Hutchinson Capital Management CA maintained its stake in 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 (SEC). The firm owned 7,600 shares of the utilities provider’s stock at the end of the second quarter. Hutchinson Capital Management CA’s holdings in California Water Service Group Holding were worth $280,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in California Water Service Group Holding by 8,783.3% in the first quarter. BlackRock Inc. now owns 5,939,636 shares of the utilities provider’s stock worth $212,936,000 after buying an additional 5,872,773 shares during the period. Asset Management One Co. Ltd. acquired a new stake in California Water Service Group Holding during the first quarter worth approximately $7,022,000. Nuance Investments LLC acquired a new stake in California Water Service Group Holding during the first quarter worth approximately $6,490,000. Parametric Portfolio Associates LLC boosted its stake in California Water Service Group Holding by 107.0% in the first quarter. Parametric Portfolio Associates LLC now owns 284,250 shares of the utilities provider’s stock worth $10,190,000 after buying an additional 146,902 shares during the period. Finally, Norges Bank acquired a new stake in California Water Service Group Holding during the fourth quarter worth approximately $4,779,000. Institutional investors own 68.45% of the company’s stock.

Shares of California Water Service Group Holding (CWT) traded down 0.92% on Friday, hitting $37.90. The stock had a trading volume of 165,397 shares. The firm has a market cap of $1.82 billion, a PE ratio of 31.58 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. The firm’s 50-day moving average price is $37.74 and its 200 day moving average price is $35.98.

California Water Service Group Holding (NYSE:CWT) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $171.10 million during the quarter, compared to the consensus estimate of $162.23 million. During the same period in the previous year, the business earned $0.24 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, equities research analysts predict that California Water Service Group Holding will post $1.31 EPS for the current year.

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

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CWT has been the subject of several research analyst reports. Zacks Investment Research cut California Water Service Group Holding from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Gabelli cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. California Water Service Group Holding currently has a consensus rating of “Hold” and an average price target of $34.40.

In other news, VP David B. Healey sold 1,000 shares of the business’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 completion of the sale, the vice president now directly owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

About California Water Service Group Holding

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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