State of Alaska Department of Revenue raised its stake in California Water Service Group Holding (NYSE:CWT) by 79.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,468 shares of the utilities provider’s stock after buying an additional 4,178 shares during the period. State of Alaska Department of Revenue’s holdings in California Water Service Group Holding were worth $348,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Gierl Augustine Investment Management Inc boosted its position in shares of California Water Service Group Holding by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,909 shares of the utilities provider’s stock valued at $104,000 after buying an additional 8 shares in the last quarter. Creative Planning boosted its position in shares of California Water Service Group Holding by 0.4% in the second quarter. Creative Planning now owns 9,946 shares of the utilities provider’s stock valued at $366,000 after buying an additional 43 shares in the last quarter. TD Asset Management Inc. boosted its position in shares of California Water Service Group Holding by 0.4% in the first quarter. TD Asset Management Inc. now owns 37,747 shares of the utilities provider’s stock valued at $1,353,000 after buying an additional 157 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of California Water Service Group Holding by 1.7% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,960 shares of the utilities provider’s stock valued at $393,000 after buying an additional 180 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in shares of California Water Service Group Holding by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the utilities provider’s stock valued at $699,000 after buying an additional 200 shares during the last quarter. 68.45% of the stock is currently owned by institutional investors.

California Water Service Group Holding (CWT) traded down 1.03% during mid-day trading on Monday, hitting $38.45. 102,207 shares of the company traded hands. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 32.04 and a beta of 0.69. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.65. The company’s 50-day moving average price is $37.38 and its 200 day moving average price is $35.74.

California Water Service Group Holding (NYSE:CWT) last announced its quarterly 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 in the prior year, the business posted $0.24 EPS. California Water Service Group Holding’s revenue was up 12.3% on a year-over-year basis. On average, analysts anticipate that California Water Service Group Holding will post $1.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be given a $0.18 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. California Water Service Group Holding’s dividend payout ratio is presently 60.00%.

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Several research analysts have commented on the stock. Zacks Investment Research cut shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Finally, Gabelli cut shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. California Water Service Group Holding currently has a consensus rating of “Hold” and an average price target of $34.40.

In related news, VP David B. Healey sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $35.90, for a total value of $35,900.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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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