Aperio Group LLC decreased its position in shares of California Water Service Group Holding (NYSE:CWT) by 26.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,517 shares of the utilities provider’s stock after selling 14,840 shares during the period. Aperio Group LLC owned about 0.08% of California Water Service Group Holding worth $1,491,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CWT. BlackRock Inc. raised its stake in shares of 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 last quarter. Asset Management One Co. Ltd. bought a new stake in shares of California Water Service Group Holding during the first quarter worth $7,022,000. Nuance Investments LLC bought a new stake in shares of California Water Service Group Holding during the first quarter worth $6,490,000. Parametric Portfolio Associates LLC raised its stake in shares of 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 last quarter. Finally, Norges Bank bought a new stake in shares of California Water Service Group Holding during the fourth quarter worth $4,779,000. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of California Water Service Group Holding (NYSE:CWT) traded down 0.92% during midday trading on Friday, hitting $37.90. 165,397 shares of the stock were exchanged. The firm 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 12 month low of $29.25 and a 12 month high of $39.65. The stock has a market cap of $1.82 billion, a P/E ratio of 31.58 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 (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $171.10 million for the quarter, compared to analysts’ expectations of $162.23 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. Equities research analysts anticipate that California Water Service Group Holding will post $1.31 EPS for the current 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. This represents a $0.72 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 3rd. 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 CWT shares. Zacks Investment Research lowered shares of California Water Service Group Holding from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. Gabelli lowered shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. BidaskClub lowered shares of 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 reaffirmed a “hold” rating on shares of California Water Service Group Holding in a research note on Monday, July 17th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. California Water Service Group Holding has a consensus rating of “Hold” and an average target price 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 dated Thursday, June 8th. The shares were sold at an average price of $35.90, for a total transaction of $35,900.00. Following the transaction, the vice president now directly owns 13,574 shares in the company, valued at approximately $487,306.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is 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.

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

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