and wastewater clients in the Belen, Los Lunas, and Elephant Butte areas in New Mexico.

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