California Water Service Group Holding (CWT) Holdings Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System maintained its position in California Water Service Group Holding (NYSE:CWT) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,638 shares of the utilities provider’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.08% of California Water Service Group Holding worth $1,422,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings 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 valued at $212,936,000 after purchasing an additional 5,872,773 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in shares of California Water Service Group Holding in the first quarter valued at about $7,022,000. Parametric Portfolio Associates LLC lifted its holdings 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 valued at $10,190,000 after purchasing an additional 146,902 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 124,129 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of California Water Service Group Holding by 27.3% in the first quarter. Nuveen Asset Management LLC now owns 444,360 shares of the utilities provider’s stock valued at $15,930,000 after purchasing an additional 95,293 shares in the last quarter. 68.73% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 price target on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Finally, US Capital Advisors reaffirmed 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. California Water Service Group Holding has an average rating of “Hold” and a consensus target price of $34.80.

California Water Service Group Holding (NYSE:CWT) opened at 37.60 on Friday. California Water Service Group Holding has a 52-week low of $29.25 and a 52-week high of $39.65. The stock has a 50 day moving average of $37.68 and a 200-day moving average of $36.41. The firm has a market cap 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 posted its quarterly earnings data 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 net margin of 9.17% and a return on equity of 8.78%. The company had revenue of $171.10 million during the quarter, compared to analyst estimates of $162.23 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, 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. Shareholders of record on Monday, August 7th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Thursday, August 3rd. California Water Service Group Holding’s payout ratio is 60.00%.

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In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,079 shares of the firm’s 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 completion of the transaction, the vice president now directly owns 18,581 shares in the company, valued at $686,382.14. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Lynne P. Mcghee sold 1,605 shares of the firm’s 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 of the company’s stock, valued at $739,412.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.

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

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