California Water Service Group (NYSE:CWT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of California Water Service Group (NYSE:CWTGet Rating) by 23.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,119 shares of the utilities provider’s stock after selling 8,148 shares during the quarter. SG Americas Securities LLC’s holdings in California Water Service Group were worth $1,376,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wipfli Financial Advisors LLC acquired a new stake in California Water Service Group during the 3rd quarter worth approximately $27,000. Venture Visionary Partners LLC acquired a new stake in California Water Service Group during the 2nd quarter worth approximately $40,000. EverSource Wealth Advisors LLC increased its position in California Water Service Group by 731.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,064 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 936 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in California Water Service Group during the 2nd quarter worth approximately $69,000. Finally, CWM LLC grew its position in California Water Service Group by 37.8% in the third quarter. CWM LLC now owns 1,439 shares of the utilities provider’s stock valued at $76,000 after acquiring an additional 395 shares in the last quarter. Institutional investors and hedge funds own 79.01% of the company’s stock.

Insider Transactions at California Water Service Group

In other news, Director Thomas M. Krummel sold 469 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $64.89, for a total transaction of $30,433.41. Following the completion of the sale, the director now owns 28,636 shares of the company’s stock, valued at $1,858,190.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Thomas M. Krummel sold 469 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $64.89, for a total transaction of $30,433.41. Following the transaction, the director now directly owns 28,636 shares in the company, valued at $1,858,190.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas M. Krummel sold 1,529 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $62.92, for a total value of $96,204.68. Following the transaction, the director now owns 29,105 shares in the company, valued at $1,831,286.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,498 shares of company stock valued at $156,572. 0.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CWT. UBS Group began coverage on shares of California Water Service Group in a research report on Wednesday, November 30th. They issued a “neutral” rating and a $67.00 price objective for the company. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Monday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of California Water Service Group to $63.00 in a research report on Wednesday, December 14th.

California Water Service Group Stock Up 0.2 %

CWT stock opened at $62.39 on Tuesday. California Water Service Group has a twelve month low of $48.46 and a twelve month high of $66.12. The company has a current ratio of 1.05, a quick ratio of 1.02 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $3.42 billion, a P/E ratio of 42.16 and a beta of 0.45. The firm has a 50 day simple moving average of $62.51 and a 200-day simple moving average of $59.57.

California Water Service Group (NYSE:CWTGet Rating) last released its quarterly earnings results on Thursday, October 27th. The utilities provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.13). California Water Service Group had a return on equity of 6.61% and a net margin of 9.76%. The company had revenue of $266.31 million for the quarter, compared to analyst estimates of $255.00 million. On average, equities research analysts predict that California Water Service Group will post 1.6 earnings per share for the current fiscal year.

California Water Service Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Monday, November 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, November 4th. California Water Service Group’s payout ratio is currently 67.57%.

California Water Service Group Company Profile

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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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