HL Financial Services LLC Has $317,000 Position in California Water Service Group Holding (CWT)

HL Financial Services LLC decreased its position in California Water Service Group Holding (NYSE:CWT) by 29.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,300 shares of the utilities provider’s stock after selling 3,500 shares during the period. HL Financial Services LLC’s holdings in California Water Service Group Holding were worth $317,000 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 stock. Accurate Investment Solutions Inc. lifted its stake in California Water Service Group Holding by 0.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 2,917 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 8 shares during the period. Riverhead Capital Management LLC lifted its stake in California Water Service Group Holding by 66.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 1,661 shares during the period. PNC Financial Services Group Inc. lifted its stake in California Water Service Group Holding by 5.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,575 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 225 shares during the period. Flinton Capital Management LLC lifted its stake in California Water Service Group Holding by 60.8% during the 2nd quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock valued at $205,000 after acquiring an additional 2,108 shares during the period. Finally, Stifel Financial Corp bought a new position in California Water Service Group Holding during the 2nd quarter valued at about $225,000. Institutional investors own 68.14% of the company’s stock.

CWT has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Friday, October 27th. Robert W. Baird restated a “hold” rating and set a $35.00 target price on shares of California Water Service Group Holding in a research note on Sunday, September 3rd. Barclays PLC upped their target price on shares of California Water Service Group Holding from $30.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, September 22nd. Finally, BidaskClub cut shares of California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. California Water Service Group Holding has an average rating of “Hold” and an average price target of $36.75.

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In other news, VP Lynne P. Mcghee sold 1,605 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $37.61, for a total transaction of $60,364.05. Following the completion of the sale, the vice president now owns 19,660 shares of the company’s stock, valued at approximately $739,412.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lynne P. Mcghee sold 1,079 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total transaction of $39,858.26. Following the sale, the vice president now directly owns 18,581 shares of the company’s stock, valued at approximately $686,382.14. The disclosure for this sale can be found here. 0.97% of the stock is owned by corporate insiders.

California Water Service Group Holding (CWT) traded up $0.40 during midday trading on Wednesday, hitting $43.40. 223,700 shares of the stock traded hands, compared to its average volume of 156,636. California Water Service Group Holding has a 12-month low of $32.45 and a 12-month high of $43.75. The stock has a market cap of $2,064.65, a price-to-earnings ratio of 30.28, a P/E/G ratio of 5.83 and a beta of 0.72. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 0.76.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. California Water Service Group Holding had a net margin of 10.46% and a return on equity of 10.31%. The firm had revenue of $211.70 million during the quarter, compared to analyst estimates of $203.00 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. analysts forecast that California Water Service Group Holding will post 1.34 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, November 3rd. California Water Service Group Holding’s payout ratio is currently 50.70%.

California Water Service Group Holding 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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