Deutsche Bank AG Has $5.44 Million Position in California Water Service Group (NYSE:CWT)

Deutsche Bank AG boosted its stake in California Water Service Group (NYSE:CWT - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,904 shares of the utilities provider's stock after buying an additional 16,786 shares during the quarter. Deutsche Bank AG owned approximately 0.20% of California Water Service Group worth $5,435,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Parkworth Wealth Management Inc. bought a new stake in shares of California Water Service Group during the fourth quarter worth $50,000. Sterling Capital Management LLC grew its holdings in shares of California Water Service Group by 785.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,435 shares of the utilities provider's stock worth $65,000 after purchasing an additional 1,273 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of California Water Service Group by 27.6% during the fourth quarter. Federated Hermes Inc. now owns 1,969 shares of the utilities provider's stock worth $89,000 after purchasing an additional 426 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of California Water Service Group during the fourth quarter worth $102,000. Finally, GeoWealth Management LLC bought a new stake in shares of California Water Service Group during the fourth quarter worth $124,000. Institutional investors and hedge funds own 82.78% of the company's stock.

California Water Service Group Trading Up 0.2%

California Water Service Group stock traded up $0.11 during mid-day trading on Friday, hitting $47.00. The stock had a trading volume of 309,485 shares, compared to its average volume of 332,361. The stock has a 50-day simple moving average of $48.41 and a two-hundred day simple moving average of $47.34. The stock has a market capitalization of $2.80 billion, a PE ratio of 13.58, a P/E/G ratio of 0.46 and a beta of 0.70. California Water Service Group has a 12 month low of $41.64 and a 12 month high of $56.25. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.64.

California Water Service Group (NYSE:CWT - Get Free Report) last released its earnings results on Thursday, May 1st. The utilities provider reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The firm had revenue of $203.97 million for the quarter, compared to analyst estimates of $194.80 million. During the same quarter in the prior year, the firm posted $1.21 earnings per share. The company's quarterly revenue was down 24.7% on a year-over-year basis. As a group, sell-side analysts forecast that California Water Service Group will post 3.15 EPS for the current year.

California Water Service Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Monday, May 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.55%. The ex-dividend date was Monday, May 12th. California Water Service Group's payout ratio is 52.63%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen cut California Water Service Group from a "hold" rating to a "sell" rating in a report on Saturday. Wells Fargo & Company increased their target price on California Water Service Group from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded California Water Service Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th.

About California Water Service Group

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.