California Water Service Group Holding (CWT) Stake Maintained by Smithfield Trust Co.

Smithfield Trust Co. held its stake in shares of California Water Service Group Holding (NYSE:CWT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,000 shares of the utilities provider’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in California Water Service Group Holding were worth $147,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CWT. Great West Life Assurance Co. Can raised its stake in shares of California Water Service Group Holding by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 67,965 shares of the utilities provider’s stock worth $2,433,000 after buying an additional 4,330 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of California Water Service Group Holding by 242.8% in the first quarter. Russell Investments Group Ltd. now owns 12,848 shares of the utilities provider’s stock worth $460,000 after buying an additional 9,100 shares during the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of California Water Service Group Holding by 0.3% in the first quarter. Clear Harbor Asset Management LLC now owns 87,222 shares of the utilities provider’s stock worth $3,127,000 after buying an additional 300 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of California Water Service Group Holding by 16.2% in the first quarter. ProShare Advisors LLC now owns 200,796 shares of the utilities provider’s stock worth $7,199,000 after buying an additional 28,012 shares during the last quarter. Finally, Personal Capital Advisors Corp raised its stake in shares of California Water Service Group Holding by 7.6% in the first quarter. Personal Capital Advisors Corp now owns 500,046 shares of the utilities provider’s stock worth $17,502,000 after buying an additional 35,267 shares during the last quarter. Institutional investors own 68.25% of the company’s stock.

Shares of California Water Service Group Holding (NYSE CWT) traded down 0.94% on Friday, hitting $36.80. 213,260 shares of the stock were exchanged. The company’s 50 day moving average is $37.96 and its 200-day moving average is $36.10. The stock has a market cap of $1.77 billion, a PE ratio of 30.67 and a beta of 0.69. California Water Service Group Holding has a 52-week low of $29.25 and a 52-week high of $39.65.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The company had revenue of $171.10 million for the quarter, compared to analyst estimates of $162.23 million. During the same period in the prior year, the firm posted $0.24 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. Analysts predict that California Water Service Group Holding will post $1.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, August 3rd. California Water Service Group Holding’s payout ratio is currently 60.00%.

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Several equities research analysts have recently commented 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 upgraded 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 lowered shares of California Water Service Group Holding from a “hold” rating to a “sell” rating in a report on Friday, April 28th. Finally, US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. California Water Service Group Holding has a consensus rating of “Hold” and a consensus target price of $34.40.

In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $35.90, for a total value of $35,900.00. Following the transaction, the vice president now directly owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate 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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