Russell Investments Group Ltd. Purchases 4,897 Shares of California Water Service Group Holding (CWT)

Russell Investments Group Ltd. lifted its position in California Water Service Group Holding (NYSE:CWT) by 38.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,745 shares of the utilities provider’s stock after acquiring an additional 4,897 shares during the quarter. Russell Investments Group Ltd.’s holdings in California Water Service Group Holding were worth $653,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CWT. LS Investment Advisors LLC raised its holdings in shares of California Water Service Group Holding by 62.5% in the first quarter. LS Investment Advisors LLC now owns 2,782 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 1,070 shares in the last quarter. Accurate Investment Solutions Inc. raised its holdings in shares of California Water Service Group Holding by 0.3% in the second quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 8 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of California Water Service Group Holding in the first quarter valued at about $149,000. PNC Financial Services Group Inc. raised its holdings in shares of California Water Service Group Holding by 5.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 225 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of California Water Service Group Holding in the first quarter valued at about $213,000. Hedge funds and other institutional investors own 68.69% of the company’s stock.

California Water Service Group Holding (NYSE:CWT) traded up 0.066% during mid-day trading on Monday, hitting $37.625. The company had a trading volume of 31,768 shares. The company 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 P/E ratio of 31.354 and a beta of 0.70. California Water Service Group Holding has a 52-week low of $29.25 and a 52-week high of $39.65.

California Water Service Group Holding (NYSE:CWT) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $171.10 million during the quarter, compared to analysts’ expectations of $162.23 million. During the same period last year, the business posted $0.24 EPS. California Water Service Group Holding’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts forecast that California Water Service Group Holding will post $1.31 EPS for the current fiscal year.

Several analysts recently weighed in on CWT shares. Zacks Investment Research upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, July 28th. BidaskClub upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Robert W. Baird restated a “hold” rating and issued a $35.00 price objective on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Finally, US Capital Advisors restated 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 issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $34.80.

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In related news, 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 directly owns 19,660 shares in the company, valued at approximately $739,412.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction, the vice president now owns 18,581 shares of the company’s stock, valued at $686,382.14. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

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.

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

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