Mutual of America Capital Management LLC Raises Position in California Water Service Group (NYSE:CWT)

Mutual of America Capital Management LLC grew its holdings in shares of California Water Service Group (NYSE:CWTGet Rating) by 5.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 7,581 shares of the utilities provider’s stock after purchasing an additional 393 shares during the period. Mutual of America Capital Management LLC’s holdings in California Water Service Group were worth $449,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CWT. Ellevest Inc. increased its position in shares of California Water Service Group by 129.2% during the first quarter. Ellevest Inc. now owns 518 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 292 shares in the last quarter. CWM LLC bought a new stake in California Water Service Group in the 4th quarter worth approximately $94,000. UMB Bank N A MO purchased a new position in shares of California Water Service Group during the 4th quarter worth $139,000. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of California Water Service Group during the 4th quarter worth $147,000. Finally, Kepos Capital LP purchased a new position in shares of California Water Service Group during the 4th quarter worth $182,000. 77.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at California Water Service Group

In related news, VP Robert J. Kuta sold 1,365 shares of California Water Service Group stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $55.14, for a total transaction of $75,266.10. Following the transaction, the vice president now owns 12,094 shares in the company, valued at approximately $666,863.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other California Water Service Group news, VP David B. Healey sold 500 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $53.15, for a total value of $26,575.00. Following the sale, the vice president now owns 16,046 shares in the company, valued at approximately $852,844.90. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Kuta sold 1,365 shares of the business’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $55.14, for a total transaction of $75,266.10. Following the completion of the sale, the vice president now owns 12,094 shares in the company, valued at approximately $666,863.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,065 shares of company stock worth $112,865. 0.97% of the stock is owned by corporate insiders.

California Water Service Group Trading Up 1.1 %

Shares of California Water Service Group stock opened at $60.08 on Monday. The company’s fifty day simple moving average is $54.60 and its 200-day simple moving average is $56.47. The stock has a market capitalization of $3.23 billion, a PE ratio of 29.45 and a beta of 0.31. California Water Service Group has a 1-year low of $48.46 and a 1-year high of $72.08. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.97 and a quick ratio of 0.93.

California Water Service Group (NYSE:CWTGet Rating) last released its earnings results on Thursday, July 28th. The utilities provider reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.24). California Water Service Group had a net margin of 12.90% and a return on equity of 9.41%. During the same quarter in the previous year, the firm posted $0.75 EPS. As a group, equities analysts anticipate that California Water Service Group will post 1.83 earnings per share for the current year.

California Water Service Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Friday, August 5th. California Water Service Group’s dividend payout ratio (DPR) is 49.02%.

About California Water Service Group

(Get Rating)

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.

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

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