NN Investment Partners Holdings N.V. Sells 3,900 Shares of California Water Service Group Holding (NYSE:CWT)

NN Investment Partners Holdings N.V. decreased its stake in shares of California Water Service Group Holding (NYSE:CWT) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,387 shares of the utilities provider’s stock after selling 3,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in California Water Service Group Holding were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CWT. Russell Investments Group Ltd. acquired a new position in shares of California Water Service Group Holding during the fourth quarter worth about $129,000. Norges Bank bought a new stake in shares of California Water Service Group Holding during the fourth quarter worth $4,779,000. Teachers Advisors LLC raised its stake in shares of California Water Service Group Holding by 2.7% in the fourth quarter. Teachers Advisors LLC now owns 79,515 shares of the utilities provider’s stock worth $2,696,000 after buying an additional 2,070 shares during the period. Creative Planning raised its stake in shares of California Water Service Group Holding by 1.3% in the first quarter. Creative Planning now owns 9,903 shares of the utilities provider’s stock worth $355,000 after buying an additional 131 shares during the period. Finally, Gierl Augustine Investment Management Inc raised its stake in shares of California Water Service Group Holding by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,909 shares of the utilities provider’s stock worth $104,000 after buying an additional 8 shares during the period. 68.45% of the stock is owned by institutional investors.

Shares of California Water Service Group Holding (NYSE:CWT) opened at 37.90 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 31.58 and a beta of 0.69. The stock has a 50 day moving average of $37.74 and a 200 day moving average of $35.98. California Water Service Group Holding has a 1-year low of $29.25 and a 1-year high of $39.65.

California Water Service Group Holding (NYSE:CWT) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The firm had revenue of $171.10 million for the quarter, compared to analyst estimates of $162.23 million. During the same quarter last year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities research analysts forecast that California Water Service Group Holding will post $1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.90%. California Water Service Group Holding’s payout ratio is 60.00%.

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A number of equities research analysts have recently weighed in on the stock. Gabelli lowered shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, April 28th. BidaskClub raised shares of California Water Service Group Holding from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research downgraded shares of California Water Service Group Holding from a “hold” rating to a “sell” rating in a research report on Friday, April 28th. Finally, US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.40.

In other news, VP David B. Healey sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.90, for a total value of $35,900.00. Following the sale, the vice president now owns 13,574 shares in the company, valued at $487,306.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

California Water Service Group Holding Company 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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