SG Americas Securities LLC Has $2.72 Million Position in California Water Service Group (NYSE:CWT)

SG Americas Securities LLC lifted its position in shares of California Water Service Group (NYSE:CWT - Free Report) by 79.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,109 shares of the utilities provider's stock after buying an additional 24,904 shares during the period. SG Americas Securities LLC owned about 0.09% of California Water Service Group worth $2,719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in California Water Service Group by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 7,514,709 shares of the utilities provider's stock valued at $340,642,000 after purchasing an additional 158,295 shares during the last quarter. First Trust Advisors LP lifted its position in shares of California Water Service Group by 4.9% in the fourth quarter. First Trust Advisors LP now owns 1,689,977 shares of the utilities provider's stock valued at $76,607,000 after buying an additional 79,658 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of California Water Service Group by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 1,360,158 shares of the utilities provider's stock valued at $61,670,000 after buying an additional 22,192 shares during the last quarter. Northern Trust Corp lifted its position in shares of California Water Service Group by 13.1% in the fourth quarter. Northern Trust Corp now owns 979,138 shares of the utilities provider's stock valued at $44,384,000 after buying an additional 113,622 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of California Water Service Group by 5.6% in the fourth quarter. Invesco Ltd. now owns 928,148 shares of the utilities provider's stock valued at $42,073,000 after buying an additional 49,107 shares during the last quarter. 82.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at California Water Service Group

In other news, Director Lester A. Snow sold 1,200 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $46.51, for a total transaction of $55,812.00. Following the transaction, the director now owns 26,349 shares in the company, valued at approximately $1,225,491.99. This trade represents a 4.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.77% of the stock is owned by corporate insiders.

California Water Service Group Price Performance

Shares of NYSE CWT opened at $46.32 on Friday. The firm has a market cap of $2.76 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 0.46 and a beta of 0.66. 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 has a 1-year low of $41.64 and a 1-year high of $56.25. The business's 50 day moving average is $48.18 and its 200-day moving average is $46.85.

California Water Service Group (NYSE:CWT - Get Free Report) last announced its earnings results on Thursday, May 1st. The utilities provider reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. The company had revenue of $203.97 million for the quarter, compared to analyst estimates of $194.80 million. California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The firm's quarterly revenue was down 24.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Equities research analysts predict that California Water Service Group will post 3.15 earnings per share for the current year.

California Water Service Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Monday, May 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.59%. California Water Service Group's dividend payout ratio (DPR) is currently 52.63%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CWT. Seaport Res Ptn raised California Water Service Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Wells Fargo & Company raised their price objective on California Water Service Group from $54.00 to $59.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen raised California Water Service Group from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.

California Water Service Group Company 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.

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