Stephens Inc. AR grew its position in California Water Service Group (NYSE:CWT) by 34.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,752 shares of the utilities provider’s stock after acquiring an additional 3,748 shares during the quarter. Stephens Inc. AR’s holdings in California Water Service Group were worth $669,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its position in shares of California Water Service Group by 4.7% in the third quarter. Legal & General Group Plc now owns 228,710 shares of the utilities provider’s stock valued at $8,726,000 after acquiring an additional 10,220 shares in the last quarter. First Trust Advisors LP lifted its position in shares of California Water Service Group by 43.3% in the third quarter. First Trust Advisors LP now owns 211,895 shares of the utilities provider’s stock valued at $8,084,000 after acquiring an additional 64,015 shares in the last quarter. Piedmont Investment Advisors LLC lifted its position in shares of California Water Service Group by 250.9% in the third quarter. Piedmont Investment Advisors LLC now owns 36,391 shares of the utilities provider’s stock valued at $1,388,000 after acquiring an additional 26,019 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of California Water Service Group by 417.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 41,047 shares of the utilities provider’s stock valued at $1,566,000 after acquiring an additional 33,118 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of California Water Service Group by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,625,445 shares of the utilities provider’s stock valued at $62,011,000 after acquiring an additional 6,427 shares in the last quarter. Institutional investors and hedge funds own 69.89% of the company’s stock.

Shares of California Water Service Group (CWT) opened at $38.20 on Tuesday. California Water Service Group has a fifty-two week low of $32.75 and a fifty-two week high of $46.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46. The company has a market capitalization of $1,817.37, a P/E ratio of 26.90, a P/E/G ratio of 4.44 and a beta of 0.57.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Monday, February 12th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from California Water Service Group’s previous quarterly dividend of $0.18. California Water Service Group’s dividend payout ratio (DPR) is currently 52.82%.

Several equities analysts have recently weighed in on the company. Hilliard Lyons downgraded California Water Service Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $38.33.

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California Water Service Group 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 (NYSE:CWT)

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