Cerity Partners LLC Acquires 380 Shares of California Water Service Group (NYSE:CWT)

Cerity Partners LLC grew its position in California Water Service Group (NYSE:CWTGet Rating) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,897 shares of the utilities provider’s stock after buying an additional 380 shares during the period. Cerity Partners LLC’s holdings in California Water Service Group were worth $216,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CWT. Nuance Investments LLC grew its holdings in shares of California Water Service Group by 135.8% in the 2nd quarter. Nuance Investments LLC now owns 1,304,840 shares of the utilities provider’s stock valued at $72,484,000 after buying an additional 751,553 shares during the period. State Street Corp grew its holdings in shares of California Water Service Group by 5.9% in the 1st quarter. State Street Corp now owns 4,229,509 shares of the utilities provider’s stock valued at $250,725,000 after buying an additional 234,146 shares during the period. Eaton Vance Management grew its holdings in shares of California Water Service Group by 6,846.4% in the 1st quarter. Eaton Vance Management now owns 126,008 shares of the utilities provider’s stock valued at $7,470,000 after buying an additional 124,194 shares during the period. Pictet Asset Management SA grew its holdings in shares of California Water Service Group by 5.7% in the 2nd quarter. Pictet Asset Management SA now owns 1,563,970 shares of the utilities provider’s stock valued at $86,879,000 after buying an additional 83,688 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of California Water Service Group in the 1st quarter valued at $4,085,000. Institutional investors and hedge funds own 80.07% of the company’s stock.

Insider Buying and Selling

In related news, insider Michelle R. Mortensen sold 615 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $56.74, for a total value of $34,895.10. Following the completion of the transaction, the insider now directly owns 8,582 shares of the company’s stock, valued at approximately $486,942.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 1,715 shares of company stock valued at $100,946. Company insiders own 0.97% of the company’s stock.

California Water Service Group Price Performance

Shares of NYSE CWT opened at $63.99 on Wednesday. The firm has a market cap of $3.51 billion, a PE ratio of 43.24 and a beta of 0.44. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. California Water Service Group has a 1-year low of $48.46 and a 1-year high of $72.08. The company has a fifty day moving average price of $57.80 and a 200 day moving average price of $56.90.

California Water Service Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Monday, November 7th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Friday, November 4th. California Water Service Group’s payout ratio is presently 67.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CWT. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a report on Monday, October 31st. Wells Fargo & Company boosted their price target on shares of California Water Service Group from $55.00 to $61.00 and gave the company an “underweight” rating in a report on Monday, October 31st.

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.

See Also

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

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