Chemical Bank held its position in California Water Service Group Holding (NYSE:CWT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the utilities provider’s stock at the close of the second quarter. Chemical Bank’s holdings in California Water Service Group Holding were worth $368,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew 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 valued at $212,936,000 after acquiring an additional 5,872,773 shares during the period. Vanguard Group Inc. grew its stake in California Water Service Group Holding by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,921,784 shares of the utilities provider’s stock valued at $176,446,000 after acquiring an additional 124,129 shares during the period. Impax Asset Management LTD grew its stake in California Water Service Group Holding by 1.0% in the first quarter. Impax Asset Management LTD now owns 1,747,183 shares of the utilities provider’s stock valued at $62,633,000 after acquiring an additional 17,235 shares during the period. State Street Corp grew its stake in California Water Service Group Holding by 7.2% in the first quarter. State Street Corp now owns 1,215,362 shares of the utilities provider’s stock valued at $43,575,000 after acquiring an additional 82,143 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in California Water Service Group Holding by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 735,789 shares of the utilities provider’s stock valued at $26,378,000 after acquiring an additional 22,568 shares during the period. 68.73% of the stock is owned by hedge funds and other institutional investors.

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In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,605 shares of California Water Service Group Holding stock in a transaction dated Friday, September 8th. The stock was 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 approximately $739,412.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lynne P. Mcghee sold 1,079 shares of California Water Service Group Holding stock in a transaction dated 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 owns 18,581 shares of the company’s stock, valued at approximately $686,382.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of research analysts have issued reports on the company. BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Zacks Investment Research cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Robert W. Baird reissued a “hold” rating and issued a $35.00 target price on shares of California Water Service Group Holding in a research note on Sunday, September 3rd. Finally, US Capital Advisors reissued 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 assigned a hold rating to the company’s stock. California Water Service Group Holding presently has an average rating of “Hold” and a consensus target price of $34.80.

Shares of California Water Service Group Holding (CWT) opened at 37.60 on Friday. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.65. The stock has a 50 day moving average price of $37.68 and a 200-day moving average price of $36.41. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 31.33 and a beta of 0.70.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.08. The company had revenue of $171.10 million during the quarter, compared to the consensus estimate of $162.23 million. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the business posted $0.24 EPS. On average, equities research analysts expect that California Water Service Group Holding will post $1.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Monday, August 7th were paid a $0.18 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. California Water Service Group Holding’s dividend payout ratio is presently 60.00%.

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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