California Water Service Group (NYSE:CWT) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in California Water Service Group (NYSE:CWTGet Rating) by 16.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,998 shares of the utilities provider’s stock after purchasing an additional 7,275 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in California Water Service Group were worth $3,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Ellevest Inc. lifted its position in California Water Service Group by 129.2% in the first quarter. Ellevest Inc. now owns 518 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 292 shares during the period. Column Capital Advisors LLC lifted its position in California Water Service Group by 3,973.3% in the first quarter. Column Capital Advisors LLC now owns 611 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 596 shares during the period. FinTrust Capital Advisors LLC acquired a new stake in California Water Service Group in the first quarter valued at about $103,000. UMB Bank N A MO acquired a new stake in California Water Service Group in the fourth quarter valued at about $139,000. Finally, Kepos Capital LP acquired a new stake in California Water Service Group in the fourth quarter valued at about $182,000. Institutional investors and hedge funds own 80.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of California Water Service Group from a “hold” rating to a “sell” rating in a research report on Monday, August 1st.

California Water Service Group Price Performance

CWT stock opened at $58.44 on Monday. The firm has a 50 day moving average of $58.64 and a 200-day moving average of $56.50. California Water Service Group has a 12-month low of $48.46 and a 12-month high of $72.08. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 35.42 and a beta of 0.34.

California Water Service Group (NYSE:CWTGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.24). California Water Service Group had a return on equity of 7.39% and a net margin of 10.69%. During the same period last year, the company earned $0.75 EPS. As a group, equities analysts expect that California Water Service Group will post 1.78 EPS for the current fiscal year.

California Water Service Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.71%. California Water Service Group’s dividend payout ratio is currently 60.61%.

Insider Buying and Selling

In related news, Director Lester A. Snow sold 1,000 shares of California Water Service Group stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $63.04, for a total transaction of $63,040.00. Following the completion of the transaction, the director now directly owns 19,874 shares in the company, valued at approximately $1,252,856.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other California Water Service Group news, Director Lester A. Snow sold 1,000 shares of California Water Service Group stock in a transaction that occurred on Friday, August 19th. The shares were sold at an average price of $63.04, for a total value of $63,040.00. Following the completion of the sale, the director now directly owns 19,874 shares of the company’s stock, valued at approximately $1,252,856.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael B. Luu sold 425 shares of California Water Service Group stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $60.54, for a total transaction of $25,729.50. Following the completion of the sale, the vice president now directly owns 18,277 shares of the company’s stock, valued at $1,106,489.58. The disclosure for this sale can be found here. Insiders sold 1,725 shares of company stock worth $106,932 in the last ninety days. Insiders own 0.97% of the company’s stock.

California Water Service Group Company Profile

(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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