JPMorgan Chase & Co. cut its holdings in shares of California Water Service Group Holding (NYSE:CWT) by 31.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 296,253 shares of the utilities provider’s stock after selling 133,139 shares during the period. JPMorgan Chase & Co. owned approximately 0.62% of California Water Service Group Holding worth $10,902,000 as of its most recent filing with the Securities and Exchange Commission.

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

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California Water Service Group Holding (CWT) opened at 37.85 on Thursday. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 31.54 and a beta of 0.70. The firm’s 50-day moving average price is $37.63 and its 200 day moving average price is $36.42. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $39.65.

California Water Service Group Holding (NYSE:CWT) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.08. The business had revenue of $171.10 million for 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 business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, analysts expect that California Water Service Group Holding will post $1.31 earnings per share for the current year.

In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,605 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the sale, the vice president now owns 19,660 shares of the company’s stock, valued at $739,412.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Lynne P. Mcghee sold 1,079 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total transaction of $39,858.26. Following the sale, the vice president now directly owns 18,581 shares in the company, valued at approximately $686,382.14. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Several research analysts have weighed in on CWT shares. Robert W. Baird reiterated a “hold” rating and set a $35.00 target price on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Barclays PLC lifted their target price on California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, September 22nd. BidaskClub upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Zacks Investment Research lowered California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. California Water Service Group Holding currently has an average rating of “Hold” and an average target price of $35.60.

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.

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

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