Comerica Bank lessened its position in California Water Service Group Holding (NYSE:CWT) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,359 shares of the utilities provider’s stock after selling 2,817 shares during the quarter. Comerica Bank owned 0.13% of California Water Service Group Holding worth $2,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its stake in California Water Service Group Holding by 1.6% in the first quarter. GHP Investment Advisors Inc. now owns 72,122 shares of the utilities provider’s stock valued at $2,586,000 after acquiring an additional 1,146 shares during the last quarter. Bank of America Corp DE increased its stake in California Water Service Group Holding by 36.3% in the first quarter. Bank of America Corp DE now owns 354,722 shares of the utilities provider’s stock valued at $12,717,000 after acquiring an additional 94,471 shares during the last quarter. Principal Financial Group Inc. increased its stake in California Water Service Group Holding by 4.3% in the first quarter. Principal Financial Group Inc. now owns 418,991 shares of the utilities provider’s stock valued at $15,021,000 after acquiring an additional 17,427 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in California Water Service Group Holding by 2.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 257,775 shares of the utilities provider’s stock valued at $9,242,000 after acquiring an additional 6,923 shares during the last quarter. Finally, LS Investment Advisors LLC increased its stake in 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 during the last quarter. 68.73% of the stock is currently owned by institutional investors and hedge funds.

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CWT has been the topic of a number of research analyst reports. Zacks Investment Research raised California Water Service Group Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of California Water Service Group Holding in a research report on Sunday. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $34.80.

Shares of California Water Service Group Holding (NYSE CWT) opened at 36.85 on Thursday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 30.71 and a beta of 0.70. The firm’s 50-day moving average is $37.90 and its 200 day moving average is $36.35. 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 released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.08. The company had revenue of $171.10 million during the quarter, compared to analysts’ expectations of $162.23 million. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. Equities analysts expect that California Water Service Group Holding will post $1.31 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.72 annualized dividend and a yield of 1.95%. California Water Service Group Holding’s dividend payout ratio (DPR) is 60.00%.

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.

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

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