Barclays PLC Decreases Stock Holdings in California Water Service Group (NYSE:CWT)

Barclays PLC decreased its holdings in California Water Service Group (NYSE:CWT) by 9.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 66,606 shares of the utilities provider’s stock after selling 7,328 shares during the period. Barclays PLC’s holdings in California Water Service Group were worth $3,527,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of California Water Service Group by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,655,196 shares of the utilities provider’s stock valued at $286,322,000 after purchasing an additional 56,921 shares during the period. State Street Corp grew its stake in shares of California Water Service Group by 8.7% during the 3rd quarter. State Street Corp now owns 3,905,517 shares of the utilities provider’s stock valued at $206,719,000 after purchasing an additional 311,012 shares during the period. Nuveen Asset Management LLC grew its stake in shares of California Water Service Group by 19.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 818,155 shares of the utilities provider’s stock valued at $41,423,000 after purchasing an additional 131,174 shares during the period. Northern Trust Corp grew its stake in shares of California Water Service Group by 0.9% during the 2nd quarter. Northern Trust Corp now owns 805,989 shares of the utilities provider’s stock valued at $40,807,000 after purchasing an additional 6,934 shares during the period. Finally, Atria Investments LLC bought a new stake in shares of California Water Service Group during the 2nd quarter valued at about $9,119,000. 74.62% of the stock is owned by institutional investors and hedge funds.

In related news, Director Peter C. Nelson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $49.56, for a total transaction of $495,600.00. Following the completion of the transaction, the director now directly owns 14,283 shares in the company, valued at approximately $707,865.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard P. Magnuson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $56.73, for a total value of $1,134,600.00. Following the completion of the transaction, the director now owns 51,344 shares of the company’s stock, valued at $2,912,745.12. The disclosure for this sale can be found here. Insiders own 0.99% of the company’s stock.

Shares of NYSE:CWT opened at $51.40 on Monday. The stock has a 50 day moving average of $52.84 and a 200 day moving average of $52.53. The company has a market cap of $2.47 billion, a PE ratio of 36.98, a price-to-earnings-growth ratio of 3.81 and a beta of 0.20. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 1.07. California Water Service Group has a 12-month low of $43.38 and a 12-month high of $57.48.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings data on Thursday, October 31st. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.09. The company had revenue of $232.50 million during the quarter, compared to the consensus estimate of $224.50 million. California Water Service Group had a return on equity of 9.18% and a net margin of 9.52%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS. Equities research analysts predict that California Water Service Group will post 1.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 11th were paid a dividend of $0.1975 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.54%. California Water Service Group’s dividend payout ratio (DPR) is presently 58.09%.

Separately, ValuEngine upgraded California Water Service Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.67.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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

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