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

SG Americas Securities LLC lowered its holdings in California Water Service Group (NYSE:CWTGet Rating) by 43.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,485 shares of the utilities provider’s stock after selling 11,321 shares during the period. SG Americas Securities LLC’s holdings in California Water Service Group were worth $859,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Pictet Asset Management SA grew its holdings in shares of California Water Service Group by 2.8% in the fourth quarter. Pictet Asset Management SA now owns 1,420,289 shares of the utilities provider’s stock valued at $102,062,000 after purchasing an additional 38,227 shares in the last quarter. Invesco Ltd. grew its holdings in shares of California Water Service Group by 6.2% in the fourth quarter. Invesco Ltd. now owns 1,414,270 shares of the utilities provider’s stock valued at $101,629,000 after purchasing an additional 81,975 shares in the last quarter. Northern Trust Corp grew its holdings in California Water Service Group by 2.4% during the 4th quarter. Northern Trust Corp now owns 934,775 shares of the utilities provider’s stock worth $67,173,000 after acquiring an additional 21,649 shares in the last quarter. Geode Capital Management LLC grew its holdings in California Water Service Group by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 879,479 shares of the utilities provider’s stock worth $63,199,000 after acquiring an additional 15,938 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in California Water Service Group by 16.5% during the 4th quarter. First Trust Advisors LP now owns 537,050 shares of the utilities provider’s stock worth $38,592,000 after acquiring an additional 76,195 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Insider Transactions at California Water Service Group

In other news, VP David B. Healey sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $53.15, for a total transaction of $26,575.00. Following the completion of the sale, the vice president now owns 16,046 shares in the company, valued at approximately $852,844.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP David B. Healey sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $53.15, for a total transaction of $26,575.00. Following the completion of the sale, the vice president now owns 16,046 shares in the company, valued at approximately $852,844.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert J. Kuta sold 1,365 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $55.14, for a total transaction of $75,266.10. Following the sale, the vice president now owns 12,094 shares of the company’s stock, valued at approximately $666,863.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,065 shares of company stock worth $112,865. 0.97% of the stock is currently owned by insiders.

California Water Service Group Trading Up 1.1 %

NYSE CWT opened at $60.08 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.90. California Water Service Group has a 52 week low of $48.46 and a 52 week high of $72.08. The stock has a market capitalization of $3.23 billion, a PE ratio of 29.45 and a beta of 0.31. The firm has a 50 day moving average of $54.60 and a two-hundred day moving average of $56.47.

California Water Service Group (NYSE:CWTGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The utilities provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.24). California Water Service Group had a return on equity of 9.41% and a net margin of 12.90%. During the same quarter last year, the firm posted $0.75 EPS. As a group, research analysts expect that California Water Service Group will post 1.83 EPS for the current fiscal year.

California Water Service Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Monday, August 8th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. California Water Service Group’s dividend payout ratio is presently 49.02%.

About California Water Service Group

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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.

See Also

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

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