Wipfli Financial Advisors LLC Invests $27,000 in California Water Service Group (NYSE:CWT)

Wipfli Financial Advisors LLC bought a new position in California Water Service Group (NYSE:CWTGet Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 506 shares of the utilities provider’s stock, valued at approximately $27,000.

Other hedge funds have also modified their holdings of the company. Venture Visionary Partners LLC acquired a new position in shares of California Water Service Group in the 2nd quarter worth approximately $40,000. EverSource Wealth Advisors LLC raised its holdings in shares of California Water Service Group by 731.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,064 shares of the utilities provider’s stock worth $60,000 after buying an additional 936 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of California Water Service Group in the 2nd quarter worth approximately $69,000. Captrust Financial Advisors raised its holdings in shares of California Water Service Group by 6.8% in the 2nd quarter. Captrust Financial Advisors now owns 3,208 shares of the utilities provider’s stock worth $178,000 after buying an additional 205 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of California Water Service Group in the 2nd quarter worth approximately $184,000. 79.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at California Water Service Group

In other California Water Service Group news, Director Thomas M. Krummel sold 469 shares of the stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $64.89, for a total value of $30,433.41. Following the transaction, the director now directly owns 28,636 shares in the company, valued at approximately $1,858,190.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, 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 directly owns 29,105 shares in the company, valued at approximately $1,831,286.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $30,433.41. Following the completion of the transaction, the director now owns 28,636 shares in the company, valued at $1,858,190.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,498 shares of company stock worth $156,572. Insiders own 0.97% of the company’s stock.

California Water Service Group Trading Down 0.2 %

CWT stock opened at $60.73 on Friday. The business has a fifty day moving average price of $62.55 and a 200 day moving average price of $59.66. California Water Service Group has a fifty-two week low of $48.46 and a fifty-two week high of $66.12. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 41.03 and a beta of 0.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.05 and a quick ratio of 1.02.

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). The business had revenue of $266.31 million for the quarter, compared to analyst estimates of $255.00 million. California Water Service Group had a net margin of 9.76% and a return on equity of 6.61%. Analysts expect that California Water Service Group will post 1.6 EPS for the current fiscal year.

California Water Service Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Shareholders of record on Monday, November 7th were given a $0.25 dividend. The ex-dividend date was Friday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. California Water Service Group’s payout ratio is 67.57%.

Wall Street Analyst Weigh In

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

California Water Service Group Profile

(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.

Further Reading

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

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