HL Financial Services LLC Sells 2,700 Shares of California Water Service Group (CWT)

HL Financial Services LLC cut its stake in shares of California Water Service Group (NYSE:CWT) by 32.5% in the 4th quarter, Holdings Channel reports. The firm owned 5,600 shares of the utilities provider’s stock after selling 2,700 shares during the quarter. HL Financial Services LLC’s holdings in California Water Service Group were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Nuance Investments LLC boosted its position in shares of California Water Service Group by 106.1% during the third quarter. Nuance Investments LLC now owns 661,848 shares of the utilities provider’s stock worth $25,250,000 after buying an additional 340,789 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of California Water Service Group during the fourth quarter worth approximately $4,621,000. Impax Asset Management LTD boosted its position in shares of California Water Service Group by 4.0% during the third quarter. Impax Asset Management LTD now owns 1,912,267 shares of the utilities provider’s stock worth $72,953,000 after buying an additional 73,467 shares during the period. Chicago Equity Partners LLC acquired a new position in shares of California Water Service Group during the fourth quarter worth approximately $3,062,000. Finally, First Trust Advisors LP boosted its position in shares of California Water Service Group by 43.3% during the third quarter. First Trust Advisors LP now owns 211,895 shares of the utilities provider’s stock worth $8,084,000 after buying an additional 64,015 shares during the period. 69.71% of the stock is owned by institutional investors.

A number of research firms have weighed in on CWT. Zacks Investment Research upgraded California Water Service Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Hilliard Lyons downgraded California Water Service Group from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $38.33.

Shares of California Water Service Group (NYSE CWT) opened at $38.95 on Thursday. The firm has a market capitalization of $1,908.60, a P/E ratio of 27.99, a price-to-earnings-growth ratio of 4.67 and a beta of 0.57. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46. California Water Service Group has a 52-week low of $32.75 and a 52-week high of $46.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 12th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 1.93%. This is an increase from California Water Service Group’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, February 9th. California Water Service Group’s dividend payout ratio is 50.70%.

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California Water Service Group Company 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.

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

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