Signaturefd LLC Purchases 790 Shares of California Water Service Group $CWT

Signaturefd LLC increased its position in California Water Service Group (NYSE:CWT) by 130.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,397 shares of the utilities provider’s stock after purchasing an additional 790 shares during the period. Signaturefd LLC’s holdings in California Water Service Group were worth $64,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Raymond James Financial Inc. lifted its stake in shares of California Water Service Group by 204.2% in the first quarter. Raymond James Financial Inc. now owns 315,685 shares of the utilities provider’s stock valued at $15,298,000 after buying an additional 211,914 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of California Water Service Group in the 1st quarter worth about $5,461,000. State of Alaska Department of Revenue lifted its position in California Water Service Group by 7.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 35,453 shares of the utilities provider’s stock valued at $1,611,000 after acquiring an additional 2,499 shares in the last quarter. Ieq Capital LLC boosted its stake in California Water Service Group by 178.3% during the 1st quarter. Ieq Capital LLC now owns 12,430 shares of the utilities provider’s stock valued at $602,000 after purchasing an additional 7,963 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in California Water Service Group by 61.6% during the 1st quarter. Hsbc Holdings PLC now owns 16,962 shares of the utilities provider’s stock worth $826,000 after purchasing an additional 6,463 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

California Water Service Group Price Performance

Shares of NYSE:CWT opened at $45.36 on Monday. The firm has a market capitalization of $2.70 billion, a PE ratio of 19.81, a P/E/G ratio of 2.17 and a beta of 0.68. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $46.11 and a two-hundred day moving average price of $46.90. California Water Service Group has a twelve month low of $41.64 and a twelve month high of $54.75.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.25. California Water Service Group had a net margin of 13.71% and a return on equity of 8.28%. The company had revenue of $264.95 million for the quarter, compared to analysts’ expectations of $238.20 million. During the same period in the prior year, the company posted $0.70 EPS. California Water Service Group’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that California Water Service Group will post 3.15 EPS for the current year.

California Water Service Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Monday, August 11th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, August 11th. California Water Service Group’s payout ratio is presently 52.40%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of California Water Service Group in a report on Saturday, September 27th. Wall Street Zen upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of California Water Service Group from $59.00 to $55.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $56.00.

California Water Service Group Profile

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 services.