Capstone Asset Management Co. reduced its stake in shares of California Water Service Group Holding (NYSE:CWT) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,852 shares of the utilities provider’s stock after selling 1,120 shares during the period. Capstone Asset Management Co.’s holdings in California Water Service Group Holding were worth $399,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GHP Investment Advisors Inc. boosted its position in shares of California Water Service Group Holding by 1.6% in the first quarter. GHP Investment Advisors Inc. now owns 72,122 shares of the utilities provider’s stock valued at $2,586,000 after buying an additional 1,146 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of California Water Service Group Holding during the fourth quarter worth $129,000. Baldwin Brothers Inc. MA purchased a new stake in shares of California Water Service Group Holding during the first quarter worth $368,000. Principal Financial Group Inc. raised its stake in shares of California Water Service Group Holding by 4.3% in the first quarter. Principal Financial Group Inc. now owns 418,991 shares of the utilities provider’s stock worth $15,021,000 after buying an additional 17,427 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of California Water Service Group Holding by 3.2% in the first quarter. Comerica Bank now owns 67,176 shares of the utilities provider’s stock worth $2,495,000 after buying an additional 2,052 shares during the last quarter. 68.45% of the stock is owned by institutional investors.

Shares of California Water Service Group Holding (NYSE:CWT) traded down 0.13% during midday trading on Monday, reaching $38.80. 16,517 shares of the company traded hands. California Water Service Group Holding has a 12 month low of $29.25 and a 12 month high of $39.65. The company has a 50 day moving average of $37.38 and a 200 day moving average of $35.74. The firm has a market capitalization of $1.86 billion, a P/E ratio of 32.33 and a beta of 0.69.

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 Zacks’ consensus estimate of $0.31 by $0.08. The company had revenue of $171.10 million for the quarter, compared to analysts’ expectations of $162.23 million. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, equities research analysts predict that California Water Service Group Holding will post $1.31 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, August 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.85%. California Water Service Group Holding’s dividend payout ratio (DPR) is 60.00%.

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A number of equities research analysts have recently weighed in on CWT shares. 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. 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. Finally, US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $34.40.

In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.90, for a total transaction of $35,900.00. Following the sale, the vice president now directly owns 13,574 shares of the company’s stock, valued at $487,306.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

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.

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

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