California Water Service Group Holding (CWT) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its position in California Water Service Group Holding (NYSE:CWT) by 11.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,000 shares of the utilities provider’s stock after selling 1,500 shares during the quarter. Macquarie Group Ltd.’s holdings in California Water Service Group Holding were worth $442,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Accurate Investment Solutions Inc. increased its stake in California Water Service Group Holding by 0.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock valued at $107,000 after buying an additional 8 shares during the period. Riverhead Capital Management LLC increased its stake in shares of California Water Service Group Holding by 66.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 1,661 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of California Water Service Group Holding by 5.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the utilities provider’s stock worth $164,000 after purchasing an additional 225 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of California Water Service Group Holding by 60.8% during the 2nd quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 2,108 shares during the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of California Water Service Group Holding during the 2nd quarter worth $225,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

Several research analysts have recently commented on CWT shares. Zacks Investment Research upgraded shares of California Water Service Group Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. US Capital Advisors reaffirmed a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. BidaskClub downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and set a $35.00 price objective on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Finally, Barclays PLC upped their price objective on shares of California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, September 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.75.

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Shares of California Water Service Group Holding (NYSE CWT) opened at 42.00 on Wednesday. California Water Service Group Holding has a one year low of $29.25 and a one year high of $43.75. The firm has a 50-day moving average of $40.22 and a 200-day moving average of $37.60. The company has a market capitalization of $2.02 billion, a P/E ratio of 35.00 and a beta of 0.70.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. California Water Service Group Holding had a net margin of 10.46% and a return on equity of 10.31%. The firm had revenue of $211.70 million for the quarter, compared to the consensus estimate of $203.00 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company’s quarterly revenue was up 14.9% on a year-over-year basis. Equities research analysts expect that California Water Service Group Holding will post $1.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Monday, November 6th will be issued a $0.18 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.71%. California Water Service Group Holding’s dividend payout ratio is currently 50.70%.

In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,079 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total value of $39,858.26. Following the transaction, the vice president now directly owns 18,581 shares in the company, valued at $686,382.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Lynne P. Mcghee sold 1,605 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the completion of the transaction, the vice president now owns 19,660 shares in the company, valued at $739,412.60. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

California Water Service Group Holding Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

Institutional Ownership by Quarter for California Water  Service Group Holding (NYSE:CWT)

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