Nuance Investments LLC raised its stake in shares of California Water Service Group Holding (NYSE:CWT) by 77.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321,059 shares of the utilities provider’s stock after buying an additional 140,034 shares during the period. California Water Service Group Holding makes up about 0.9% of Nuance Investments LLC’s investment portfolio, making the stock its 26th largest position. Nuance Investments LLC owned approximately 0.67% of California Water Service Group Holding worth $11,815,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in California Water Service Group Holding by 8,783.3% in the first quarter. BlackRock Inc. now owns 5,939,636 shares of the utilities provider’s stock valued at $212,936,000 after buying an additional 5,872,773 shares during the last quarter. Vanguard Group Inc. raised its stake in California Water Service Group Holding by 2.6% in the first quarter. Vanguard Group Inc. now owns 4,921,784 shares of the utilities provider’s stock valued at $176,446,000 after buying an additional 124,129 shares during the last quarter. Impax Asset Management LTD raised its stake in California Water Service Group Holding by 1.0% in the first quarter. Impax Asset Management LTD now owns 1,747,183 shares of the utilities provider’s stock valued at $62,633,000 after buying an additional 17,235 shares during the last quarter. State Street Corp raised its stake in California Water Service Group Holding by 7.2% in the first quarter. State Street Corp now owns 1,215,362 shares of the utilities provider’s stock valued at $43,575,000 after buying an additional 82,143 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in California Water Service Group Holding by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 735,789 shares of the utilities provider’s stock valued at $26,378,000 after buying an additional 22,568 shares during the last quarter. Institutional investors and hedge funds own 68.73% of the company’s stock.

Shares of California Water Service Group Holding (CWT) opened at 37.50 on Friday. The stock’s 50 day moving average is $37.91 and its 200-day moving average is $36.28. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 31.25 and a beta of 0.69. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $39.65.

California Water Service Group Holding (NYSE:CWT) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The firm had revenue of $171.10 million for the quarter, compared to the consensus estimate of $162.23 million. During the same period in the previous year, the firm posted $0.24 EPS. The business’s quarterly revenue was up 12.3% on a year-over-year basis. On average, analysts expect that California Water Service Group Holding will post $1.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Monday, August 7th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. California Water Service Group Holding’s dividend payout ratio is presently 60.00%.

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A number of analysts have recently weighed in on CWT shares. Zacks Investment Research upgraded shares of California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Friday, July 28th. BidaskClub lowered shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Finally, US Capital Advisors reiterated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $34.40.

In related news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $35.90, for a total transaction of $35,900.00. Following the completion of the transaction, the vice president now directly owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

California Water Service Group Holding Company Profile

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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

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